BYJU’S reduces loss to Rs 8.82 crore in FY19; revenue up at Rs 1,305.92 crore

New Delhi: Online education startup BYJU’S has reduced its loss to Rs 8.82 crore, while registering manifold in revenue from operations, according to regulatory documents.

Think & Learn Pvt Ltd, the entity that runs BYJU’S, reduced its loss to Rs 8.82 crore in the fiscal ended March 2019 from a loss of Rs 37.15 crore in FY18, documents sourced by Paper.vc showed.

Revenue from operations also increased to Rs 1,305.92 crore in FY19 from Rs 471.18 crore in FY18, it added.

Its total income increased to Rs 1,366.98 crore in FY19 from Rs 500.21 crore in the previous financial year, the document showed.

In a statement, BYJU’S said its net revenue increased from Rs 490 crore in FY17-18 to Rs 1,341 crore with a net profit of Rs 20 crore in FY18-19.