Allen nears Rs 3,500 Cr revenue in FY24, profit shrinks 44%

Allen EdTech: Revenue Surges by 42% with JEE, NEET Courses

Allen is an edtech company that provides an online learning platform and offline coaching institutes with learning courses for JEE, and NEET preparation courses. The company offering educational courses announced a 42.3 percent increase in its operational revenue to Rs 3,244.7 crore in FY24. The startup provides coaching classes for competition courses to students. These coaching services are the company’s primary source of revenue.  The firm al…

Allen nears Rs 3,500 Cr revenue in FY24, profit shrinks 44%

Offline coaching institutes have been finding it tough to scale their profits, and Allen Career Institute is no exception. The Bodhi Tree-funded firm reported a 44% year-on-year decline in profit for the fiscal year ending March 2024. In the second half of this story, we’ll delve into the expense patterns that led to this decline. For now, let’s focus on its revenue and sources. Allen’s revenue from operations increased 42% to Rs 3,244.7 crore i…