Highlights of Standalone Q4FY20 financial performance over Q3FY20
- Operating Revenue increase 47.68 % at Rs 51.51 Cr in Q4FY20 v/s Rs 34.88 Cr in Q3FY20
- EBIDTA increases 24.15 % at Rs 22.66 Cr in Q4FY20 v/s Rs 18.25 Cr in Q3FY20
- PBT increases by 23.88 % at Rs 20.77 Cr in Q4FY20 v/s Rs 16.76 Cr in Q3FY20
- PAT increases 29.24 % at Rs 16.38 Cr in Q4FY20 v/s Rs 12.68 Cr in Q3FY20
Highlights of Standalone FY20 financial performance over FY19
- EBIDTA increases 7.34 % at Rs 100.46 Cr in FY20 v/s Rs 93.59 Cr in FY19
- EBITDA % to Operating Revenue increases to 51.68 % in FY20 v/s 44.61 % in FY19
- PAT increases by 11.22 % at Rs 68.62 Cr in FY20 v/s Rs 61.70 Cr in FY19
- PAT % to Operating Revenue increases to 35.30 % in FY20 v/s 29.41 % in FY19
Highlights of Consolidated FY20 financial performance over FY19:
- EBIDTA increase 6.77 % at Rs 168.39 Cr in FY20 v/s Rs 157.71 Cr in FY19
- EBITDA % to Operating Revenue increases to 32.71 % in FY20 v/s 30.49 % in FY19
- Total Revenue increases 1.3 % at Rs 556.38 Cr in FY20 Cr v/s Rs 549.25 Cr in FY19
Commenting on the business performance, Mr. Vikash Kumar Kar, Executive Director and CEO, Zee Learn Limited said, “We are happy to announce our results for Q4FY20 and FY20. During the year we have seen good growth across all our business segments. Though the outbreak of COVID-19 in mid of March’20 marked an unprecedented disruption, the operating margins on the full year basis improved on the backdrop of strong performances during FY20. Despite significant challenges, Zee Learn team demonstrated the strength of its operating fundamentals by taking the torch of learning forward without disruption for its network that spans over 2000 centers in 800+ locations in the country. The fallout of COVID-19 has been very challenging for the education sector and the rapid transition from classroom to the virtual space was not easy, however, we have been successful in meeting the pedagogical and cognitive needs of our students from the safety of their homes, by delivering and executing the blended learning resources and digital content curated by our seasoned academic professionals. We remain highly focused on cash flows and liquidity management and are confident that our broad portfolio of products/services with our ability to execute our commitments would help us navigate through the current economic uncertainties.”
Commenting upon the financial performance, Mr. Rakesh Agarwal, CFO, Zee Learn Ltd., said “Despite the issues due to the currently prevailing conditions, we are happy that the Company has posted decent results for Q4FY20 and FY20 through excellent management of our resources, cash and with the support of our business partners.”
Financial Highlights: Zee Learn Limited Standalone
| All figures in INR Cr | Quarter ended | Year ended | ||||
| 31-Mar-20 | 31-Dec-19 | QoQ Growth % |
31-Mar-20 | 31-Mar-19 | YoY Growth % |
|
| Particulars | Audited | Audited | Q4 v/s Q3 FY20 | Audited | Audited | FY20 v/s FY19 |
| Revenue from operations | 51.51 | 34.88 | 47.68% | 194.37 | 209.78 | -7.34% |
| Other Income | 6.44 | 6.63 | -2.85% | 23.93 | 16.84 | 42.12% |
| Total Revenue | 57.95 | 41.51 | 39.60% | 218.31 | 226.62 | -3.67% |
| COGS / Operational Cost | 11.86 | 3.58 | 231.72% | 33.65 | 48.26 | -30.28% |
| Employee benefits expense | 7.68 | 7.26 | 5.78% | 30.59 | 29.52 | 3.63% |
| Selling and marketing expenses | 5.44 | 1.37 | 296.27% | 12.61 | 16.76 | -24.75% |
| Other expenses | 3.86 | 4.42 | -12.49% | 17.07 | 21.65 | -21.18% |
| Total expenses | 28.84 | 16.62 | 73.52% | 93.91 | 116.19 | -19.17% |
| EBITDA | 22.66 | 18.25 | 24.15% | 100.46 | 93.59 | 7.34% |
| EBITDA % | 44.00% | 52.34% | -15.93% | 51.68% | 44.61% | 15.85% |
