Edtech major BYJU’S has finally received an ‘unqualified’ financial report for the year ended March 31, 2021, after a delay of more than 17 months and increasing speculation around the company’s overall financial health.
Confirming yesterday’s (August 29) media reports, sources told IANS that the edtech behemoth will hold a board meeting soon before releasing the audited financial statements for fiscal year 2020. According to reports, BYJU’S will most likely announce the results on September 6. For the uninitiated, a ‘unqualified’ financial report is one that does not include any commentary from the company. As a result, it only consists of an objective analysis of the said company’s financials. An ‘unqualified’ report is most likely a strategy for BYJU’s to quell reports of poor financial performance in FY21.
