New Delhi: CL Educate Ltd., (NSE, BSE: CLEDUCATE), India’s only listed EdTech and MarTech entity, and owner of CareerLauncher (popular TestPrep brand), following its board meeting on October 30th has reported that its PAT for the period ending September 30, 2021 grew 10-fold from Rs. 0.59 Crore in H1FY21 to Rs. 6.23 crore in H1FY22, 2021. This is largely on account of business revival from pandemic induced dips in revenues & profits witnessed over last 6 quarters. Numbers have also been boosted by the omni-channel approach followed by its EdTech and MarTech businesses.
Review of consolidated financial performance for the Period Ended September 30, 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%.
- PAT (including other income) grew by 10% to Rs. 3.3 crore in Q2FY22 from Rs.3.0 crore during Q1FY22.
Commenting on the results, Arjun Wadhwa, CFO, CL Educate said, “We expect growth in sales & profits across our EdTech & MarTech businesses over the next 6-8 quarters. Besides external factors of business revival and improving sentiment, the other reason fueling this are the measures we took since last year that are beginning to pay off.”