BYJU’S garners Rs 10,000 cr in FY12 sales, to double the Raveendran development – Times of India

New Delhi: EdTech Head byju’s On Wednesday it disclosed its financial results for both FY12 and FY2011, with gross revenue of around Rs 10,000 crore in FY12 and Rs 2,428 crore for FY11.
IANS was the first to report on BYJU’s FY22 revenue for its FY22 financial results of Rs 9,991 crore.
The company said that there was significant business growth in FY11 as in FY11, but since “this is the first year where new revenue recognition began due to business model changes related to Covid, approximately 40 per cent of revenue will be retained for subsequent years”. has been postponed”.
“After six stressful months, we are finally relieved of the results. Our investors are pleased with the data. The past few months have been a great learning experience for us,” said the founder and CEO of the edtech platform. byju ravindran told IANS.
“From here on out, we will double the growth as our core business is booming. Both Aakash Institute And doing great learning excellent. Verticals that haven’t performed as well as Whitehat Junior will be further consolidated,” said Raveendran.
group companies sky And Great Learning has more than doubled its revenue since the acquisition.
Raveendran said that the offline expansion is also doing well and there is an overwhelming response at over 200 physical centres.
The company aims to increase this to 500 centers by the end of this year. In its FY21, BYJU reported Rs 2,428 crore as revenue and Rs 4,500 crore as net loss. According to the company, the reasonable growth between FY21 and FY20 is a result of changes made to BYJU’S in the way it recognizes its revenue, “as advised by its auditors”.
According to BYJU’s, its K-12 education business is seeing a boom. K-12’s business grew more than 150 percent in FY22.
Between April-July 2022, the company generated revenue of Rs 4,530 crore. Its other acquisitions, Osmo and Epic!, are growing rapidly in North America in terms of both adoption and engagement.
The company said that Tinker has become the largest coding community for kids globally.
The company remains a net renter with a strong employee base of over 50,000 globally.
BYJU’S said it plans to hire 10,000 more teachers in the coming year, increasing the number from 20,000 teachers currently.

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