upGrad Posts Rs 123 Crore EBITDA in FY26, Losses Fall 52% Year-on-Year

upGrad's EBITDA jumped 8X to Rs 123 crore in FY26 with gross revenue exceeding Rs 2,000 crore and net loss dropping 52% to Rs 130 crore—marking three straight years of more than halving losses, powered by AI-driven operating efficiency. The playbook is clear: AI doesn't replace instructors; it scales course delivery, content adaptation and student support without proportional headcount.

Source: YourStory ↗