Aakash’s profit increased by 17 percent to 82 id 340730 – StartUp News

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Byju’s-owned Aakash Educational Services Ltd’s operating revenue grew by 44.56 per cent to Rs 1,421 crore in FY22 from Rs 983 crore in FY21. This information was received from business intelligence platform Tofler. There was a per cent increase in profit during FY22.

The company earned a profit of Rs 79.5 crore in FY22, which was Rs 43.6 crore before. The company’s total income stood at Rs 1,464 crore in FY22, which is 39.45 per cent higher than Rs 1,050 crore a year ago.

Aakash has been the best-performing acquisition for the edtech giant at a time when Byju’s is facing a number of challenges, including huge losses, difficulty in raising fresh capital, delays in financial reporting and legal disputes with creditors. Is.

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First Published – January 15, 2024 | 11:17 PM IST

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