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Tag: K-12 Education

  • Vedantu’s usage soars during the Coronavirus Pandemic, making it the largest LIVE Online Learning Platform in K-12 education

    Vedantu’s usage soars during the Coronavirus Pandemic, making it the largest LIVE Online Learning Platform in K-12 education

    Vedantu, a pioneer in LIVE online  learning has witnessed a major surge after it announced support to students with free access to its complete learning platform during Covid-19 lockdown.  Owing to the temporary pause in learning across schools, tuition & coaching centers, students have extensively adopted LIVE online classes of Vedantu. The interaction with Master Teachers, Study Material, Tests & Assignments, LIVE Doubts feature has seen a massive increase during this outbreak as students continue learning from the safe confines of their homes.  The learning & teaching methods are changing drastically during Covid-19 period. While the entire EdTech industry is witnessing a shift, the number of subscribers on Vedantu’s platform has grown exponentially to 6,50,000 additional learners across K-12 & Competitive Exams such as JEE & NEET.

    Driving Impact at Scale is Vedantu’s singular vision as a pioneer of LIVE Online learning and a testimony of this is 1 Million students that attended LIVE classes on Vedantu’s patented platform WAVE post the lockdown in the country. 

    Students learn best when their brains are challenged in a peer learning environment. Wave is India’s first and only patented, revolutionary, interactive LIVE online learning platform by Vedantu. It is designed with interaction of students’ in mind. The platform enables the teachers to run Live Quizzes, Leaderboards, Hotspots in a gamified manner. 

    During this Covid-19 period, Vedantu has crossed a watch time of 1 Billion Minutes across its platform & channels

    Vedantu’s delivery of best quality education with India’s best teachers, its patented WAVE platform along with the comfort, safety and flexibility has resulted in such strong numbers. And as per a recent survey conducted on its platform, Students find LIVE Interactive classes more engaging, convenient and a better way of learning than offline classes.

     Vedantu’s collections and revenue grew by 80% over the previous month, achieving the highest growth over the collective last 2.5 years.

    “We will continue to provide free access to our platform to support students across the country ensuring uninterrupted & uncompromised learning, from the safety of their homes. Staying true to our vision, we’ll continue to invest in providing the best in class holistic learning experience & learning outcome for every child” said, Vamsi Krishna, Co-founder and CEO, Vedantu

    Vedantu's LIVE classes and the entire program can be easily accessed at home from your Mobile, Desktop & Tabs. 

  • Q2-17: Zee Learn declares maiden interim dividend

    Q2-17: Zee Learn declares maiden interim dividend

    BENGALURU: The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter). The dividend of just 5 paise (Rs 0.05) albeit small, could be  precursor of better returns, given the fact that the company’s profit after tax (PAT) for the  current quarter is more than seven-fold (7.05 times) year-over-year (y-o-y), with operating EBIDTA margins almost doubling y-o-y from 18.2 percent in Q2-16 to 34.9 percent in Q2-17.

    ZLL CEO Debshankar Mukhopadyay said, “We are pleased to announce an interim dividend for the first time at Zee Learn Limited. This shows our commitment to the shareholders who beleived in us and continued to invest in the comoany. Q2 and H1-17 are remarkable for us and our strategy to focus on our strenghts has resulted in delivering profits which are multiple times more than profits delivered during the last financial year.”

    ZLL reported PAT of Rs 7.59 crore (22.6 percent margin) for the current quarter versus PAT of Rs 1.08 crore (3.5 percent margin) in Q2-16. PAT in the immediate training quarter (Q1-17) was Rs 8.02 crore (19.1 percent margin). Operating EBIDTA in Q2-17 more than doubled (up 2.1 times) y-o-y to Rs 11.70 crore from Rs 5.57 crore, but was 9.8 percent lower q-o-q than Rs 12.97 crore (30.8 percent margin).

    Other numbers

    ZLL’s Total Income from Operations (TIO) in the current quarter increased 9.7 percent y-o-y to Rs 33.56 crore from Rs 30.60 crore in the correspondin year ago quarter, but declined 20.2 percent q-o-q from Rs 42.06 crore in Q1-17.

