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Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year

Deeper penetration across India and significant growth in the number of paid subscribers have been the primary drivers of growth

BYJU's founder and Chief Executive Officer Byju Raveendran
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BYJU's founder and Chief Executive Officer Byju Raveendran

Peerzada Abrar Bengaluru
Edtech company Byju’s on Tuesday said that it is on target to double its revenue to Rs 3000 crore in the current financial year. The Bengaluru-based firm, which provides learning app for school students, announced its audited financial results for the year ending March 31, 2019. The company increased its net revenue from Rs 490 crore in FY18 to Rs 1341 crore with a net profit of Rs 20 crore in FY19. The gross revenue increased from Rs 520 crore to Rs 1480 crore. 

Deeper penetration across India and significant growth in the number of paid subscribers have been the
Topics : Byju's