Byju's Earnings FY20
Byju's Earnings FY20 India’s most valuable education tech startup Byju’s has seen profit more than double to Rs. 50.76 crores in Financial Year 2020. It reported standalone income from operations Rs. 2,110 crores. It received from its three major business operations such as Tuition fees (Rs. 144 crores), sales of education tablets, and SD cards (Rs. 1,675 crores), and sale of reference books (Rs. 560 crores). On a standalone basis, the company reported a net profit of Rs. 20.16 crores and Rs. 1,281 crores in operations revenue in FY19. On a consolidated basis, the revenue gained over 82% to Rs. 2,380.70 crores in FY20 as compared to Rs. 1,306 crores in FY19. In the fiscal, the company has reported Rs. 255.39 crores as employee benefits expenses. Now, it increased to Rs. 322.81 crores in FY20. Read the Full Article at Business News