After flat revenue in FY25, edtech unicorn LEAD Group returned to double-digit growth in FY26, with operating revenue rising 10%. The company also improved its operating EBITDA, which jumped sevenfold, while cutting its losses by 20% year-on-year during the fiscal year. The company’s operating revenue grew to Rs 386.6 crore in the fiscal year ended March 2026 from Rs 351.5 crore in FY25 , its annual financial statements sourced from the Registrar of Companies (RoC) show. Founded in 2012 by Sumeet Mehta and Smita Deorah, LEAD provides integrated curriculum and technology solutions, including books, workbooks, smart classes, teacher training, ERPs, Math-Science kits, teaching aids and devices. The company currently has a presence across more than 9,000 schools in over 400 towns and cities, reaching nearly 41 lakh students and supporting more than 65,000 teachers. Revenue from products such as books, teaching aids and devices accounted for over 71% of the company’s operating income at Rs 275.4 crore, while platform services contributed the remaining Rs 76.5 crore. LEAD’s total income stood at Rs 392 crore in FY26, including Rs 5.4 crore in non-operating income, compared with Rs 367.4 crore in the previous fiscal. For the edtech firm, employee benefit expenses remained the largest cost head, although they declined 6% to Rs 131.2 crore in FY26 from Rs 139.7 crore a year earlier. The cost of materials also fell 5.4% to Rs 104.9 crore, while travel and conveyance expenses increased…

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