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…

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