Career Point FY11 net up 38% to Rs 27 cr

HIGHLIGHTS

Q4FY11 performance

• Net Profit at Rs. 7.64 Crore, up 44%
• Net Sales at Rs. 19.7 Crore, up 14.6%
• EBIDTA margin at 32.6% Vs 37.1% in Q4FY10
• EPS at Rs. 4.22 Vs Rs. 3.67 in Q4FY10
• Operating Revenue up 27% to Rs 78.6 crore

FY11 performance

• Net Profit at Rs. 27.3 Crore, up 37.8%
• Net Sales at Rs. 78.62 Crore, up 27%
• EBIDTA margin at 38% vs 38.8% in FY10
• EPS at Rs.16.82 vs Rs.14.71 in FY10

Career Point Infosystems Ltd (CPIL), one of the leading companies that tutelage students for competitive entrance examinations reported a 27% jump in its Revenue to Rs 78.62 crore as against Rs 61.65 crore in the same period of last fiscal. Net Profit for the year rose by 37.8% to Rs 27.3 crore as against Rs 19.8 crore in the year-ago period.

Operating Margin (EBIDTA) for the year stood almost the same as it was last year at 38%. Basic EPS stood at Rs. 16.8 as compared to Rs. 14.7.

For the fourth quarter ended March 31st, 2011 Net Profit was up 44 % to Rs 7.64 crore as against Rs 5.28 crore in Q4FY10. Net Sales rose 14% to Rs 19.7 crore as against Rs 17.1 crore in the corresponding quarter last year. Operating margin for Q4FY11 stood at 32.6%. EPS for the quarter was Rs 4.2 as compared to Rs 3.6 in Q4FY10.

Commenting on the results, Mr. Pramod Maheshwari, Chairman & Managing Director of Career Point Infosystems Ltd said: “This quarter has been highly rewarding for us as we successfully launched two unique projects. First is CPLive in which we are conducting live video-audio interactive classes over internet for the aspirants of various competitive examinations. Our business is also growing in the space of Education Consultancy & Management Services.”

“In coming academic session, we are committed to continue our tradition of imparting best education, knowledge & skills to the students which translate into high enrolments and growth.” Maheshwari added.

About Career Point Infosystems Ltd:

Career Point Infosystems Ltd (CPIL) is leading education company headquartered at Kota (Rajasthan, India). The company operates in the following areas –

•   Test Preparation Services for various competitive examinations
•   School Education (K-12), Colleges & Universities

Under Test Preparation Services, Career Point provides tutorial services to High School and Post High School students for various competitive entrance examinations like AIEEE, PMT and IIT-JEE. The Company provides tutorials through classroom training programmes conducted through a network of company operated training. Company also uses technology to deliver quality education to students at remote location. CPIL also offers distance learning programs comprising correspondence and test series courses. The Company has recently forayed into School Education (K-12), colleges & Universities. At present company is managing one K-12 school, one Business School & setting up two universities and one engineering college.

The company was incorporated in March 2000 and listed on Bombay Stock Exchange and National Stock Exchange in October 2010. CPIL plans to use the IPO proceeds to construct and develop an integrated campus, expand classroom infrastructure and meet expenses on general corporate activities.

Company has two subsidiaries:

1. Career Point Infra Ltd: It is wholly owned subsidiary & in the field of rendering infrastructure and allied services for setting-up of physical infrastructure for educational institution.
2. Career Point Edutech Ltd.: It provides technology driven assessment & online testing services