Press Releases2014

Jul 24, 2014
Zee Learn Limited declares its Q1 results for FY15

Zee Learn Limited, a leading player in core education, reported 11 % growth in its topline for the quarter ended June 30, 2014. Net revenue from operations for the Q1 FY2015 stood at INR 3,792.62 Lacs vis-a-vis Rs. 3,352.34 Lacs for Q1 FY2014.

Highlights:

  • Growth in net sales up by  11% over same quarter last year
  • Impressive improvement in operational EBITDA by 97% over same quarter last year
  • Operational Net profits up by 156% over same quarter last year (excluding onetime other income of Rs. 185.61 lacs included in Q1 FY14)

Business Outlook:

The outlook for the company looks strong given the accelerating pace of signups for new Kidzee pre-schools and Mount Litera Zee Schools, good growth in enrolments, and improvement in operational efficiencies. The company continues to drive penetration of its brands in existing geographies and expand into new markets.

Management Comments:

Commenting on the performance, K.V.S. Seshasai, CEO, Zee Learn Ltd said, “Zee Learn continues to show strong improvement in the operational performance of its pre-school brand Kidzee and the K-12 brand Mount Litera Zee schools. Kidzee the largest chain of pre-schools in the country, has registered a 36% growth in enrolments over the same quarter last year, while enrolments in Mount Litera Zee Schools grew by 148% over the same quarter last year. We have also rationalised our Braincafe and Youth businesses which has resulted in improved profitability for the company."

« Back