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Stock Report
MT Educare Limited announces financial results for period ended Dec 31, 2020
Posted On : 2021-02-02 21:07:44( TIMEZONE : IST )
MT Educare Limited (MTEL), a leading Education support and coaching services provider in India announced its unaudited standalone and consolidated financial results for the nine-months period ended 31st December, 2020.
MTEL (at Consolidated Level)
The company in nine-months ended 31st December 2020 posted Total Revenues at Rs.100.19 Crs (Including Other Income) as compared to Rs. 202.37 Crs (Including Other Income) in nine-months ended 31st December 2019.
The company in nine-month FY21 posted EBITDA of 35.48 Cr as compared to Rs. 67.19 Cr in nine-months FY20.
The company in nine-month FY21 posted PAT of (Rs. 0.82 Cr) as compared to Rs. 13.09 Cr in nine-months FY20.
MTEL (at Standalone Level)
The company in nine-months FY21 posted Total Revenues at Rs.63.07 Crs (Including Other Income) as compared to Rs. 147.41 Crs (Including Other Income) in nine-months FY20.
The company in nine-months FY21 posted EBITDA of 15.58 Cr. as compared to Rs. 49.85 Cr in nine-months FY20.
The company in nine-months FY21 posted PAT of (Rs. 10.75 Cr) as compared to Rs. 4.69 Cr in nine-months 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. 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 traditionally in line with our business cycle the third quarter always remain sluggish in comparison to Quarter 1 and Quarter 2.
Shares of MT EDUCARE LTD. was last trading in BSE at Rs.8.71 as compared to the previous close of Rs. 9. The total number of shares traded during the day was 19876 in over 115 trades.
The stock hit an intraday high of Rs. 9.35 and intraday low of 8.6. The net turnover during the day was Rs. 175884.
