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  • Zee Learn PAT more than doubles for FY-17

    BENGALURU: The Essel Group’s core education company Zee Learn Limited (ZLL) reported 2.43 times consolidated profit after tax (PAT) in the year ended 31 March 2017 (FY-17, current year) as compared to the previous year. The company reported consolidated PAT of Rs 36.65 crore (20.5 percent of Total Income from Operations or TIO) in FY-17 as compared to consolidated  PAT of Rs 15.08 crore (10 percent of TIO) in FY-16. ZLL’s consolidated TIO in the current year was Rs 178.91 crore, it was Rs 151.57 crore in FY-16.

    The company’s consolidated simple EBIDTA (excluding other income) in FY-17 grew 44.1 percent to Rs 62.33 crore (34.8 percent EBIDTA margin) from Rs 43.27 crore (28.5 percent EBIDTA margin) in the previous year.

    Board declares dividend

    The ZLL board has recommended a dividend of 5 percent (Re 0.05 per equity share of Re 1 each) for FY-17 for all its equity shareholders subject to approval of its shareholders.

    Segments

    ZLL has two segments – Education; and Construction and Leasing. Education segment reported 15.7 percent growth in operating revenue in FY-17 to Rs 161.17 crore from Rs 139.25 crore in the previous year. The segment reported 69.5 percent growth in operating profit at Rs 48.99 crore in FY-17 as compared to Rs 28.91 crore in FY-16.

    Construction and Leasing segment reported operating 43.8 percent higher revenue of Rs 17.71 crore in FY-17 from Rs 12.32 crore in the previous year. The segment’s operating profit in FY-17 declined 14 percent to Rs 4.36 crore from Rs 5.07 crore in FY-16.

    Let us look at the other numbers reported by ZLL for FY-17

    Consolidated Total Expenses in FY-17 increased 6.7 percent to Rs 126.38 crore (70.6 percent of TIO) from Rs 118.49 crore (78.2 percent of TIO) in the previous year. Consolidated Purchase of Education Goods and Television Content increased 3.5 percent in FY-17 to Rs 34.82 crore (19.5 percent of TIO) from Rs 33.65 crore (22.2 percent of TIO).

    Consolidated Employee Benefits Expense in FY-17 declined 0.5 percent to Rs 24.97 crore (14 percent of TIO) from Rs 25.09 crore (16.6 percent of TIO) in FY-16. The company’s Consolidated Selling and marketing expense in the current year was 6.1 percent lower in FY-17 at Rs 19.66 crore (11 percent of TIO) as compared to Rs 20.95 crore (13.8 percent of TIO) in the previous year.

    Consolidated Other expense in FY-17 was 57 percent more at Rs 36.58 crore (20.4 percent of TIO) as compared to Rs 23.30 crore (15.4 percent of TIO) in FY-16. Consolidated Finance Costs in FY-17 reduced 5 percent to Rs 18.98 crore (10.6 percent of TIO) from Rs 19.98 crore (13.2 percent of TIO) in the previous year.

    Company speak

    ZLL CEO Debashankar Mukhopadhyay said, “Company witnessed consistent growth across all business segments, which strongly underlines the fact that our franchisee and parent’s confidence towards company brands is growing every year. ZLL has invested considerable resources in developing learning insights, student learning materials and e-content for pre-schools and K-12 schools. We closed FY-17 on a new high, with a positive drive and are confident of sustaining this growth. The high demand for the all-new Kidzee 2.0 was overwhelming, as it surpassed all our expectations. With new product introductions coupled with our existing offerings, we are confident that our growth momentum will continue. Qualitative improvements in our network coupled with strong focus on franchisee relationship and availability of varied tailor made children / student specific programs will be pivotal in aiding our planned growth for the future.

    ZLL CFO Umesh Pradhan said, “With rising scale and rationalizing of vendors, the company has prudently managed cost of goods while simultaneously improving quality. We perceive these initiatives as potent operating and profitability margin boosters. The consistency of our performance is the result of managing our business dynamically and executing our strategy with even greater rigour and discipline. Our sustained focus on investing behind brands, sharpening our execution capabilities and driving market development has enabled us to keep winning with consumers in a rapidly changing market.”

    Notes: (1) 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.

    (2) The numbers in this report are consolidated unless stated otherwise.

