BENGALURU: Byju’s reported a loss of Rs 250 crore for fiscal 2019-20, up from simply Rs 9 crore in the earlier 12 months, in accordance to paperwork accessed by enterprise intelligence platform Tofler.
On a consolidated foundation, revenue from operations was up 82% to Rs 2,380 crore as extra individuals registered for the corporate’s programs. Losses widened as bills greater than doubled to Rs 3,021 crore from Rs 1,376 crore. It paid Rs 420 crore as worker profit bills, which made up round 14% of its mixture expenditure.
On a consolidated foundation, revenue from operations was up 82% to Rs 2,380 crore as extra individuals registered for the corporate’s programs. Losses widened as bills greater than doubled to Rs 3,021 crore from Rs 1,376 crore. It paid Rs 420 crore as worker profit bills, which made up round 14% of its mixture expenditure.
Byju’s, which received a few of the greatest cheques from buyers this 12 months, utilised a substantial a part of it on advertorials. More than 70% of the corporate’s revenue got here from gross sales of tablets and SD playing cards, which comprise its programs. Sale of reference books generated 23% of the revenue. The remaining was from tuition and repair charges.
Byju’s has greater than 65 million subscribers. It added about 25 million during the last 12 months, as extra individuals signed up for on-line lessons amid Covid. The firm has been on an acquisition spree in the final one 12 months, shopping for firms like WhiteHat Jr, Aakash, Great Learning and Toppr.
