Education services company Zee Learn, which posted a stand-alone net loss of Rs 7.35 crore in the March quarter, is planning to set up more centres of its school chains in a bid to get back to the black.
The company had posted a net loss of Rs 7.68 crore in the last quarter of 2011-12. Total income from operations for the company stood at Rs 36.4 crore in the March quarter, up 76.7 per cent from a year ago.
Navneet Anhal, the newly appointed chief executive officer of Zee Learn, told Business Standard the company's complete focus was on profitability. On a consolidated basis, the company posted a net loss of Rs 21.4 crore for the financial year 2012-13, in comparison with a net loss of Rs 27.6 crore the year before.
Purchase of education goods and television content and employe benefits were the biggest contributors to the total expenses incurred by the company.
"The primary driver of growth will be our new centres. We are planning to set up 300 plus centres of our pre-school chain KidZee and have 30 more branches of our K12 offering, Mount Litera Zee School."
On a consolidated basis, the company posted a net loss of Rs 21.4 crore for the financial year 2012-13, in comparison with a net loss of Rs 27.6 crore the year before. Purchase of education goods and television content and employe benefits were the biggest contributors to the total expenses incurred by the company.
Zee Learn also plans to double the enrollments to about 400 students in their K12 school this financial year. Further, the company is looking to provide content to education channel ZeeQ, which is also part of the Essel Group.
Anhal added the company was evaluating synergy markets for Zee Learn in regions abroad.
