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ZEE LEARN LIMITED Interim / Quarterly Report 2021
61688_rns_2020-12-18_806af0dc-9d69-4822-96ab-faa234b1436e.pdf
Interim / Quarterly Report
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P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building, Dr. Annie Besant Road. Worli, Mumbai - 400 018. CIN :L80301MH2010PLC198405
December 18, 2020
To,
BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400 001
The National Stock Exchange of India Limited Exchange Plaza, Block G, C-1, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051
Scrip Code: 533287
Symbol: ZEELEARN
Dear Sir/Madam,
Sub: Earning Release for second quarter and half year ended September 30, 2020
With reference to our earlier announcement regarding outcome of the Board Meeting held on December 18, 2020 regarding the Unaudited Standalone and Consolidated Financial Results, we are enclosing the Earning Release of the Company for second quarter and half year ended September 30, 2020,
This is for your information and records.
Thanking you.
Yours faithfully,
For Zee Learn Limited
Prashant Parekh Company Secretary
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HERE KIDS LOVE TO LEARL
THINK EDUCATION. THINK ZEE LEARN.
P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building. Dr. Annie Besant Road, Worli, Mumbai - 400 018. CIN:L80301MH2010PLC198405
Zee Learn Limited Q2 FY21 Results
Sequential QoQ Consolidated PBT in Q2 FY21 up by 37%
Q2 FY 21 - Consolidated Level:
- Total Revenue at Rs. 89.67 crores
- EBIDTA at Rs. 19.93 crores (26 % of Operating Revenue)
- PBT at Rs. 7.43 crores (10 % of Operating Revenue)
- PAT at Rs. 2.24 crores
Q2 FY 21 - Standalone Level:
- Total Revenue at Rs. 26.63 crores
- EBIDTA at Rs. 6.87 crores (35 % of Operating Revenue) $\bullet$
- $\bullet$ PBT at Rs. 5.29 crores (27 % of Operating Revenue)
- $\bullet$ PAT at Rs. 4.01 crores
Mumbai, 18th December, 2020: The Board of Directors at its meeting held today has approved and taken on record the audited consolidated financial results of Zee Learn Limited (ZLL) and its subsidiaries for the quarter and half year ended 30 September 2020.
Commenting on the business performance, Mr. Vikash Kumar Kar, Whole Time Executive Director and CEO, Zee Learn Limited said, "Inspite 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."
Commenting upon the financial performance, Mr. Rakesh Agarwal, CFO, Zee Learn Limited said "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 well-being of our nation and for future of the children."
THINK EDUCATION. THIN
P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building, Dr. Annie Besant Road, Worli, Mumbai - 400 018. CIN :L80301MH2010PLC198405
Rs in Cr
Financial Highlights: Zee Learn Limited Consolidated
Quarter ended 30 September 2020 30 June 2020 30 September 2019 Particulars Unaudited Unaudited Unaudited Revenue from operations 76.27 82.67 136.60 Other Income 13.40 9.97 11.81 Total Revenue 89.67 92.64 148.41 COGS / Operational Cost 21.00 17.42 35.19 Employee benefits expense 24.43 30.45 33.52 Selling and marketing expenses 1.94 1.67 5.53 Other expenses 8.98 11.44 10.55 Total expenses 56.34 60.98 84.79 EBITDA 19.93 21.69 51.82 EBITDA % 26% 26% 38% Finance Cost 12.69 12.42 15.96 Depreciation & amortization 13.20 13.79 14.83 expenses Profit before tax 7.43 5.44 32.84 Profit before tax % 10% 7% 24% Tax 5.18 8.44 2.08 Profit after tax 24.40 2.24 3.36 Profit after tax % 3% 4% 18%
Mount Litera World Preschool
Learn
Mumbai
Parn Lini
80
P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building, Dr. Annie Besant Road, Worli, Mumbai - 400 018. CIN :L80301MH2010PLC198405
Financial Highlights: Zee Learn Limited Standalone
Rs in Cr
| Quarter ended | |||
|---|---|---|---|
| 30 September 2020 | 30 June 2020 | 30 September 2019 | |
| Particulars | Unaudited | Unaudited | Unaudited |
| Revenue from operations | 19.58 | 35.24 | 47.19 |
| Other Income | 7.05 | 6.87 | 5.65 |
| Total Revenue | 26.63 | 42.11 | 52.84 |
| COGS / Operational Cost | 3.04 | 8.54 | 5.35 |
| Employee benefits expense | 6.20 | 6.69 | 7.70 |
| Selling and marketing expenses | 1.53 | 1.61 | 1.56 |
| Other expenses | 1.93 | 5.48 | 4.60 |
| Total expenses | 12.71 | 22.32 | 19.21 |
| EBITDA | 6.87 | 12.92 | 27.98 |
| EBITDA % | 35% | 37% | 59% |
| Finance Cost | 6.39 | 6.02 | 6.35 |
| Depreciation & amortization expense | 2.23 | 2.23 | 2.31 |
| Profit before tax | 5.29 | 11.54 | 24.97 |
| Profit before tax % | 27% | 33% | 53% |
| Tax | 1.28 | 2.89 | 5.65 |
| Profit after tax | 4.01 | 8.65 | 19.32 |
| Profit after tax % | 20% | 25% | 41% |
THINK EDUCATION. THINK ZEE LEARN.
