Zee Learn Limited, India's leading Education company and Most Trusted Diversified Education Brand*, today reported its Q1 FY19 financial results.
Financial Highlights for Q1FY19:
- Consol Revenue at Rs. 113 Cr; up by 67 % over Q1FY18
- Consol EBITDA at Rs. 42; up by 62 % over Q1FY18
- Consol PBT at Rs. 34 Cr; up by 77 % over Q1FY18
- Consol PAT at Rs. 24 Cr; up by 87 % over Q1FY18
The Consolidated Revenue was up by 67 % and the Consolidated PAT was up by 87 % in Q1 FY19 over Q1 FY18.
After successful acquisition of majority stake in MT Educare Ltd., Company has consolidated MT Educare Ltd w.e.f. 26th May 2018 in its results. Company's EBITDA margin on standalone operations improved to 42.3 % in Q1FY19 from 36.5 % during Q1 FY18.
Commenting on the business performance, Mr. Debshankar Mukhopadhyay, CEO, Zee Learn Ltd said, "Disciplined execution, accelerating growth and strong leadership helped us to increase our margins during the quarter. While we made strategic investment to leverage the opportunities in the education sector, our persistent focus on operational efficiencies of newly acquired business of MT Educare Ltd will continue. This has been successfully reflected in consolidated Q1FY19 results of Zee Learn Ltd."
Mr Mukhopadhyay further added, "Our business verticals maintained their growth momentum during the quarter and we are positioned for significant growth during the year. Our contextual knowledge, full spectrum capabilities and investments in research and innovation are the bedrock of our discontinuous growth and transformation initiatives."
Commenting on the Results, Mr. Umesh Pradhan, CFO, said "During the quarter ended June 30 2018, your company completed the Open offer for equity shares of MT Educare Ltd to the extent of 14.96 %. With this, Zee Learn Ltd now holds 59.49 % in MT Educare Ltd and we started the new fiscal year on a strong note by entering the Tutorial and Test prep sector through this acquisition."
Mr Pradhan further added, "Operating efficiencies improvement continues to be our key focus and we are confident of achieving strong full year FY19 performance along with MT Educare Ltd. This will maximize the value for our shareholders."
Shares of ZEE LEARN LTD. was last trading in BSE at Rs.36.9 as compared to the previous close of Rs. 37. The total number of shares traded during the day was 22345 in over 114 trades.
The stock hit an intraday high of Rs. 37.25 and intraday low of 36.45. The net turnover during the day was Rs. 825698.