On August 7, Zee Learn Limited,a leading player in core education,announced its financial results standalone Q1 FY14, a quick summary of which is outlinedin the table below:
(Figures in Rs Lacs)
Particularts
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
(199)
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 includesRs. 186 Lacsexchange gain on realization of GDR issue proceeds
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 percent 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 June 28, 2013
ZeeQ won 2 awards at the Indian Telly Awards 2013 held in Mumbai on May 4, 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 May 17, 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 and K-12 schools.
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