Zee Learn Q3 net jumps 256%

Education company Zee Learn Ltd (ZLL) has reported a 256% jump in consolidated profit after tax (PAT) for the December quarter. The company’s PAT stood at Rs 7.7 crore in the third quarter as compared to Rs 2.2 crore in the same period last year.

Debshankar Mukhopadhyay, chief executive officer, ZLL, said, “Beyond the quarterly numbers, we continue to focus on the execution of our strategy of maximising the network strength. We acknowledge on-ground efforts of our business partners for strengthening our brands and for their continuous support and confidence in us. We shall remain focused on developing and offering a differentiated, digitised and specialty product basket which will further strengthen our brands and benefit the business partners and students/parents in our network.”

Profit before tax (PBT) soared 224% to Rs 11.5 crore while operating revenues increased 72% on year to Rs 52.2 crore.  Operating Ebitda (earnings before interest, tax, depreciation and amortisation) stood at to Rs 18 crore as compared to Rs 10.1 crore a year ago.

Umesh Pradhan, chief financial officer, said, “We have registered quarter-on-quarter growth of 20% in revenues from educational services, leveraging on our widely spread network across India. The operating Ebitda and PBT from educational services for the nine months of fiscal 2018 have improved by 62% and 90%, respectively, over the same period last year. This is significant growth for any business to have in its core area and the company is constantly showing the growth trend during last six-seven quarters.”

In nine months of fiscal 2018, ZLL signed 238 new Kidzee Pre Schools and 11 Mount Litera Zee K12 Schools, thus expanding its network to over 650 cities in India.