Delhi, October 30th, 2021: CL Educate Ltd. (BSE: 540403), (NSE: CLEDUCATE), has reported that its PAT for the Period ended September 30, 2021 grew nearly 10-fold from Rs. 0.59 Crore in H1 FY21 to Rs. 6.23 crore in H1 FY22 in an announcement following its board meeting on Oct 30th 2021. This is largely on account of the business bouncing back from the COVID pandemic induced dips in revenues and profits that were witnessed over the past 6 quarters. The numbers have also been boosted by the omni-channel approach followed by both the EdTech and MarTech businesses.
Review of consolidated financial performance for the Period Ended September 30th, 2021:
- Total income grew by 9% to Rs. 106.6 crore during the H1 FY22 as compared to Rs. 97.9 crore during H1 FY21.
- EBITDA grew by 63% to Rs. 15.0 crore with the margin at 14.1% during H1 of FY22 as compared to Rs. 9.2 crore with the margin at 9.4% during H1 of FY21.
- Profit after Tax (Inc. other comprehensive income) grew nearly 10-fold at Rs. 6.2 crore during H1 FY22 as compared to Rs. 0.6 crore during H1 FY21
Quarter-on-Quarter basis:
- Total income grew by 3% at Rs. 54.0 crore in Q2FY22 from Rs. 52.6 crore during Q1FY22.
- EBITDA grew by 16% to Rs. 8.1 crore in Q2FY22 from Rs. 6.9 crore during Q1FY22 with EBIDTA margin improving by 170 Basis points to 14.9% from 13.2%.
- Profit after Tax (Inc. other comprehensive income) grew by 10% to Rs. 3.3 crore in Q2FY22 from a profit of Rs. 3.0 crore during Q1FY22.
Commenting on the results, Arjun Wadhwa, CFO, CL Educate said: "We expect healthy growth in Sales as well as profits in both businesses (EdTech & MarTech) over the next 6-8 quarters. Post Covid traction and business signals are both looking very healthy."
About CL Educate
Listed on the BSE and NSE of India in 2017, CL Educate Ltd. is a well-diversified and technology enabled provider of education products, services and content with a presence across the education value-chain. It commenced its operations in 1996 and is present in test-preparation & training services, publishing & content development, integrated business, marketing & sales services for corporates, and integrated solutions to educational institutions. Led by a team of highly qualified professionals including IIT-IIM alumni, with a passion for excellence, the twenty-five-year-old company has successfully diversified from a single MBA Test- prep center to a pan India conglomerate in an asset-light, technology enabled manner leveraging strong synergies between its businesses. For details, visit www.cleducate.com
For further information, please contact:
Amit Kanabar – Finance & Investor Relations
CL Educate Ltd.
Phone: +91-11-4128 1100
Email: amit.kanabar@careerlauncher.com
Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward looking statements. These statements involve several risks and uncertainties that could cause actual results to differ materially from those that be projected by these forward-looking statements. These risks and uncertainties include, but not limited to such factors as competition, growth, pricing environment, recruitment and retention, technology, wage inflation, law and regulatory policies etc. Such risks and uncertainties are detailed in the Annual Report of the company which is available on the website www.cleducate.com. CL Educate Ltd. undertakes no obligation to update forward looking statements to reflect events or circumstances after the date thereof. The figures have been rounded at places.