Jaro Education, a higher education technology startup, has recorded a 100% rise in EBITA over FY21-22, proving the company's outstanding financial success and efficient operations. Jaro Education has set a target of Rs 200 crore in net booking value (net revenue) for FY23-24, with a more than 100% YoY rise in EBITA, according to an official announcement. 

Jaro Education's preliminary net fee value (net revenue) for FY22-23 is more than Rs 150 crores, representing a 90% increase over the previous fiscal year. The development of the company's product line has fueled its growth, which has increased by 50% and is expected to reach 50% in FY 2024. Furthermore, Jaro Education's net profit (PAT) climbed by 146% from the previous fiscal year, highlighting the company's strategic planning and operational effectiveness, according to the announcement. 

“Our net fee value (net revenue) has grown substantially with a remarkable EBITA increase of 100%. Looking ahead, we are confident in our  ability to continue this upward trajectory, targeting an Rs 450 crore gross fee value and EBITA  increase of more than 100% at the end of FY24. Jaro Education has been a self-funded and profitable  company since its inception that is propelling the Edtech market’s accelerated growth,”  Sanjay Salunkhe, founder, CMD, Jaro Education, said.