Chetana Education sets ₹150-160 cr three-year target, guides for 15-20% profit growth
FY26 profit held flat by a one-off charge. Management now targets double-digit revenue growth and faster profit expansion in FY27.
What's new
- FY26 revenue rose 6.5% to ₹109 cr; PAT was flat at ₹13.55 cr after a ₹1.1 cr one-off charge.
- Management guides for double-digit revenue growth and 15-20% PAT expansion in FY27.
- Three-year revenue target of ₹150-160 cr hinges on Maharashtra syllabus changes and the Smart School Program.
Why this matters
The concall adds little to the FY26 numbers already known. The new detail is the explicit three-year revenue corridor. For a nano-cap, growing from ₹109 cr to ₹160 cr requires sustained adoption of a state-level curriculum shift, not just internal execution.
What we're watching
- Whether the Smart School Program and DotStar platform adoption accelerates beyond 165 schools.
- If the ₹1.1 cr one-off charge in FY26 proves truly non-recurring.
- The pace of Maharashtra syllabus overhaul, the core driver of the three-year plan.
The full read
Chetana Education's FY26 results confirm a slow year: ₹109 crore in revenue, up 6.5%, with PAT at ₹13.55 crore flat after a ₹1.1 crore one-off hit. The forward guidance is the real update. Management is targeting 15-20% PAT growth in FY27 and set a three-year revenue goal of ₹150-160 crore. The growth thesis rests on a multi-state syllabus overhaul in Maharashtra and the Smart School Program, which ties into the DotStar OTT platform now in 165 schools, with a target of 300 by FY27. The details were communicated on the concall. The new data point is the explicit three-year revenue corridor. For a nano-cap, bridging from ₹109 cr to ₹160 cr hinges on public-sector curriculum adoption.
Questions answered
- Why was Chetana Education's FY26 profit flat despite higher revenue?
- PAT of ₹13.55 crore was flat year-on-year due to a ₹1.1 crore one-off charge. Revenue grew 6.5% to ₹109 crore.
- What is driving the ₹150-160 crore three-year revenue target?
- Management cites the multi-state syllabus overhaul in Maharashtra and the rollout of the Smart School Program, alongside the DotStar OTT platform deployment in schools.
- How much has the DotStar platform been deployed so far?
- DotStar has been deployed in 165 schools with a target of 300 schools by FY27.
- What is the specific guidance for FY27?
- Management guides for double-digit topline growth and PAT expansion of 15-20% for FY27.