NEW DELHI: Zee Learn, a leading player in the education segment, has posted revenue of Rs 89.67 crore and profit of Rs 2.24 crore in Q2 2020. The EBIDTA stood at Rs 19.93 crore (26 per cent of the operating income) during this time.
Both revenue and profit (after tax) for the company has witnessed a decline year-on-year basis. During the same time, in 2019, the revenue stood at Rs 148.41 crore and profit (after tax) stood at Rs 24.40 crore.
The two also saw a decline from Q1 2020 where the revenue stood at Rs 92.64 crore and profit (after tax) stood at Rs 3.36 crore.
However, the profit before tax grew by 37 per cent in Q2 2020 on a quarter-on-quarter basis on the back of its optimisation measures.
Zee Learn whole time executive director and CEO Vikash Kumar Kar said, "In spite of the educational institutions still being under lockdown coupled with the uncertainty of re-opening, the company has successfully been surmounting various challenges to continue delivering an excellent learning experience. Various business continuity measures helped us to manage the operating expenses and operations in a reasonable manner. We continue to stay fully committed to staying ahead of the curve and fulfilling the learning needs of our students and engaging with our partners to provide constant support to navigate through this period.”
Zee Learn CFO Rakesh Agarwal added, "Even though there are various ongoing challenges, the company has managed to deliver profits by undertaking various optimization measures. We hope that the authorities will come up with various measures to handhold and stabilize the education sector which is very important for the well-being of our nation and for the future of the children."
The company has won several laurels during this year such as ‘Great Place to Work’, ‘Dream Companies to work for in Education Sector 2020’, ‘Premier Franchise to Watch for in 2019’, ‘Outstanding contribution to quality education in India’, and others.
