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Revenue isn't really a metric to judge, they could be losing 2x than what they sold, don't believe the media narrative till the P&L numbers are out
What's surprising is:
- 6500 Cr is pretty huge number in customer volumes irrespective of how much money you put, considering the current scenario of Byjus
- 23% higher than FY22: doesn't rhyme with the valuation
Could be true. All their acquisitions should be bringing in money as well.
Yes, they've had bad acquisitions, and the big losses were accounting those acquisitions as well.
The fraud is that even after 10 months since fy23 ended, they haven’t been able to publish their results. For context, listed companies need to publish the result of their previous quarter with in 60-75 days of the quarter end. And then they do selective leaks which paid media picks up and publishes. What’s the point of talking about revenue without corresponding loss Byjus is 10x worse than Ashneer chor and I can’t wait for the day when he is behind the bars
Isn't this an year old news? FY23 news in FY24 end??
This year will be 1/10 of these numbers
This is a vanity metric - looks good but is of no use and illusional
If they spend 4X to make X. It doesn’t matter