BYJU’s FY21 financials will be released tomorrow; audited revenue may be lower than expected

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Edtech major BYJU’S is set to release its financial statements for the fiscal year ended March 31, 2021, on Wednesday (September 14), after a more than 18-month delay.

The edtech was supposed to release the statements today (September 13), but it has been delayed by one day. The news comes after media reports suggested that the edtech giant’s audited revenue may be lower than previously estimated. BYJU’S reported a net profit of INR 51 Cr and revenue of INR 2,434 Cr in its most recent financial statement for FY20. According to media reports, there is a significant gap between projected and audited revenue.

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BYJU’s FY21 financials will be released tomorrow; audited revenue may be lower than expected

Edtech major BYJU’S is set to release its financial statements for the fiscal year ended March 31, 2021, on Wednesday (September 14), after a more than 18-month delay.

The edtech was supposed to release the statements today (September 13), but it has been delayed by one day. The news comes after media reports suggested that the edtech giant’s audited revenue may be lower than previously estimated. BYJU’S reported a net profit of INR 51 Cr and revenue of INR 2,434 Cr in its most recent financial statement for FY20. According to media reports, there is a significant gap between projected and audited revenue.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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