Zee Learn Limited Q3 FY21 Results

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Business Wire India

Q3 FY 21 – Consolidated Level:

 

Q3 FY 21 – Standalone Level:

 

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 and nine months ended 31 December 2020.

Commenting on the business performance, Mr. Vikash Kumar Kar, Whole Time Executive Director and CEO, Zee Learn Limited said, "The core education sector is yet to fully recover from the adverse impacts caused due to the pandemic. Despite the ongoing challenges, the company continues to offer high quality pedagogical support to meet the learning needs of its students, while staying sharply focused on its business continuity measures.  We hope the various government notifications on gradual reopening of the educational institutions will improve business situation progressively. The company will be leveraging its network strengths to rebuild and drive a positive growth in the coming days."  
 
Mr. Rakesh Agarwal, Chief Financial Officer, Zee Learn Limited, said, "We hope that the educational sector is revived soon by reopening of schools and other institutions. The company continues to follow a strict financial regime to protect the overall earnings & profitability of the company in these pandemic times."

Financial Highlights: Zee Learn Limited Consolidated                                                                       Rs in Cr

 

  Quarter ended Nine months ended
  31 December 2020 30 September 2020 31 December 2019 31 December 2020 31 December 2019  
Particulars Unaudited Unaudited Unaudited Unaudited Unaudited  
Revenue from operations 51.19 76.27 117.84 210.13 409.20  
Other Income 17.93 13.40 8.48 41.29 31.81  
Total Revenue 69.12 89.67 126.32 251.42 441.01  
COGS / Operational Cost 4.59 21.00 24.99 43.01 104.05  
Employee benefits expense 25.05 24.43 34.71 79.93 106.67  
Selling and marketing expenses 1.42 1.94 2.50 5.03 14.70  
Other expenses 12.72 8.98 11.40 33.14 32.98  
Total expenses 43.79 56.34 73.61 161.11 258.40  
EBITDA 7.40 19.93 44.23 49.02 150.80  
EBITDA % 14% 26% 38% 23% 37%  
Finance Cost 12.28 12.69 15.30 37.39 46.06  
Depreciation & amortization expenses 12.68 13.20 15.05 39.67 44.83  
Profit before tax and exceptional items 0.38 7.43 22.35 13.24 91.72  
Profit before tax and exceptional items % 1% 10% 19% 6% 22%  
Tax 0.16 5.18 6.03 7.43 24.38  
Profit after tax 0.21 2.24 16.32 5.81 67.34  
Profit after tax % 0% 3% 14% 3% 16%  
               

 

Financial Highlights: Zee Learn Limited Standalone                                                                         Rs in Cr

 

  Quarter ended Nine months ended
  31 December 2020 30 September 2020 31 December 2019 31 December 2020 31 December 2019
Particulars Unaudited Unaudited Unaudited Unaudited Unaudited
Revenue from operations 15.13 19.58 34.88 69.95 142.87
Other Income 7.01 7.05 6.63 20.93 17.49
Total Revenue 22.14 26.63 41.51 90.89 160.36
COGS / Operational Cost 1.65 3.04 3.58 13.23 21.78
Employee benefits expense 5.92 6.20 7.26 18.82 22.91
Selling and marketing expenses 1.25 1.53 1.37 4.39 7.17
Other expenses 4.60 1.93 4.42 12.01 13.20
Total expenses 13.42 12.71 16.62 48.45 65.07
EBITDA 1.72 6.87 18.25 21.50 77.80
EBITDA % 11% 35% 52% 31% 54%
Finance Cost 6.03 6.39 6.22 18.44 18.49
Depreciation & amortization expense 2.23 2.23 1.90 6.70 6.41
Profit before tax 0.47 5.29 16.76 17.30 70.39
Profit before tax % 3% 27% 48% 25% 49%
Tax 0.15 1.28 4.09 4.32 18.15
Profit after tax 0.31 4.01 12.68 12.98 52.24
Profit after tax % 2% 20% 36% 19% 37%
 

 
 
Key Business Indicators
 

  December 2020 end December 2019 end
Pre K Schools                    1,956                    1,916
K-12 Schools                       142                       139

 
 
Key Financial Indicators (Standalone)
 

  Q3 FY 21 Q3 FY 20
Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 4.18 (22.35)
EPS (Rs.) 0.01 0.39
EBIDTA % 11% 52%

 

  9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs. In Cr) 105.75 103.30
Debt Equity Ratio 0.40 0.39

 
 
Key Financial Indicators (Consolidated)
 

  Q3 FY 21 Q3 FY 20
Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 2.90 (1.54)
EPS (Rs.) (0.01) 0.45
EBIDTA % 14% 38%

 

  9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs. In Cr) 305.32 297.25
Debt Equity Ratio (excluding non-controlling interest) 0.81 0.76

 
 
Recent Recognitions for Zee Learn:
 

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