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No place for Byju Raveendran in latest Hurun India Rich List 2023 after recent rout
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₹4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal. The losses in the 2020-21 fiscal widened from ₹231.69 crore in 2019-20.
Revenues during FY21 dropped to ₹2,428 crore from ₹2,511 crore in FY20. But in the fiscal ending March 31, 2022, the company had announced increase of revenue by four-fold to ₹10,000 crore.
However, it did not reveal profit or loss numbers for that year. Earlier this month, Byju's announced that they have set the target to become profitable by March 2024 on account of consolidation and restructuring of the organisation and settlement on USD 1.2 billion loan, news agency PTI had reported.
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