Byju’s-owned Aakash Educational’s FY22 net up 82% at Rs 79.5 crore

Byju’s-owned test-prep subsidiary Aakash Educational Services Limited (AESL)’s revenue grew 44.6 per cent to Rs 1,421 crore in FY22 from Rs 983 crore in FY21, according to regulatory documents sourced from business intelligence platform Tofler. The company’s net profit increased 82.2 per cent year-on-year (Y-oY) to Rs 79.5 crore in FY22.

Aakash has been the best-performing acquisition of the edtech giant at a time when Byju’s has been facing a multitude of challenges, including massive losses, issues in securing fresh capital, delays in financial reporting, and legal disputes with lenders.