Q1-2016: Despite 4% drop in revenue, Zee Learn PAT up 11%

BENGALURU: The Essel Group’s education company Zee Learn Limited reported 11.1 per cent higher profit after tax (PAT) for the quarter ended 30 June, 2015 (Q1-2016) at Rs 3.96 crore (11.1 per cent margin) as compared to the Rs 3.56 crore (9.6 per cent margin) in Q1-2015. PAT in the current quarter was also 3.8 per cent higher than the Rs 3.81 crore (9.2 per cent margin) in the immediate trailing quarter.

Zee Learn’s Total Income from Operations (TIO) in the current quarter at Rs 35.79 crore was four per cent lower than the Rs 37.30 crore in the corresponding year ago quarter and 14.1 per cent lower than the Rs 41.69 crore in Q4-2015.

Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

Let us look at the other numbers reported by Zee Learn

Zee Learn’s Total expenditure (TE) in Q1-2016 at Rs 29.14 crore (81.4 per cent of TIO) was 6.5 per cent lower than the Rs 31.17 crore (83.6 per cent of TIO) in Q1-2015 and 19.5 per cent lower than the Rs 36.18 crore (86.8 per cent of TIO) in Q4-2015. 

The company’s marketing, advertisement and publicity expense (marketing expense) for Q1-2016 at Rs 4.68 crore (13.1 per cent of TIO) was 89.3 per cent (almost double) more than the Rs 2.47 crore (6.6 per cent of TIO) in Q1-2015, but 45.6 per cent lower (almost half) than the  Rs 8.6 crore (20.6 per cent of IO) in Q4-2015.

Employee Benefit Expense (EBE) Q1-2016 at Rs 6.17 crore (17.2 per cent of TIO) was 8.3 per cent lower than the Rs 6.73 crore (18 per cent of TIO) in Q1-2015 but 17.2 per cent more than the Rs 6.05 crore (14.5 per cent of TIO) in the immediate trailing quarter. 

In Q1-2016, Zee Learn’s operating cost at Rs 0.56 crore (1.6 percent of TIO) was 18 percent lower than  the Rs 0.68 crore (1.8 per cent of TIO) in Q1-2015 and 55.7 per cent lower (less than half) the Rs 1.25 crore (three per cent of TIO) in Q4-2015. 

Other expense in Q1-2016 at Rs 7.69 crore (21.5 per cent of TIO) was 28.7 per cent higher than the Rs 5.98 crore (16 per cent of TIO) in Q1-2015 and 3.8 per cent more than the Rs 7.41 crore (17.8 per cent of TIO) in the immediate trailing quarter.

Zee Learn says that on 28 June, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other current assets to the extent of the above amount. On settlement of the claim by the Insurance company, the difference in loss claim and actual claim received, if any, will be charged to the statement of profit and loss account.

Latest Reads
Star Movies Kids is the new kid on the block

A few years ago Star India decided to hive off some bits of its repertoire and focus exclusively on its main GEC Star Plus and the emerging sports scenario. Surprisingly, the channel is now taking a new turn by targeting the youngest viewers. As per industry sources, the Uday Shankar-led network is...

Television TV Channels Kids
Zapak and Cartoon Network India partner to launch ‘Ben 10 - Alien Run’ mobile game

Anil D. Ambani led Reliance Entertainment’s Zapak, India’s leading Gaming Destination, in association with Cartoon Network India, rings in the New Year with an epic launch for fans and gamers alike, with Ben 10 - Alien Run Mobile Game.

Television TV Channels Kids
Sony Entertainment Television makes Makarsankranti memorable for the commuters of Western Railway

The local trains in Mumbai are known to give a unique glimpse into the lives of Mumbaikars.

Television TV Channels GECs
ZEE announces offer on Zee Family Packs, now at Rs. 39* per month

With the new tariff/pricing regime all set to come into effect from February 01, 2019 ZEE, the No. 1 television network of the country, announces attractive launch offers for its consumers. Zee family packs will be available for Rs. 39* only. This special launch offer has been devised for consumers...

Television TV Channels GECs
Viacom18 introduces VIACUBS - a day care facility for employees' children

In continuation of its gender inclusive policies such as a 36-weeks maternity leave and flexible work arrangement, Viacom18 today announces the launch of Viacubs – a child day-care service for Viacom18 employees. Viacubs is a part of Viacom18’s WAVE initiative which focusses on safety, wellness,...

Television TV Channels GECs
Privé Unscripted to offer thought-provoking content from BBC

ZEEL’s premium English movie channel - &PrivéHD - is all set to telecast its new offering from the BBC library- Privé Unscripted. It brings not just movies inspired by real life but life itself showcased in all its raw and unscripted glory. The content from ZEEL’s association with BBC Studios,...

Television TV Channels Movie Channels
MTV to up its game in 2019 with new format shows

After claiming to have doubled its viewership in 2018, MTV is all set to up its game by launching the eighth season of MTV Unplugged, a singing show, on 26 January, 8 pm onwards. Royal Stag Barrel Select and MTV have collaborated to present the program.

Television TV Channels Music and Youth
Hindi Movies most benefited genre in Chrome DM week 2

With a growth of 0.93 per cent as compared to last week (1), the Hindi movies genre marked the highest opportunity to see (OTS) among all categories in week 2 of Chrome Data Analytics & Media. In the Hindi ovies genre, Rishtey Cineplex gained the highest OTS with 95.1 per cent in HSM excluding...

Television TV Channels Viewership
Pro Volleyball League players present Mumbai team jersey to Sunil Gavaskar

Pro Volleyball League stars Mohan Ukkrapandian from Kochi Blue Spikets (L) and Ranjit Singh from Ahmedabad Defenders (R) present the official UMumba jersey to Mumbaikar and cricketing legend, Sunil Gavaskar, who is a panellist on Sony Pictures Networks India’s live studio show, Extraaa Innings.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories