Zee Learn net profit jumps 81% in December quarter

Zee Learn continued its growth momentum in the third quarter ended December, reporting an 81% year-on-year growth in profit after tax (PAT) at Rs 13.9 crore. The company's consolidated profit before tax at Rs 18 crore increased by 59% over the year-ago period.

Ajey Kumar, managing director, Zee Learn Ltd (ZLL), said this has been an excellent quarter in terms of revenue and margins growth. "The efforts we have made in building new initiatives have resulted in very healthy Ebitda (earnings before interest, tax, depreciation and amortisation) and PAT margins. We remain focused on driving rigour in our operations, generating strong cash flows and steering profitability to an even higher range. The MT Educare synergies are on track and that is reflected in the results," he said.

ZLL's consolidated revenue at Rs 112.7 crore rose 116% compared to the same period last year. The company's Ebitda at Rs 30 crore was up 67% over the last year.

Debshankar Mukhopadhyay, chief executive officer, ZLL, said the company is approaching the fourth quarter by recording growth on all parameters during the nine months and thereby setting up a solid platform for the final quarter of fiscal 2019. "MT Educare, our acquired entity is showing steady improvement in margins and growth on topline. We have built a leadership position in the businesses in which we operate and we shall continue to do so," he said.