Edtech

Vedantu · AOC-4 XBRL Standalone and Consolidated Financial Statements FY2025, Vedantu Innovations Private Limited

Vedantu's consolidated FY2025 audit shows revenue of ₹227 Cr (+23%) and a reported net loss of ₹123 Cr, down from ₹158 Cr. Read carefully, the underlying operating loss (pre-exceptional, pre-tax) widened from ₹169 Cr to ₹211 Cr. The ₹77 Cr exceptional gain that bridges the two readings is a write-back of contingent acquisition consideration: Ace Creative Learning is underperforming its earnout milestones, so Vedantu now expects to pay sellers less. Two smaller acquired entities (Adinio, Wecolab) were fully written off. The improvement in the headline is accounting recognition of acquisition underperformance, not operating leverage.

upGrad · AOC-4 XBRL Standalone and Consolidated Financial Statements FY2025, upGrad Education Private Limited

upGrad's consolidated FY2025 audit shows revenue of ₹1,569 Cr (+5.5%) and net loss of ₹274 Cr, down from ₹560 Cr a year earlier. The loss compression came from cost discipline (other expenses -15%, advertising -11%, depreciation -7%), not revenue growth. ₹419 Cr of fresh equity was raised during the year. The Indian standalone arm lost ₹333 Cr; the consolidated loss is smaller because subsidiaries (international operations, acquired businesses) contributed positive earnings.

Scaler · AOC-4 XBRL Standalone Financial Statements FY2025, InterviewBit Software Services Private Limited (one of multiple operating entities under the Scaler/InterviewBit group)

The Indian operating entity behind the Scaler brand reported its first profit (+₹3.43 Cr) in FY2025, reversing a ₹99 Cr loss. Revenue fell 5% to ₹363 Cr; cost cuts did the rest. Employee costs fell 29%, advertising 30%, other expenses 20%. Operating cash flow actually worsened to -₹108 Cr because deferred course-fee revenue is normalising on a shrinking base. The entity sits inside a multi-entity Singapore-headquartered group, so standalone numbers capture one slice of the larger Scaler picture.

Unacademy · AOC-4 XBRL Standalone and Consolidated Financial Statements FY2025, Sorting Hat Technologies Private Limited

Unacademy (Sorting Hat Technologies Private Limited) reported FY2025 consolidated revenue of ₹701.80 Cr, down 16.4% from ₹839.80 Cr. Consolidated net loss compressed from ₹631 Cr to ₹435 Cr (-31%). Standalone revenue halved from ₹716 Cr to ₹347 Cr. Other expenses at the consolidated level were cut ₹355 Cr (-38%), aided in part by FY2024 carrying material restructuring charges that did not repeat. Cash and bank balances fell ₹392 Cr to ₹1,168 Cr.