India, Aug. 18 -- Edtech major upGrad said its net loss narrowed 52% to Rs.130 Cr in the financial year ended March 2026 (FY26) from Rs.274 Cr in the previous fiscal year.

The Ronnie Screwvala-led startup's gross revenue, inclusive of taxes, rose 7% to Rs.2,070 Cr during the year from Rs.1,943 Cr in FY25. Its total income after Ind AS accounting stood at Rs.1,732 Cr.

Meanwhile, upGrad's Ind AS EBITDA rose over eightfold to Rs.123 Cr from Rs.15 Cr in FY25.

The startup also said it collected Rs.530 Cr in revenue that is yet to be recognised and would be accounted for in subsequent years.

This marked the third consecutive fiscal year in which upGrad more than halved its net loss. Its loss declined from Rs.1,142 Cr in FY23 to Rs.560 Cr in...