Chetana Education Limited — Investor Meet, 26-09-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Chetana Education reported FY25 top-line of ₹102 Cr (up from ₹92.5 Cr in FY24) with ~₹13 Cr PAT. Management clarified perceived negative cash flow and 100% growth issues were due to comparing a two-month balance sheet; actual YoY revenue growth is ~20%, with typical EBITDA margins of 20-22%.

The 47-year-old publisher is pivoting to digital via Dija, its 100% subsidiary. Dija offers a unique personalized educational OTT channel for schools, a 'Netflix for education'. It uses a SaaS model, charging ~₹360/child annually. After a soft launch with 140 registered schools, Dija targets 4,000-5,000 schools, with revenue expected from FY27.

Partnerships with Physicswala (competitive exam prep) and Birla Group (mental health) enhance Dija's content. Management is confident that NEP syllabus changes and a debt-free balance sheet post-IPO will drive growth, projecting a 25-30% top-line jump for the coming academic year. Dija anticipates 40-45% EBITDA margins, targeting the K-3 segment and aiming for deeper market penetration in CBSE/Maharashtra State Boards.