BENGALURU: The Essel group’s educational arm, Zee Learn Ltd (Zee Learn), reported 47.9 per cent growth in total revenue and 89.1 per cent growth in EBITDA including other revenue for the year ended 31 March 2018 (FY-2018, year under review) as compared to FY-2017. Zee Learn reported total revenue of Rs 272.54 crore for FY-2018 as compared to Rs 184.28 crore in FY-2017. EBITDA for the year under review was Rs 105.79 crore (38.8 per cent margin) as compared to Rs 55.93 crore (30.4 per cent margin) in FY-2017.
Profit after tax (PAT) for FY-2018 was 47.1 per cent higher at Rs 49.28 crore as compared to Rs 33.51 crore in FY-2017. Total comprehensive income in FY-2018 was Rs 49.40 crore, 47.1 per cent higher than the Rs 33.59 crore in the previous fiscal.
Zee Learn has three segments education and related services (ERS); construction and leasing (for education) (C&L); and manpower and training (M&T), a segment that started in FY-2018. ERS segment contributed a lion’s share to the company’s numbers. Revenue for ERS segment in FY-2018 was Rs 186.34 crore as compared to Rs 160.45 crore in FY-2017. The segment had an operating profit of Rs 82.77 crore in FY-2018 as compared to Rs 47.39 crore in FY-2017.
C&L segment had revenue of Rs 29.57 crore in FY-2018 as compared to Rs 20.04 crore in FY-2017. C&L operating profit for the year under review was Rs 6.18 crore as compared to Rs 1.95 crore in FY-2017. M&T segment had revenue of Rs 53.50 crore and an operating profit of Rs 2.02 crore for FY-2018.
Total expense in FY-2018 at Rs 196.98 crore was 24 per cent higher than the Rs 158.87 crore in FY-2017. Operational cost at Rs 5.12 crore was 56.1 per cent higher than Rs 3.28 crore in the previous year. Employee benefit expense in the year under review was 168.1 per cent higher at Rs 78.79 crore as compared to Rs 29.39 crore in FY-2017. Other expense in FY-2018 at Rs 26.66 crore was 27.8 per cent lower than Rs 36.93 crore in FY-2017.
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