Learn
Mumbal
Carn Limited
P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building, Dr. Annie Besant Road, Worli, Mumbai - 400 018. CIN :L80301MH2010PLC198405
Key Business Indicators
| September 2020 end | September 2019 end | ||
|---|---|---|---|
| Pre K Schools | 1,947 | 1,895 | |
| K-12 Schools | 139 | 135 |
Key Financial Indicators (Standalone)
| Q2 FY 21 | Q2 FY 20 | |
|---|---|---|
| Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) | 26.93 | 97.59 |
| EPS (Rs.) | 0.12 | 0.59 |
| EBIDTA % | 35% | 59% |
| Q2 FY 21 end | Q2 FY 20 end | |
|---|---|---|
| Net Bank Borrowings (Rs. In Cr) | 106.69 | 129.67 |
| Debt Equity Ratio | 0.38 | 0.39 |
Key Financial Indicators (Consolidated)
| Q2 FY 21 | Q2 FY 20 | |
|---|---|---|
| Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) | 29.54 | 157.04 |
| EPS (Rs.) | 0.07 | 0.68 |
| EBIDTA % | 26% | 38% |
| Q2 FY 21 end | Q2 FY 20 end | |
|---|---|---|
| Net Bank Borrowings (Rs. In Cr) | 306.63 | 360.70 |
| Debt Equity Ratio (excluding non-controlling interest) | 0.81 | 0.86 |
THINK EDUCATION. THINK ZEE LEARN.
Mount Litera
P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100
Registered Office: 135, Continental Building, Dr. Annie Besant Road. Worli, Mumbai - 400 018. CIN:L80301MH2010PLC198405
Recent Recognitions for Zee Learn:
- Mount Litera Zee School awarded National K12 School Chain of the year at the Education Innovation Awards 2020
- Zee Learn awarded as the "Most Desired Brand in Education" under the Diversified category, Feb 2020
- Kidzee won the National Early Child playschool chain of the year award at the 10th Annual Indian Education Award 2020, Feb 2020
- Zee Learn certified as Great Place to Work for the Financial Year Apr 2019 Mar 2020
- Zee Learn wins the award for Dream Companies to work for in Education Sector 2020 by World HRD $\bullet$ Congress
- ZIMA featured in the Academic Insight's "Maharashtra's top 20 Educational Institute" issue, 2019
- Mount Litera Zee School won the Franchisor of the Year 2019 award by Franchise India
- Zee Learn recognized as Premier Franchise to Watch for in 2019 by Insights Success magazine, Oct $\bullet$ 2019
- Zee Learn recognized for its outstanding contribution to quality education in India by Business Vision $\bullet$ Magazine, Nov 2019
- Kidzee wins the award for National Early Child Playschool Chain of the year 2019 by Franchise India
- MLZS wins the award for National K12 School Chain of the Year 2019 by Franchise India
- Zee Learn wins the award for Dream Companies to work for in Education Sector 2019 by World HRD Congress
ZEE LEARN LIMITED:
Zee Learn Limited is an Essel Group Company listed on National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and on Luxemburg Stock Exchange, and is India's leading company in education segment with the fastest growing chain of K-12 schools (Mount Litera Zee Schools) and Asia's No 1 chain of preschools (Kidzee) in its portfolio. The Company through its brand 'Zee Institute of Media Arts' (ZIMA), a TV and Film training institute, offers Certificate courses in Direction, Acting, Sound, Editing, Production and Cinematography. Another offering from the company, 'Zee Institute of Creative Art' (ZICA) is the nation's first full-fledged Classical and Digital Animation Training Academy that trains youth in classical 2D and modern 3D animation. MT Educare Ltd is a subsidiary of Zee Learn Ltd and is a market leader in Test Prep, Tutorials and Digital education with leading brands like Lakshya, Chitale classes, Robomate, MT Commerce etc. Liberium Global Resources Pvt Ltd is another subsidiary of Zee Learn Ltd and is an emerging player in the Manpower & Training segment.
For additional information on financial results, please contact:
Mr. Rakesh Agarwal, CFO Mr. Prashant Parekh, Company Secretary Email: [email protected] Phone: +91-22-40343900
THINK EDUCATION. THINK ZEE LEARN.
Mount Litera Warld Preschool
