Zee Learn Limited reports profit this Quarter
·
Notable
growth in Income from Operation by 44% in corresponding QoQ
·
Impressive
improvement in operational EBITDA by Rs. 569 Lacs in corresponding QoQ
Mumbai, August 7, 2013: Zee Learn Limited, a leading player
in core education, today announced its financial results Standalone Q1 FY14.
(Figures in Rs Lacs)
|
Particulars
|
Q1 FY14
|
Q1 FY13
|
Change
|
Q4 FY13
|
Change
|
|
Sales
|
3,352
|
2,334
|
1,018
|
3,643
|
(291)
|
|
Operational EBITDA
|
411
|
(158)
|
569
|
(214)
|
625
|
|
Other Income
|
222*
|
39
|
183
|
(56)
|
278
|
|
Reported EBITDA
|
633
|
(119)
|
752
|
(270)
|
903
|
|
Finance Cost
|
155
|
108
|
47
|
153
|
2
|
|
Depreciation
|
153
|
109
|
44
|
180
|
(27)
|
|
PBT
|
325
|
(336)
|
661
|
(603)
|
928
|
|
PAT
|
325
|
(336)
|
661
|
(735)
|
1,060
|
* It includes Rs.
186 Lacs exchange gain on realization of
GDR issue proceeds
Management Comments
Commenting on the
performance, Navneet Anhal, CEO, Zee Learn Ltd said “The improved financial
performance is a result of all brands in the Zee Learn bouquet performing well
due to improved efficiencies. Our investments in each of the brands are
continuing to payoff. This year Kidzee has registered almost 25% growth in the
number of operational centres (192 new centre added) significantly expanding
our footprint in the country. Also, we have witnessed growth of 37 % in
enrollments in our MLZS schools wherein average enrollments has moved upto 292 students in Q1 FY14 vis-à-vis 213 students in Q1FY13 largely on account
of better academic content and its delivery model. Zee Learn’s school solution
program ‘BrainCafe’ which has undergone business model change last year
pre-empting the change in dynamics of school solutions, is also showing signs
of acceptance across schools. Our offerings of educational content to ZeeQ are getting
amazing responses from parents and industry alike.”
Business Strategy and Outlook
The outlook for the
Education business remains positive despite overall challenges in the Indian
economy. The Company also sees good momentum in MLZS and Kidzee, overwhelming
positive response in ZeeQ, India’s First Edutainment Channel for kids wherein
Zee Learn provides content to the channel and huge potential in its newly
revamped Braincafe School Solutions.
Awards
and Recognisation
•
Zee Learn Ltd won the award for Excellence in Content Development at
Global e-Learning awards on 28th June, 2013
•
ZeeQ won 2 awards at the Indian Telly Awards 2013 held in Mumbai on
4th May 2013
›
Best TV Channel Packaging for the Life Skills Indent
›
Best Edutainment/Knowledge based show for Teenovation
•
ZeeQ won the award at the 2nd World Children Expo held in Gurgaon on
17th May 2013
›
"Best TV Channel – Edutainment"
Significant
Business Highlights
Global Depository Receipts
The Company launched its first Global
Depository Receipts (GDR) for value of USD 19.99 Million which were subscribed
by overseas investors on May 21, 2013. The GDR issue was fully subscribed and
the Company allotted 56, 17,977 GDRs at a price of US$ 3.56 per GDR. Each GDR
represents 10 (ten) underlying equity shares in the Company and the GDRs are
listed on the Luxembourg Stock Exchange.
About
Zee Learn Limited
Zee Learn Limited is the educational division of Essel Group. Listed on National Stock
Exchange (NSE) & Bombay Stock Exchange (BSE), it is one of the leading
education companies in India. As a significant player in Core Education, Zee
Learn is set to ride on an increasing demand for quality education and
development with the fastest growing chain of preschools & K-12 schools.
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additional information, please contact:
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