BYJU’S consolidated net loss surged 81% to INR 8,245.2 Cr in FY22 from INR 4,564.3 Cr in FY21
Operating revenue rose over 120% to INR 5,014.6 Cr during the year under review, mostly on the back of improvement in the financial performance of Aakash
The embattled edtech startup’s total expenditure increase 95% to INR 13,668.4 Cr in FY22 from INR 7,027.4 Cr in the previous fiscal year
Edtech giant BYJU’S consolidated net loss crossed the INR 8,000 Cr, or about $1 Bn, mark in the financial year ended March 31, 2022. The embattled startups filed its financials with the Ministry of Corporate Affairs nearly 22 months after the end of the financial year 2021-22 (FY22).
As per the filings, BYJU’S net loss surged 81% to INR 8,245.2 Cr in FY22 from INR 4,564.3 Cr in FY21.