After a delay of more than a year, edtech major Byju's will present its financial results for the period ending in March 2022 this week.

The embattled edtech major claimed that an audit of all group units had been completed. The audited financials are anticipated to be incorporated into Parent Think & Learn Pvt Ltd's consolidated results this week.

The company had previously announced that it would disclose the audited FY22 results to its advisory council, board, and investors such Peak XV Partners and Prosus in the second week of October.

On the board advisory council for Byju are former Infosys CFO Mohandas Pai and former SBI Chairman Rajnish Kumar. They joined the council on July 13 to provide guidance to the edtech business over the make-up of its board and governance framework.

The edtech company has nearly missed the deadline by which it was required by law to submit its FY22 financial results to the Registrar of Companies. Deloitte's resignation as the company's auditor occurred earlier this year as a result of the delays, which attracted regulatory attention. The financial figures for the period ending in March 2023 have not yet been disclosed by Byju's.

Investors and bankers who provided the company with a $1.2 billion term loan have also expressed serious concerns about the delay. Byju's has fallen behind on a $1.2 billion term loan payment and is working with its creditors to make up the difference.

Additionally, the business is attempting to sell its group assets, including Epic and Great Learning.

The edtech major has set the goal of turning a profit by March 2004 despite a number of challenges. The organization's consolidation, restructuring, and repayment of a $1.2 billion loan served as the foundation for setting the goal.

Notably, the business is trying to cut costs by reducing its employees. By eliminating position duplication throughout the company, Byju's has taken steps to cut its personnel by around 3,000–3,500 this month.

Byju's FY21 figures, which were filed with an 18-month delay, revealed readjusted revenue of Rs 2,280 crore and a loss of Rs 4,588 crore.