Allen’s profit plummets 70% in FY25 as revenue dips

Allen Career Institute recorded a marginal drop in operating revenue and a sharp 70% fall in profit during the fiscal year ended March 31, 2025. Pressure on profitability had already emerged in FY24, when the company reported its first-ever decline in profits, largely due to the slowdown in offline coaching businesses across the sector.

Allen reported Rs 3,067 crore in operating revenue and Rs 3,307 crore in total revenue, which included other income of Rs 240 crore in FY25. According to a company press release, its profit after tax stood at Rs 41 crore in the last fiscal year. In comparison, Allen reported Rs 3,473.2 crore in total income and a profit of Rs 136 crore in FY24.

The company claims it closed FY25 with a strong balance sheet and a net cash position of approximately Rs 2,000 crore. The number was recorded at Rs 1,958 crore in FY24.

Allen further added that its business outside Kota contributed 75% of total revenue in FY25, up from 64% in FY24. Over the past two years, the company added 106 self-operated physical classroom campuses across India, comprising 62 in 17 new cities and 44 in existing markets. Despite the aggressive expansion, Allen said its physical classroom business remained profitable in FY25, supported by strong academic results and disciplined city-level economics.

Commenting on the results, Nitin Kukreja, CEO, Allen Career Institute, said, “Our strategy remains anchored in academic excellence, disciplined capital deployment, and strong governance. We have kept classrooms profitable while expanding in new cities, scaled digital integration across every course, and maintained a robust balance sheet. Allen today is a more diversified and future-ready company poised for the next phase of growth.”

In parallel, Allen has continued to invest in its digital learning platform, Allen Online. The firm recently appointed former Zomato CEO Rakesh Ranjan as the Chief Executive Officer of its digital-first arm.

Founded in 1988 by Rajesh Maheshwari, Allen has built an offline network of more than 300 centers across 65 cities, supporting lakhs of aspirants in JEE, NEET, Olympiads, and foundational studies.