Edtech giant Byju’s has recently filed its financial year 2022 (FY22) financials with the Ministry of Corporate Affairs (MCA), marking the end of a nearly 22-month reporting period. The filing reveals a significant surge in consolidated revenue, witnessing a remarkable 118 percent jump from Rs 2,428 crore in FY21 to Rs 5,298 crore in FY22. However, the positive revenue growth is accompanied by a notable increase in losses, soaring from Rs 4,564 crore in FY21 to Rs 8,245 crore in FY22.
These figures align with an earlier Moneycontrol report, which, based on the FY22 financials presented during the company’s annual general meeting in December 2023, indicated consolidated revenue from operations at around Rs 5,000 crore, with losses surpassing Rs 8,200 crore.
Byju’s had disclosed in November 2023 that its standalone revenue from the core business witnessed a robust increase to Rs 3,569 crore, accompanied by an EBITDA loss of Rs 2,253 crore. The recent financial filing highlights the challenges faced by the edtech unicorn, showcasing substantial revenue growth amid widening losses in the competitive education technology landscape.
