Jaro Education Q2 bookings rise 9% as ARPU gains 6% year on year

In Q2 FY27, Jaro Institute of Technology Management and Research Limited reported gross bookings of Rs 227.0965 crore, up 9% year on year, as average revenue per user rose 6% to Rs 90,801 and admissions increased 3% to 9,663. The operating data shows booking growth outpaced the increase in learner admissions.

What drove Jaro Education’s Q2 FY27 booking growth?

Jaro Education’s Q2 FY27 operating metrics show higher average monetisation alongside a smaller increase in admissions: gross bookings rose 9% year on year, ARPU rose 6%, and admissions rose 3% to 9,663. Gross booking is defined as total programme fees, including both Jaro Education’s share and the university’s share.

Degree programmes accounted for 8,235 admissions, or 85% of the Q2 total, while certification courses accounted for 1,428, or 15%. Degree revenue was Rs 76.9468 crore, or 88% of revenue from operations of Rs 87.7412 crore, compared with certification revenue of Rs 10.7944 crore, or 12%.

The presentation reports two slightly different Q2 FY27 gross-booking figures. The overview gives Rs 227.0965 crore and attaches the 9% year-on-year growth rate, while the quarterly chart gives Rs 226.65 crore, a difference of Rs 44.65 lakh. Jaro Education says historical gross-booking numbers may vary because of decimal adjustments.

How did Jaro Education’s gross bookings change quarter by quarter?

Jaro Education’s quarterly chart shows gross bookings of Rs 226.65 crore in Q2 FY27, up from Rs 190.30 crore in Q1 FY27 and Rs 208.09 crore in Q2 FY26. The sequential increase was Rs 36.35 crore, while the chart value was Rs 18.56 crore above the comparable Q2 FY26 figure.

The latest reading was the highest in the six-quarter series supplied by Jaro Education. Gross bookings were Rs 162.87 crore in Q1 FY26, Rs 165.54 crore in Q3 FY26, Rs 190.70 crore in Q4 FY26 and Rs 190.30 crore in Q1 FY27 before reaching Rs 226.65 crore in Q2 FY27.

For H1 FY27, gross bookings were Rs 416.95 crore, compared with Rs 370.97 crore in H1 FY26. The longer half-year series shows Rs 160.04 crore in H1 FY23, Rs 235.78 crore in H1 FY24 and Rs 312.15 crore in H1 FY25, before the H1 FY26 and H1 FY27 readings.

How did Jaro Education’s ARPU change in Q2 FY27?

Jaro Education’s ARPU, or average revenue per user, was Rs 90,801 in Q2 FY27, up 6% year on year from Rs 85,458 in Q2 FY26. ARPU was also Rs 4,192 higher than the Rs 86,609 recorded in Q1 FY27.

The Q2 FY27 figure was the highest in the six-quarter ARPU series. Earlier readings were Rs 82,889 in Q1 FY26, Rs 85,205 in Q3 FY26 and Rs 85,995 in Q4 FY26, followed by Rs 86,609 in Q1 FY27 and Rs 90,801 in Q2 FY27.

H1 FY27 ARPU increased to Rs 88,880 from Rs 84,334 in H1 FY26. The presentation also shows H1 ARPU of Rs 55,707 in FY23, Rs 65,443 in FY24 and Rs 85,181 in FY25; it does not quantify the contribution of pricing, programme mix or other factors to the Q2 FY27 change.

How did Jaro Education’s admissions and enrolment channels change?

Jaro Education reported 9,663 Q2 FY27 admissions, including 8,235 in degree programmes and 1,428 in certification courses. The 85% degree share of admissions was below the 88% degree share of Q2 revenue from operations, while certification represented 15% of admissions and 12% of revenue.

Performance marketing supplied 45% of Q2 FY27 enrolments, reference supplied 28%, and others supplied 27%. In Q1 FY27, the respective proportions were 56%, 33% and 11%, meaning the others category gained 16 percentage points while performance marketing declined 11 percentage points.

Against Q2 FY26, performance marketing declined from 49% to 45% and reference declined from 33% to 28%, while others increased from 19% to 27%. Jaro Education does not define the others category or disclose admissions by channel, so the presentation identifies a mix shift but not channel-level volumes.

For H1 FY27, Jaro Education separately reported 15,214 degree enrolments and 2,618 certification-course enrolments, totalling 17,832. The source labels the quarterly measure as admissions and the half-year measure as enrolments, without reconciling them; FY26 showed 27,865 degree enrolments and 4,371 certification enrolments for the full year.

What programme and partnership initiatives did Jaro Education disclose?

Jaro Education disclosed six programme sign-ups in Q2 FY27: programmes with IIM Indore, CEC IIT Roorkee, XLRI Jamshedpur, IIM Mumbai and IIT Bombay. The subjects include artificial intelligence-led business transformation, digital healthcare, senior leadership, human-resources applications of artificial intelligence, and innovation and entrepreneurship.

The company also said it strengthened partnerships with IIT Kharagpur and Christ University, and launched the Grow with Jaro initiative with IIT Madras Pravartak. The initiative is intended to make artificial-intelligence education and upskilling accessible and affordable for graduates and working professionals, but the presentation gives no enrolment, booking or timing target.

Jaro Education’s company overview states that it partners with 35 institutions and offers 331 programmes to more than 350,000 learners, with a presence across about 23 locations in India. Those figures provide the disclosed operating context for the six new programme sign-ups, although the presentation does not specify their expected financial contribution.

Conclusion

Jaro Education’s Q2 FY27 data shows gross bookings and ARPU increasing faster than admissions. Gross bookings rose 9% to Rs 227.0965 crore on the overview page, ARPU increased 6% to Rs 90,801, and admissions rose 3% to 9,663, while degree programmes generated 88% of Rs 87.7412 crore in revenue from operations.

The next disclosures to watch are the implementation of the six signed programmes and the Grow with Jaro initiative with IIT Madras Pravartak. Jaro Education also disclosed partnerships with IIT Kharagpur and Christ University, but it has not provided targets, launch dates or expected bookings for these initiatives.