Byju's core business revenue soars 2.3x, reports Rs 2,253 crore net loss

The parent company of edtech company Byju’s, Think and Learn Private Limited (TLPL), announced a 2.3-fold increase in its primary revenue to reach a total of Rs 3,569 crore for the fiscal year 2021–22 from Rs 1,552 crore the year before.

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The business declared that the audited financial accounts have been closed. The core business’s Ebitda loss decreased from Rs 2,406 crore to Rs 2,253 crore year over year, while margin improved from -155 percent to -63 percent between FY21 and FY22. “The takeaways from a uniquely belligerent year, which included nine acquisitions, are lifelong learnings. The core business has demonstrated good growth, underlining the potential of edtech in India, the fastestgrowing major economy,” said Byju’s founder and group chief executive officer Byju Raveendran. “I am also humbled by the lessons learnt in the post-pandemic world of readjustments. Byju’s will continue on the path of sustainable and profitable growth in the coming years.”