BYJU'S FY22: 2.3x Revenue Growth, Slight EBITDA Loss Dip
2023 • 7min • News • Business
Published On: November 06, 2023 - Ed-tech major BYJU’S releases its financial audit report for FY22. While the company’s revenue grew 2.3 times to Rs 3,569 crore, its EBITDA loss witnessed a marginal loss. The company's total income surged to Rs 3,569 crore for FY22 from Rs 1,552 crore in the previous year. In addition, its EBITDA loss decreased from Rs 2,406 crore to Rs 2,253 crore from FY21 to FY22. BYJU'S is the core business of its parent company, Think & Learn Pvt Ltd. Upon the release of the report, Co-founder Byju Raveendran said, 'The takeaways from a uniquely belligerent year, which included nine acquisitions, are life-long learnings. The core business has demonstrated good growth, underlining the potential of edtech in India, the fastest-growing major economy.'