    The company spent 14.5 percent less y-o-y towards purchase of  Education goods and Television content in Q2-17 at Rs 4.91 crore (14.6 percent of TIO) as compared to Rs 5.74 crore (18.8 percent of TIO) and 45.1 percent lower q-o-q than the Rs 8.93 crore (21.2 percent of TIO).

    Employees Benefit Expense in the current quarter declined 18.2 percent y-o-y to Rs 5.94 crore (17.7 percent of TIO) from Rs 7.25 crore (23.7 percent of TIO) and declined 14.5 percent q-o-q from Rs 6.94 crore (16.5 percent of TIO).

    Selling and marketing expense in Q2-17 increased 18.2 percent y-o-y to Rs 3.98 crore (11.9 percent of TIO) from Rs 3.37 crore (11 percent of TIO), but declined 33 percent q-o-q from Rs  5.95 crore (14.1 percent of TIO).

    Mukhopadyay added, “ZLL through its varied forays including Early Childhood Care and Education (ECCE), K-12 Education, Youth and Vocational Education is playing a strong and transformational role in India’s education system. I am confident that ZLL will continue to grow its business and is commited to create long-term value for its franchisees, parents and students, shareholders, employees and all stakeholders.”

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: Zee Learn declares maiden interim dividend

    Q2-17: Zee Learn declares maiden interim dividend

    BENGALURU: The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter). The dividend of just 5 paise (Rs 0.05) albeit small, could be  precursor of better returns, given the fact that the company’s profit after tax (PAT) for the  current quarter is more than seven-fold (7.05 times) year-over-year (y-o-y), with operating EBIDTA margins almost doubling y-o-y from 18.2 percent in Q2-16 to 34.9 percent in Q2-17.

    ZLL CEO Debshankar Mukhopadyay said, “We are pleased to announce an interim dividend for the first time at Zee Learn Limited. This shows our commitment to the shareholders who beleived in us and continued to invest in the comoany. Q2 and H1-17 are remarkable for us and our strategy to focus on our strenghts has resulted in delivering profits which are multiple times more than profits delivered during the last financial year.”

    ZLL reported PAT of Rs 7.59 crore (22.6 percent margin) for the current quarter versus PAT of Rs 1.08 crore (3.5 percent margin) in Q2-16. PAT in the immediate training quarter (Q1-17) was Rs 8.02 crore (19.1 percent margin). Operating EBIDTA in Q2-17 more than doubled (up 2.1 times) y-o-y to Rs 11.70 crore from Rs 5.57 crore, but was 9.8 percent lower q-o-q than Rs 12.97 crore (30.8 percent margin).

    Other numbers

    ZLL’s Total Income from Operations (TIO) in the current quarter increased 9.7 percent y-o-y to Rs 33.56 crore from Rs 30.60 crore in the correspondin year ago quarter, but declined 20.2 percent q-o-q from Rs 42.06 crore in Q1-17.

    The company spent 14.5 percent less y-o-y towards purchase of  Education goods and Television content in Q2-17 at Rs 4.91 crore (14.6 percent of TIO) as compared to Rs 5.74 crore (18.8 percent of TIO) and 45.1 percent lower q-o-q than the Rs 8.93 crore (21.2 percent of TIO).

    Employees Benefit Expense in the current quarter declined 18.2 percent y-o-y to Rs 5.94 crore (17.7 percent of TIO) from Rs 7.25 crore (23.7 percent of TIO) and declined 14.5 percent q-o-q from Rs 6.94 crore (16.5 percent of TIO).

    Selling and marketing expense in Q2-17 increased 18.2 percent y-o-y to Rs 3.98 crore (11.9 percent of TIO) from Rs 3.37 crore (11 percent of TIO), but declined 33 percent q-o-q from Rs  5.95 crore (14.1 percent of TIO).

    Mukhopadyay added, “ZLL through its varied forays including Early Childhood Care and Education (ECCE), K-12 Education, Youth and Vocational Education is playing a strong and transformational role in India’s education system. I am confident that ZLL will continue to grow its business and is commited to create long-term value for its franchisees, parents and students, shareholders, employees and all stakeholders.”

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.