Drishti IAS posts Rs 364 Cr revenue and Rs 61 Cr PAT in FY25

Offline coaching firm Drishti IAS has reported operating revenue of Rs 364 crore in FY25, a 10% decline from Rs 405 crore in the previous year, according to its audited financial results. The company’s EBITDA declined to Rs 77 crore from Rs 127 crore, while profit after tax fell 32% to Rs 61 crore from Rs 90 crore year on year.

The company attributed the revenue dip to Ind-AS based accounting adjustments and a broader normalisation in the offline coaching sector following the post Covid surge in enrolments. With the market currently in a correction phase, Drishti IAS said profitability is expected to remain under pressure in the ongoing fiscal year (FY26).

Drishti IAS also cited the stabilisation of classroom admissions across major coaching hubs as student numbers return to pre Covid levels. Importantly, the relocation of its primary Mukherjee Nagar centre to a compliant facility in Noida during FY25 resulted in a revenue loss of over Rs 30 crore.

Founded in 1999 by Vikas Divyakirti, Drishti IAS focuses on UPSC and PCS exam preparation and operates eight centres across Delhi, Noida, Prayagraj, Lucknow, Jaipur, Indore, Ranchi and Patna.

Drishti IAS is expanding across offline and online segments. It opened new centres in Ranchi and Patna in FY26, launched lower-priced studio-based online programmes, and entered Judiciary, Teaching Exams and SSC categories. The firm also plans to expand into Banking, Defence and School education, said CEO Vivek Tiwari through a press statement.

The company has appointed Vipan Joshi as Chief Financial Officer. Joshi previously served as CFO at Aakash Institute.

Originally an offline only coaching institute, Drishti IAS launched its online arm in FY21. In FY25, nearly one third of its revenue came from online operations, with the remainder from offline centres.

It is worth noting that PhysicsWallah was in talks to acquire Drishti IAS, but the discussions were eventually called off, with both companies choosing to pursue independent growth strategies. Entrackrexclusively reported both developments.