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Stock Report
MT Educare Limited announces results for half year ended Sep 30, 2020
Posted On : 2020-12-15 19:45:50( TIMEZONE : IST )
MT Educare Limited (MTEL), a leading Education support and coaching services provider in India announced its unaudited consolidated financial results for the Half Year ended 30th Sep, 2020.
MTEL (at Consolidated Level)
The company in H1 FY21 posted Total Revenues at Rs.73.46 Crs (Including Other Income) as compared to Rs. 143.46 Crs (Including Other Income) in H1 FY20.
The company in H1 FY21 posted EBITDA of 24.24 Cr as compared to Rs. 45.16 Cr in H1 FY20.
The company in H1 FY21 posted PAT of (Rs. 1.83 Cr) as compared to Rs. 9.31 Cr in H1 FY20.
MTEL (at Standalone Level)
The company in H1 FY21 posted Total Revenues at Rs.42.01 Crs (Including Other Income) as compared to Rs. 101.10 Crs (Including Other Income) in H1 FY20.
The company in H1 FY21 posted EBITDA of 9.33 Cr. as compared to Rs. 31.81 Cr in H1 FY20.
The company in H1 FY21 posted PAT of (Rs. 8.26 Cr) as compared to Rs. 2.34 Cr in H1 FY20.
Mr. Arun K. Khetan, CEO, said, the Post COVID lockdown due to the Pandemic COVID-19 in March 2020 & the overall impact it caused into the yearly education cycle of our target group of customers including the economic impact on their earning has majorly disrupted our conventional coaching operations this year & accordingly affected our business and cash flow during this period, which almost got standstill during this lockdown with still no clear visibility ahead. This has created new set of challenges for us, as exams/declaration of results etc. etc. all got delayed Impacting the academic operation cycle significantly for this year so far. Further it also affected the batches of 'Lakshya Prep High School & Junior Colleges' across Mumbai & MMR, which are academically supported by us and due to delay in the online admission(s) because of sudden lockdown, a sizeable chunk of our Science enrolments got postponed. Apart from the above, the revenue which was expected from the Government Project during this period has also got impacted and hence could not been materialized at all.
Shares of MT EDUCARE LTD. was last trading in BSE at Rs.11.4 as compared to the previous close of Rs. 11.23. The total number of shares traded during the day was 7946 in over 80 trades.
The stock hit an intraday high of Rs. 11.71 and intraday low of 11.25. The net turnover during the day was Rs. 90540.
