With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks

Raising hopes for the subsequent year, 2021-22, the company disclosed unaudited results that show nearly Rs 10,000 crore in gross revenues

Byju’s, the education technology company that is India’s most-valued start-up, said on Wednesday that it had earned Rs 2,428 crore in revenues in the financial year 2020-21 (FY21) and incurred a loss of Rs 4,588 crore. The revenues are 3 per cent lower than the figure in the previous year — a dampener because start-ups are judged on growth and expansion — and the loss has vaulted 15 times from Rs 300 crore in 2019-20.

The results have been a subject of intense scrutiny, coming 18 months after the period of coverage ended in March 2021 and prompting the Ministry