Zee Learn spurts after robust Q1 earnings

Zee Learn jumped 12.08% to Rs 33.40 at 10:48 IST on BSE after net profit surged 102.78% to Rs 8.01 crore on 17.52% increase in total income from operations to Rs 42.06 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 7 July 2016.

Meanwhile, the BSE Sensex was down 102.40 points, or 0.38%, to 27,099.09.

On BSE, so far 5.41 lakh shares were traded in the counter compared with average daily volume of 1 lakh shares in the past one quarter. The stock hit a high of Rs 34.10 and a low of Rs 32.60 so far during the day. The stock hit a 52-week high of Rs 46.80 on 4 December 2015. The stock hit a 52-week low of Rs 26.50 on 24 June 2016. The stock had outperformed the market over the past 30 days till 7 July 2016, rising 5.86% compared with 0.67% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.61% as against Sensex's 10.24% rise.

The small-cap company has an equity capital of Rs 32.06 crore. Face value per share is Re 1.

The company's operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 58.05% to Rs 12.96 crore in Q1 June 2016 over Q1 June 2015. Operating EBITDA margin increased to 30.8% in Q1 June 2016 from 22.9% in Q1 June 2015.

The company said in a statement that it delivered sterling first quarter performance giving better than expected profits, strongly improving operating margins and has steadily progressed against planned initiatives in the current financial year. The company further said the management is confident of the company achieving strong results for the full year FY 2017.

Essel Group Zee Learn is one of the leading companies in the education sector.

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