[What The Financials] Vedantu's Losses Spike To INR 158 Cr, Spent INR 8 To Earn A Rupee
India, Feb. 24 -- Bengaluru-based online tutoring giant Vedantu has reported a 6x increase in its losses to INR 158.5 Cr while its revenue stood at INR 35.8 Cr in the financial year that ended in March 2020. The company spent about INR 194.3 Cr to earn an operating revenue of INR 24.6 Cr in FY20.
Going by these numbers, Vedantu spent almost INR 8 to earn a rupee in FY20, a spike from about INR 4 it had spent in FY19 (Expenses divided by operating revenue). The edtech giant had earned INR 10.44 Cr through its operations the previous year (FY19) while its expenses amounted to INR 39.4 Cr.
The operating revenue of INR 24.6 Cr made up about 69% of Vedantu's total revenue in FY20; the rest, INR 11.2 Cr, came from returns on fixed deposits an...
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