India, May 20 -- Edtech major upGrad turned PAT profitable in the first 11 months of the fiscal year FY26 ahead of its proposed acquisition of Unacademy, ET reported, citing a confidential valuation report filed by the company.

According to the report, upGrad posted a PAT of Rs.38 Cr on provisional and unaudited revenue of Rs.1,532 Cr during the first 11 months of FY26. The company is expected to close FY26 with revenue of around Rs.1,972 Cr and PAT exceeding Rs.60 Cr, against a net loss of Rs.274 Cr in FY25.

In FY25, upGrad managed to cut its net loss by over 50% to Rs.273.7 Cr from Rs.559.8 Cr. Its operating revenue rose 6% to Rs.1,569.3 Cr from Rs.1,487.6 Cr in the year ago period.

Looking ahead, the company has reportedly projected...