Byju’s-owned Aakash Institute reports 82% rise in FY22 profit to Rs 79.5 crore

In its first full year of operations as a Byju’s-owned company, test-prep business Aakash Institute reported an 82% rise in total profit to Rs 79.5 crore for the financial year ended March 2022.

Operating revenue during the period grew 45% to Rs 1,421 crore, as per the company’s filings with the Ministry of Corporate Affairs on Saturday accessed by Tofler. It has not yet filed its FY23 numbers.