Zee Learn Q3 net jumps 256%
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
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.
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.