Drishti IAS reports revenue of Rs 364 crore and PAT of Rs 61 crore in FY25

The details

• Drishti IAS reported revenue of Rs 364 crore and profit after tax of Rs 61 crore in FY25, a 10% drop in revenue compared to the previous year.
• The decline in revenue and profitability is attributed to Ind-AS based accounting adjustments and a normalisation in the offline coaching sector after the post-Covid surge in enrolments.
• The company also faced a revenue loss of over Rs 30 crore due to the relocation of its primary centre from Mukherjee Nagar to a compliant facility in Noida.
• Drishti IAS is expanding into online education, with nearly one third of its revenue now coming from online operations.
• The company plans to expand into Banking, Defence, and School education sectors and has opened new centres in Ranchi and Patna in FY26.

The bigger picture

• The offline coaching sector is in a correction phase, leading to pressure on profitability for Drishti IAS in FY26.
• The relocation of its primary centre to a compliant facility in Noida resulted in a significant revenue loss.

About the business

• Drishti IAS is an offline and online coaching institute focused on UPSC and PCS exam preparation.
• The company operates eight centres across Delhi, Noida, Prayagraj, Lucknow, Jaipur, Indore, Ranchi, and Patna.
• Drishti IAS launched its online arm in FY21 and now generates nearly one third of its revenue from online operations.
• The company is expanding into new categories such as Judiciary, Teaching Exams, and SSC, and plans to enter Banking, Defence, and School education sectors.
• Drishti IAS is in the process of opening new centres in Ranchi and Patna in FY26.

What happens next

• Drishti IAS plans to expand into Banking, Defence, and School education sectors.
• The company has opened new centres in Ranchi and Patna in FY26.
• Drishti IAS is launching lower-priced studio-based online programmes.

The deal

Type

results

Founders

• Vikas Divyakirti, founder
• Vivek Tiwari, CEO
• Vipan Joshi, CFO

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