Byju’s set to release FY21 financial report, sales may see significant drop

After nearly 18 months delay of “ironing out the complexities”, edtech major Byju’s is all set to reveal its financial report for FY21 on Wednesday, according to reliable sources.

Facing intense scrutiny from the government over the long delay, the company had received an ‘unqualified’ report from auditor Deloitte late last month.

According to sources, there is going to be a substantial difference between the projected sales and the audited revenue in Byju’s FY21 financial results.

Last valued at $22 billion, the edtech company faced larger scrutiny from the government as it failed to submit its audited financial report.