    Also Read :

    Zee Learn-Tree House proposed merger off

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

  • Zee Learn-Tree House proposed merger off

    Zee Learn-Tree House proposed merger off

    MUMBAI: Zee Learn Ltd has informed the BSE that the Board of Directors meeting of the Company held on 16 December, 2016, the Board took cognizance of the recent adverse media reports of Tree House closing down hundreds of its playgroup centres abruptly leaving parents / students high and dry and of many parents filing police complaints against Tree House and its Promoters.

    The Board feels that this may change the complete business dynamics of Tree House and is not in the spirit of the Scheme of Amalgamation signed between ZLL and Tree House.

    This fact coupled with the steadily deteriorating financials of Tree House, allegations of irregularities by Tree House / its Promoters and the need to protect the interest of ZLL shareholders, led to the Board of ZLL to unanimously agree to withdraw from the merger process with Tree House.

    ZLL Board announced that in light of the recent inordinate developments at Tree House, it is withdrawing from the proposed Merger process with Tree House which has been awaiting various court,shareholder and related statutory approvals.

    The Board approved sending requisite communication to Tree House to this effect and also convey to them that ZLL reserves its rights to initiate further suitable action against Tree House, its Promoters for ZLL’s loss of reputation, goodwill and damages.

    ZLL, a company promoted by Essel group, which runs Asia’s largest play school chain (Kidzee) with 1600 plus centres, had agreed sometime back to participate in this Merger process with Tree House with great hopes of serving an even larger network of students. Recently, inspite of the reported worsening financial situation at Tree House, ZLL had agreed to keep the merger alive at renegotiated terms. However, the current media reports of Tree House, its Promoters closing down a huge number of centres mid-session without even a thought for the helpless students, parents has left everyone at ZLL aghast as this sort of an action is completely against the moral and professional values of ZLL.

    ZLL CEO Debshankar Mukhopadhyay said, “ZLL has already requested its Kidzee Franchisees to try and provide proper mid-term admissions to such ex Tree House students who are stuck and wish to seek help because of Tree House I its Promoters actions. I am sure that our Franchisees will help to whatever extent possible. We hope that other play school chains will also come forward to help the students in this time of their need.”

  • Zee Learn-Tree House proposed merger off

    Zee Learn-Tree House proposed merger off

    MUMBAI: Zee Learn Ltd has informed the BSE that the Board of Directors meeting of the Company held on 16 December, 2016, the Board took cognizance of the recent adverse media reports of Tree House closing down hundreds of its playgroup centres abruptly leaving parents / students high and dry and of many parents filing police complaints against Tree House and its Promoters.

    The Board feels that this may change the complete business dynamics of Tree House and is not in the spirit of the Scheme of Amalgamation signed between ZLL and Tree House.

    This fact coupled with the steadily deteriorating financials of Tree House, allegations of irregularities by Tree House / its Promoters and the need to protect the interest of ZLL shareholders, led to the Board of ZLL to unanimously agree to withdraw from the merger process with Tree House.

    ZLL Board announced that in light of the recent inordinate developments at Tree House, it is withdrawing from the proposed Merger process with Tree House which has been awaiting various court,shareholder and related statutory approvals.

    The Board approved sending requisite communication to Tree House to this effect and also convey to them that ZLL reserves its rights to initiate further suitable action against Tree House, its Promoters for ZLL’s loss of reputation, goodwill and damages.

    ZLL, a company promoted by Essel group, which runs Asia’s largest play school chain (Kidzee) with 1600 plus centres, had agreed sometime back to participate in this Merger process with Tree House with great hopes of serving an even larger network of students. Recently, inspite of the reported worsening financial situation at Tree House, ZLL had agreed to keep the merger alive at renegotiated terms. However, the current media reports of Tree House, its Promoters closing down a huge number of centres mid-session without even a thought for the helpless students, parents has left everyone at ZLL aghast as this sort of an action is completely against the moral and professional values of ZLL.

    ZLL CEO Debshankar Mukhopadhyay said, “ZLL has already requested its Kidzee Franchisees to try and provide proper mid-term admissions to such ex Tree House students who are stuck and wish to seek help because of Tree House I its Promoters actions. I am sure that our Franchisees will help to whatever extent possible. We hope that other play school chains will also come forward to help the students in this time of their need.”

  • 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.