Zee Learn Ltd Consolidated Revenue & PBT zooms by 44% and 146% respectively in Q1 FY18

Posted by: at 7/24/2017 05:12:00 am

·           Consolidated Revenue for Q1 FY18 at Rs.669 Mn up by 44% from Rs.465 Mn
·           Consolidated Operating EBITDA for Q1 FY18 at Rs.251 Mn up by 57% from Rs.160 Mn
·           Consolidated PBT for Q1 FY18 at Rs.193 Mn up by 146% from Rs.78 Mn
·           Consolidated PAT for Q1 FY18 at Rs.128 Mn up by 91% from Rs.67 Mn

Chandigarh, 24th July, 2017: Zee Learn Limited, India’s leading Education company and India’s Most Trusted Diversified Education Brand*, today reported its Standalone and Consolidated Q1 FY18 financial results. The company delivered healthy topline growth and improved its margins by leveraging its business model.

Commenting on the financial results, Mr Debshankar Mukhopadhyay, CEO, Zee Learn Ltd, “The quarter saw the economy gradually settling down as the process of demonetization moved towards completion. The company has shown consistent performance, riding on the positive sentiment in the economy. Building on the momentum that we generated over last few quarters, we have delivered revenues in line with our guidance.

We are happy to report robust, all-round Q1 FY18 performance. We took a number of actions in the quarter towards upgrading our services, cognitive intelligence, delivering value and we are pleased  to  see  that  our  disciplined  focus  on  driving  profitable  growth  has  delivered the desired impact. The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to deliver it. We continue to expand the reach of our product offering to harness efficiency and gains. Going forward, we will continue to drive the strategic pillars of product innovation, value, customer experience, technology and cost efficiencies. There being no adverse impact of GST on Education Sector, we are totally geared up to be a part of the greatest tax reform-GST.”

Consequent to notification by the Central Government on the Companies (Indian Accounting Standard) Rules, 2015 (Ind-AS) under Section 133 of the Companies Act, 2013, for the first time the Company has adopted the Ind-AS beginning from April 01, 2017. The Standalone and Consolidated financial results for the quarter ended June 30, 2017 are prepared in accordance with the Ind-AS and the comparative financial results for the quarter ended June 30, 2016 under the earlier Indian GAAP have been re-stated in accordance with Ind-AS.

Rs in Mn
 


Q1 2018 Financial Highlights:    (As per IND-AS)                
Particulars 
Standalone
Consolidated
YTD June'2017
YTD June'2016
Q by Q Growth
YTD June'2017
YTD June'2016
Q by Q Growth
Revenue from  Educational Services & related Activities
517
421
23%
517
421
23%
Revenue from Construction & Leasing Activity (For Education)
-
-

60
44
35%
Manpower Recruitment & Training Activity
-
-

93
-

  Total  Revenue 
517
421
23%
669
465
44%
Total Direct Expenses
130
105
23%
130
105
23%
Gross Margin
387
315
23%
540
359
50%
Gross Margin %
75%
75%

81%
77%

Personnel Cost
75
81
-8%
161
81
99%
Administrative Cost
62
57
10%
66
59
11%
Selling and Marketing Cost
62
59
4%
62
59
5%
  Total 
199
197
1%
289
200
45%
  EBITDA
189
118
60%
251
160
57%
  EBITDA %
37%
28%

37%
34%

Other Income
32
31
5%
13
7
94%
Interest Cost
33
39
-14%
42
57
-25%
Depreciation
8
17
-51%
28
32
-10%
PBT
179
93
93%
193
78
146%
PBT %
35%
22%

29%
17%

Tax
63
11
465%
65
11
477%
PAT
116
82
42%
128
67
91%
PAT %
22%
19%

19%
14%



Zee Learn Limited:
Zee Learn Limited is an Essel Group Company listed on National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and on Luxemburg Stock Exchange, and is India's leading company in education segment with the fastest growing chain of K-12 schools and Asia’s No 1 chain of pre-schools in its portfolio. The Company through its brand ‘Zee Institute of Media Arts’ (ZIMA), a TV and Film training institute, offers Certificate courses in Direction, Acting, Sound, Editing, Production and Cinematography. Another offering from the company, ‘Zee Institute of Creative Art’ (ZICA) is the nation's first full-fledged Classical and Digital Animation Training Academy that trains youth in classical 2D and modern 3D animation.
Recent Recognitions for Zee Learn:
1.      *Zee Learn Ltd is India’s “Most Trusted organization in Diversified Education” according to Trust Research Advisory (TRA) for two consecutive years.
2.      Zee Learn Ltd has been award with National Award for Marketing Excellence in Education Sector
3.       Kidzee has been rated the Most Trusted Preschool brand by Trust Research Advisory as also the “Most Attractive Brand” in the Preschool category by same organization.
4.       Kidzee was recently Awarded “Early Childhood Playschool Chain of the Year – National, 2016” at the Indian Education Awards.
5.       Mount Litera Zee School Awarded “K-12 School Chain of the year” at India Education Conclave 2015
6.       Kidzee Ranked among India’s Top 100 Business Opportunities by Franchise India in 2015
In 2015, Zee Learn Ltd was also conferred with “Make In India Award for Excellence”


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