upGrad Achieves 30% YoY Revenue Growth; EBITDA and PAT Loss drops by 50%

Mumbai 16th December 2024: One of Asia’s largest Skilling & Forever learning majors upGrad recorded for FY’24 a Gross Revenue of INR 1876 Cr – which post Ind-AS accounting closed at a total Income of INR 1547 Cr, with a carry forward unrecognized but collected advance revenue into future years of INR 507 Cr.

Ind-AS EBITDA loss (excluding one-time costs) came in at INR 202 Cr vs INR 558 Cr the previous year and post one-time costs EBITDA loss closed at INR 286 Cr, 50% less than the previous year. Ind-AS negative PAT came in at INR 560 Cr vs negative INR 1142 Cr the previous year.