Zee Learn Limited 9MFY20 – Consolidated EBITDA Zooms 43 Percent
Mumbai: The Board of Directors at its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Learn Limited (ZLL) and its subsidiaries for the quarter ended December 31, 2019.
Highlights of Consolidated 9MFY20 financial performance over 9MFY19:
Total Revenue at Rs. 441 cr in 9MFY20 – up by 18%
EBITDA at Rs. 151 cr in 9MFY20 – up by 43%
PBT at Rs. 92 cr in 9MFY20 – up by 26%
PAT at Rs. 67 cr in 9MFY20 – up by 29%
EBITDA as a % of Operating Revenue increases from 30 % in 9MFY19 to 37 % in 9MFY20
Highlights of Standalone 9MFY20 financial performance over 9MFY19:
Total Revenue at Rs. 160 cr in 9MFY20 – up by 16%
EBITDA at Rs. 78 cr in 9MFY20 – up by 40%
PBT at Rs. 70 cr in 9MFY20 – up by 35%
PAT at Rs. 52 cr in 9MFY20 – up by 40%
EBITDA as a % of Operating Revenue increases from 44 % in 9MFY19 to 54 % in 9MFY20
The Board of Directors at its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Learn Limited (ZLL) and its subsidiaries for the quarter ended December 31, 2019. For Q3 FY20, ZLL, at a consolidated level, reported Total Revenue of Rs 126.32 cr, EBITDA of Rs. 44.23 cr, PBT of Rs 22.35 cr and PAT of Rs 16.32 cr. The ZLL standalone EBITDA as a % of Operating Revenue increased from 44 % in Q3 FY19 to 52% in Q3 FY20 in a superlative performance.
Commenting on the business performance, Mr. Ajey Kumar, MD said, “We are happy to announce another round of excellent results for Q3 & 9M FY20 despite the macroeconomic challenges. Our diverse portfolio of core and supplementary education catering to the full life cycle of learning needs provides vibrant synergies that lend us a unique source of competitive advantage. It is our aspiration to be a leader in every business segment that we operate in and be acknowledged as a trusted provider of best-in-class products and services. Towards this, our relentless focus on building competitiveness in each business will be supported by appropriate investments. As we build scale, we also remain deeply committed to go beyond market leadership alone to creating much larger societal value in an exemplary fashion.”
Commenting on the results, Mr. Debshankar Mukhopadhyay, CEO, said “Zee Learn has made good progress on its agenda and strategic priorities. The Company has further improved its operating margins and recorded strong growth. These results reflect our unrelenting commitment to all our stakeholders and our intense focus on disciplined execution within our core businesses.”