| Finance Cost | 6.03 | 6.22 | -3.06% | 24.52 | 19.97 | 22.77% |
| Depreciation and amortization exp | 2.31 | 1.90 | 21.35% | 8.72 | 3.77 | 131.20% |
| Profit before tax | 20.77 | 16.76 | 23.88% | 91.15 | 86.68 | 5.16% |
| Profit before tax % | 40.32% | 48.06% | -16.12% | 46.90% | 41.32% | 13.49% |
| Tax | 4.38 | 4.09 | 7.24% | 22.53 | 24.99 | -9.82% |
| Profit after tax | 16.38 | 12.68 | 29.24% | 68.62 | 61.70 | 11.22% |
| Profit after tax % | 31.81% | 36.35% | -12.48% | 35.30% | 29.41% | 20.04% |
Financial Highlights: Zee Learn Limited Consolidated
| Year ended | |||
| 31-Mar-20 | 31-Mar-19 | YOY Growth % |
|
| Particulars | Audited | Audited | Yearly |
| Revenue from operations | 514.83 | 517.25 | -0.47% |
| Other Income | 41.55 | 32.00 | 29.84% |
| Total Revenue | 556.38 | 549.25 | 1.30% |
| COGS / Operational Cost | 137.54 | 145.37 | -5.39% |
| Employee benefits expense | 141.38 | 139.81 | 1.12% |
| Selling and marketing expenses | 19.10 | 27.19 | -29.73% |
| Other expenses | 48.41 | 47.17 | 2.65% |
| Total expenses | 346.44 | 359.54 | -3.64% |
| EBITDA | 168.39 | 157.71 | 6.77% |
| EBITDA % | 32.71% | 30.49% | 7.28% |
| Finance Cost | 59.05 | 47.31 | 24.81% |
| Depreciation and amortization expenses | 64.11 | 27.89 | 129.89% |
| Profit before tax and exceptional items | 86.79 | 114.52 | -24.21% |
| Profit before tax and exceptional items % | 16.86% | 22.14% | -23.86% |
| Less : Exceptional items | 31.15 | – | |
| Profit before tax | 55.64 | 114.52 | -51.41% |
| Profit before tax % | 10.81% | 22.14% | -51.18% |
| Tax | 30.53 | 31.14 | -1.97% |
| Profit after tax | 25.11 | 83.37 | -69.88% |
| Profit after tax % | 4.88% | 16.12% | -69.74% |
Key Business Indicators
| AY 2019-20 end | AY 2018-19 end | AY 2017-18 end | |
| Pre K Schools | 1967 | 1939 | 1831 |
| K-12 Schools | 139 | 130 | 124 |
| Pre K Students/Day Care | 1,38,044 | 1,37,863 | 1,27,922 |
| K-12 Students | 77,705 | 63,328 | 55,628 |
Key Financial Indicators (Standalone)
| 12M FY20 | 12M FY19 | |
| Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) | 191.17 | 21.17 |
| EPS | 2.10 | 1.89 |
| EBIDTA % | 52% | 45% |
| 12 months end FY20 | 12 months end FY19 | |
| Net Bank Borrowings (Rs. In Cr) | 101.84 | 166.35 |
| Debt Equity Ratio | 0.37 | 0.44 |
Key Financial Indicators (Consolidated)
| 12M FY20 | 12M FY19 | |
| Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) | 235.01 | 134.54 |
| EPS (Rs.) | 1.34 | 2.33 |
| EBIDTA % | 33% | 30% |
| 12 months end FY20 | 12 months end FY19 | |
| Net Bank Borrowings (Rs. In Cr) | 292.65 | 416.81 |
| Debt Equity Ratio (excluding non-controlling interest) | 0.78 | 1.00 |
Recent Recognitions for Zee Learn:
- 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 awarded Great Place to Work for the Financial Year Apr 2019 – Mar 2020
- ZIMA featured in the Academic Insight’s “Maharashtra’s top 20 Educational Institute” issue, 2019
- Mount Litera Zee School won 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 2019
- Zee Learn recognised for its Outstanding contribution to quality education in India by Business Vision 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
- Kidzee wins the award for Leading brand of the Year 2018 – Preschools by WCRC
- MLZS wins the award for Leading brand of the Year 2018 – Schools by WCRC
- Zee Learn has been awarded Franchisor of the year 2018 by Franchise India
- MLSI Awarded Great Place to Study by Forbes Marquee Magazine, Oct 2018
- MLZS Awarded Great Place to Study by Forbes Marquee Magazine, Oct 2018
- Luminosity – Learning Management System Portal for MLZS wins award by IDC Insight Awards, 2018
- Kidzee wins awards for Most Admired Preschool Brand 2018 – by White Page International
