Zee Learn Ltd Consolidated Revenue & PBT zooms by 44% and 146% respectively in Q1 FY18

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·           Consolidated Revenue for Q1 FY18 at Rs.669 Mn up by 44% from Rs.465 Mn

·           Consolidated Operating EBITDA for Q1 FY18 at Rs.251 Mn up by 57% from Rs.160 Mn

·           Consolidated PBT for Q1 FY18 at Rs.193 Mn up by 146% from Rs.78 Mn

·           Consolidated PAT for Q1 FY18 at Rs.128 Mn up by 91% from Rs.67 Mn

INVC NEWS
Chandigarh,

Zee Learn Limited, India’s leading Education company and India’s Most Trusted Diversified Education Brand*, today reported its Standalone and Consolidated Q1 FY18 financial results. The company delivered healthy topline growth and improved its margins by leveraging its business model.

Commenting on the financial results, Mr Debshankar Mukhopadhyay, CEO, Zee Learn Ltd, “The quarter saw the economy gradually settling down as the process of demonetization moved towards completion. The company has shown consistent performance, riding on the positive sentiment in the economy. Building on the momentum that we generated over last few quarters, we have delivered revenues in line with our guidance.

We are happy to report robust, all-round Q1 FY18 performance. We took a number of actions in the quarter towards upgrading our services, cognitive intelligence, delivering value and we are pleased  to  see  that  our  disciplined  focus  on  driving  profitable  growth  has  delivered the desired impact. The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to deliver it. We continue to expand the reach of our product offering to harness efficiency and gains. Going forward, we will continue to drive the strategic pillars of product innovation, value, customer experience, technology and cost efficiencies. There being no adverse impact of GST on Education Sector, we are totally geared up to be a part of the greatest tax reform-GST.”

Consequent to notification by the Central Government on the Companies (Indian Accounting Standard) Rules, 2015 (Ind-AS) under Section 133 of the Companies Act, 2013, for the first time the Company has adopted the Ind-AS beginning from April 01, 2017. The Standalone and Consolidated financial results for the quarter ended June 30, 2017 are prepared in accordance with the Ind-AS and the comparative financial results for the quarter ended June 30, 2016 under the earlier Indian GAAP have been re-stated in accordance with Ind-AS.

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