BREAKING NEWS - BYJUs Financial Statement Reveals Losses of ₹ 4580 Crores | Neeraj Arora
Published at : September 17, 2022
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BREAKING NEWS - BYJUs Financial Statement Reveals Losses of ₹ 4580 Crores | Neeraj Arora
Think & Learn Pvt Ltd, which runs the edtech firm Byju’s, said its revenue from operations for the financial year ending March 2021 has been readjusted to Rs 2,280 crore even as the company incurred massive losses of Rs 4,588 crore, up from just Rs 262 crore in the previous fiscal.
This is a significant drop of around 40% from what was earlier projected (roughly Rs 4,400 crore by the company). ET first reported about the difference in the unaudited revenue and what has finally been signed off by the startup’s auditor Deloitte in its September 12 edition.
We said that over the past week, Raveendran had been briefing the company’s shareholders about the discrepancies attributing those to business model changes due to the Covid-19 pandemic.
Read more at:
https://economictimes.indiatimes.com/tech/startups/byjus-readjusts-revenue-for-fy21-to-rs-2280-crore-losses-swell-to-rs-4588-crore/articleshow/94198872.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
https://economictimes.indiatimes.com/tech/startups/byjus-readjusts-revenue-for-fy21-to-rs-2280-crore-losses-swell-to-rs-4588-crore/articleshow/94198872.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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📣 Use Code- LAUNCH25 to get 25% discount on all courses.
🛒 Checkout- www.learnpersonalfinance.in
Learn-
📍Basics of Stock Market
📍Personal Finance
📍Mutual Fund
📍Fundamental Analysis
📍Value Investing
BREAKING NEWS - BYJUs Financial Statement Reveals Losses of ₹ 4580 Crores | Neeraj Arora
Think & Learn Pvt Ltd, which runs the edtech firm Byju’s, said its revenue from operations for the financial year ending March 2021 has been readjusted to Rs 2,280 crore even as the company incurred massive losses of Rs 4,588 crore, up from just Rs 262 crore in the previous fiscal.
This is a significant drop of around 40% from what was earlier projected (roughly Rs 4,400 crore by the company). ET first reported about the difference in the unaudited revenue and what has finally been signed off by the startup’s auditor Deloitte in its September 12 edition.
We said that over the past week, Raveendran had been briefing the company’s shareholders about the discrepancies attributing those to business model changes due to the Covid-19 pandemic.
Read more at:
https://economictimes.indiatimes.com/tech/startups/byjus-readjusts-revenue-for-fy21-to-rs-2280-crore-losses-swell-to-rs-4588-crore/articleshow/94198872.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
https://economictimes.indiatimes.com/tech/startups/byjus-readjusts-revenue-for-fy21-to-rs-2280-crore-losses-swell-to-rs-4588-crore/articleshow/94198872.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Do watch the complete video & share it with your friends also.
And if you are looking for classes, then do visit www.edu91.org
What all EDU91 is offering with the classes?
📍Unit Tests & Mock Tests with detailed evaluation
📍Live Doubt Sessions
📍Study Guidance
📍Extra MCQs for practice
📍Live MCQ test
📍Special sessions on Investing
📍Writing Practice Sessions
📍Session on Presentation tips
📍Complete Mentorship
📍Career Counselling
📍Community Support
📍Motivation Sessions
& much more
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