India's most valuable edtech startup Byju's profit grows over two-folds in FY20

Byju's, has seen profit more than double to Rs 50.76 crore in FY20 with the sale of tablets, SD cards and books getting it the bulk of its revenues.

Byju's standalone income from operations of Rs 2,110 crore came from three major businesses - tuition fee (Rs 144 crore), sale of education tablets and SD cards (Rs 1,675 crore) and sale of reference books (Rs 560 crore).

The company is yet to submit documents to the Registrar of Companies (RoC) for its financial numbers for FY21. Byju's (Think & Learn Pvt Ltd) had logged net profit (standalone basis) of Rs 20.16 crore and Rs 1,281 crore in operational revenue in FY19, according to documents accessed by business intelligence platform Tofler.

On a consolidated basis, revenue grew over 82 per cent to Rs 2,380.7 crore in FY20 over Rs 1,306 crore in 2018-19. Byju's saw losses widening to about Rs 250 crore in FY20 from about Rs 9 crore as total expenditure more than doubled to Rs 3,021 crore in 2019-20 from Rs 1,376 crore in FY19.

She added that the company - which has been on an acquisition spree with the buyout of companies like Aakash Educational Services, Epic and Greal Learning - aims to clock Rs 10,000 crore in revenue in FY22. As per the documents, educational tablets and SD cards accounted for 63.24 per cent of the company's turnover in FY20, while sale of reference books contributed 26.51 per cent.

Educational tablets and SD cards contributed Rs 1,334.48 crore to the company's revenue from operations in 2019-20 - accounting for the largest chunk of Byju's revenues, followed by sale of reference books (Rs 559.4 crore) and sale of services (Rs 71.96 crore). Tuition fee contributed under 7 per cent of the revenue at Rs 144.17 crore during FY20.