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Tag: Zee Learn Limited (Zee Learn)

  • Ajey Kumar steps down as MD of Zee Learn; Vikash Kumar Kar appointed as additional director

    Ajey Kumar steps down as MD of Zee Learn; Vikash Kumar Kar appointed as additional director

    NEW DELHI: Essel group firm Zee Learn on Wednesday notified in a regulatory filing that it’s managing director Ajey Kumar has stepped down. The company accepted Kumar’s resignation in a board meeting which took place on Tuesday, as per the filing.

    In a separate filing, Zee Learn announced that CEO Vikash Kumar Kar will be taking over as an Additional director of the company.

    “The Board approved the appointment of Vikash Kumar Kar as an Additional Director of the Company in the category Executive Director designated as Whole Time Director w.e.f. 19th August, 2020 which shall be subject to approval of shareholders at the ensuing Annual General Meeting,” read the statement. Kar will continue being the Chief Executive Officer of the company.

    Kar is a senior human resources and business professional with 19 years of professional experience in conceptualizing and integrating best in class practices to facilitate building a sustainable high-performance organization. 

  • Zee Learn FY-2014 revenue up 19 per cent, loss down

    Zee Learn FY-2014 revenue up 19 per cent, loss down

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported a 19.08 per cent hike in net income from operations (Op Inc) to Rs 119.18 crore in FY-2014 from Rs 100.08 crore in FY-2013. The company’s loss during the year was down from Rs 21.22 crore in FY-2013 to Rs1.33 crore in FY-2014.

     

    Note :  100,00,000=100 lakh = 1 crore = 10 million.

     

    For Q4-2014, Zee Learn has reported an Op Inc of Rs 39.04 crore, 72 per cent more than the Rs 22.7 crore in the immediate trailing quarter and 7.2 per cent more than the Rs 36.43 crore in the year ago quarter Q4-2013.

     

    Corresponding loss numbers during the quarters are: Rs 1.73 crore in Q4-2013, Rs 3.38 crore in Q3-2014 and Rs 7.35 crore in Q4-2013.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Zee Learn

     

    Zee Learn’s Total Expenditure in FY-2014 at Rs 115.45 crore (96.87 per cent of Op Inc) was 0.43 per cent more than the Rs 114.96 crore in FY-2013. The company’s Tot Exp in Q4-2014 at Rs 38.18 crore (97.80 per cent of Op Inc) was 59 per cent more than the Rs 24 crore (105.73 per cent of Op Inc) in Q3-2014 and 5.42 per cent less than the Rs 40.37 crore (110.8 per cent of Op Inc) in Q4-2013.

     

    The company spent 39 per cent more in FY-2014 towards purchase of education goods and television content (Ed goods) at Rs 43.57 crore (36.6 per cent of Op Inc) as compared to the Rs 31.36 crore (31.3 per cent of Op Inc) in FY-2013. Zee Learn’s Ed goods expense in Q4-2014 at Rs 15.78 crore (40.41 per of Op Inc) was 63.3 per cent more than the Rs 9.66 crore (42.6 per cent of Op Inc) in Q3-2014 and 4.6 per cent more than the Rs15.08 crore (41.4 per cent of Op Inc) in Q4-2013.

     

    Zee Learn spent Rs 13.71 crore (11.5 per cent of Op Inc) in FY-2014 towards Marketing advertisement and publicity expense (Publicity Exp), which was 18.7 per cent less than the Rs 16.86 crore (17 per cent of Op Inc) in FY-2013. Zee Learn’s Publicity Exp in Q4-2014 at Rs 6.27 crore (16 per cent of Op Inc) was more than the triple (3.23 times) the Rs 1.94 crore (8.6 per cent of Op Inc) in Q3-2014 and 4.8 per cent more than the Rs 5.98 crore (16.4 per cent of Op Inc) in Q4-2013.