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The Essel group’s education company Zee Learn Limited reported profit after tax (PAT) in FY-2015 as well as across all the four quarters of fiscal 2014-15 (AY-2015-16).
Additionally, the company has also added more than 500 pre-school franchisee partners in FY-2015.
For the current year, the company reported PAT of Rs 9.62 crore (7.9 per cent of Total Income from operations or TIO) as compared to a loss of Rs 1.33 crore in FY-2014. For Q4-2015, the company reported a PAT of Rs 3.81 crore 9.2 per cent of TIO) as compared to a loss of Rs 1.73 crore in Q4-2014 and more than three times (3.48 ties) the PAT of Rs 1.09 crore in the immediate trailing quarter.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
The company’s TIO in FY-2015 at Rs 121.58 crore was two per cent more than the Rs 119.18 crore in FY-2014. TIO in Q4-2015 was 6.8 per cent more at Rs 41.69 crore than the Rs 39.04 crore in Q4-2014 and was more than double (2.1 times) the TIO of Rs 19.84 crore in Q3-2015.
Zee Learn COO K V S Seshasai said, “The company has shown significant profit after tax, both for current quarter and for the 12 month period. The improved performance is the result of increase in enrolments in Kidzee centres by 18 per cent and by 38 per cent in MLZS during FY-2015 vis-à-vis FY-2014. For the first time, the company has added more than 500 pre-school franchisee partners. Our top line looks muted on account of transferring the operations of servicing educational content of television channel ZeeQ to its group company, Zee Entertainment Enterprises Limited, and due to planned de-growth in non-core businesses.”
http://www.indiantelevision.com/television/tv-channels/kids/fy-2015-zee-learn-reports-profit-adds-500-franchisee-partners-150527
Additionally, the company has also added more than 500 pre-school franchisee partners in FY-2015.
For the current year, the company reported PAT of Rs 9.62 crore (7.9 per cent of Total Income from operations or TIO) as compared to a loss of Rs 1.33 crore in FY-2014. For Q4-2015, the company reported a PAT of Rs 3.81 crore 9.2 per cent of TIO) as compared to a loss of Rs 1.73 crore in Q4-2014 and more than three times (3.48 ties) the PAT of Rs 1.09 crore in the immediate trailing quarter.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
The company’s TIO in FY-2015 at Rs 121.58 crore was two per cent more than the Rs 119.18 crore in FY-2014. TIO in Q4-2015 was 6.8 per cent more at Rs 41.69 crore than the Rs 39.04 crore in Q4-2014 and was more than double (2.1 times) the TIO of Rs 19.84 crore in Q3-2015.
Zee Learn COO K V S Seshasai said, “The company has shown significant profit after tax, both for current quarter and for the 12 month period. The improved performance is the result of increase in enrolments in Kidzee centres by 18 per cent and by 38 per cent in MLZS during FY-2015 vis-à-vis FY-2014. For the first time, the company has added more than 500 pre-school franchisee partners. Our top line looks muted on account of transferring the operations of servicing educational content of television channel ZeeQ to its group company, Zee Entertainment Enterprises Limited, and due to planned de-growth in non-core businesses.”
http://www.indiantelevision.com/television/tv-channels/kids/fy-2015-zee-learn-reports-profit-adds-500-franchisee-partners-150527
