Zee Learn posts Rs Rs 3.81 crore profit in Q4

Standalone net profit stood at Rs 9.62 cr for the year ended March 31, 2015

Zee Learn, an education company operating in core education posted profits for the fourth quarter of last fiscal, compared to losses in previous fiscal.

The company reported standalone net profit of Rs 3.81 crore in Q4 of FY15 compared to loss of Rs 1.72 crore in Q4 of FY14. The revenue from operations for the quarter ending March 31, 2015 stood at Rs 41.68 crore, up against Rs 39.04 crore for the corresponding quarter ending March 31, 2014, up by 6.8%. 

The standalone net profit stood at Rs 9.62 crore for the year ended March 31, 2015 against the loss of Rs 1.32 crore for the corresponding year ending March 31, 2014. Standalone Revenue from operations for the year ending March 31, 2015 stood at Rs 121.58 crore as against Rs 119.17 crore for the corresponding year ending March 31, 2014. 

KVS Seshasai, CEO, Zee Learn explained that they have seen a healthy growth in its core business including its pre-school and schools. "The top-line growth was muted because we moved ZeeQ transferring the operations of servicing educational content of Television channel ZeeQ to its group company, Zee Entertainment Enterprises Ltd and due to our planned de-growth in non-core businesses."

The company's revenue from operation (Sans ZeeQ operation) grew by 28.40% in Q4 FY15 over same quarter last year and up by 15.5% in FY15 over FY14.

Seshasai said that the rise in profits was due to an increase in enrollments in Kidzee (their pre-school chain) centers by 18% and by 38% in Mount Litera Zee Schools (K-12 schools) during the FY15 vis-à-vis FY14. He said that for the first time, the company added more than 500 pre-school franchisee partners, compared to 300-320 that is usually added. 

Zee Learn is also looking at opportunities in skills and vocational education space. They have Zee Institute of Creative Arts (ZICA) and Zee Institute of Media Arts (ZIMA) under youth vocational education.