Lead School targets 20% growth in FY27, eyes IPO in two to three years
School edtech platform Lead School is targeting revenue growth of close to 20% in FY27 and expects earnings before interest, taxes, depreciation and amortisation (Ebitda) to rise as much as threefold to around Rs 90 crore, as it scales its artificial intelligence products and builds towards a public listing over the next two to three years, cofounder and chief executive Sumeet Mehta told ET.
The Mumbai-based company’s operating revenue rose 10% to Rs 386 crore in FY26 from Rs 351 crore a year earlier, while operating Ebitda increased sevenfold to Rs 30 crore from Rs 4 crore. Its net loss narrowed to around Rs 33 crore from Rs 43 crore in FY25, with Mehta expecting Lead to turn net profitable or at least break even in FY27.
