Press Releases2017Jan 18, 2017
Zee Learn Ltd Q3 FY17 & 9M FY17 PAT zooms to nearly 3 times
Zee Learn Limited, India's leading Education company and India's Most Trusted Diversified Education Brand*, today reported its Q3 FY17 unaudited results which surpassed company's best results since inception for this period. The company has delivered yet another stellar quarterly performance on back of improvement in the operating margins and top-line growth, which has set the company on course for a highly successful FY17. The Company's reported PAT as percentage of Topline reached a record 23.9% Q3 FY17 versus 10.2% in Q3 FY16. The company's PBT at Rs. 639.62 Lakhs for Q3 FY17 increased by 2.82 times over the Q3 FY16. The company's PBT at Rs. 2,421.82 Lakhs in 9M FY17 is 3.32 times over 9M FY16. The Company's interest outflow has also started declining in Q3 FY17 over Q3 FY16.
Commenting on the financial results, Mr Debshankar Mukhopadhyay, CEO, Zee Learn Ltd said, "The performance for Q3 has exceeded our expectations inspite of Q3 traditionally being a weak quarter seasonally and we anticipate that this good performance will continue for our pre-school brand (Kidzee) and the K-12 brand (Mount Litera). The Company is constantly working to further improve on its EBITDA margins and enjoys a high operating leverage. We remain committed and confident on leveraging our resources and processes across all the business verticals to deliver desired outcomes. Our strategy at the beginning of the year was to focus all our efforts and investments into preschools and K-12 schools, and it has delivered us very encouraging results. We will continue to focus on scaling up our core business operations."