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Educomp consolidated revenue down 6pc

Posted on Nov 09, 08:27PM | IBNS

Educomp Solutions Ltd, a globally diversified education solutions provider, on Friday reported its audited numbers for the quarter ended Sep 30, 2012.

Q2-FY13 Consolidated Highlights

Consolidated Revenue was Rs 3,021 mn, down 6pc on a yoy basis

EBITDA was Rs 714 mn, up by 3pc compared to Q2FY12

EBITDA margin was 24pc , compared to 22pc during the same period last year

Net profit was Rs 36mn

Q2-FY13 Segmental Highlights (Consolidated)

School Learning Solutions Revenue was Rs 1,671 mn

K-12 Schools Revenue was Rs 482 mn, up 9pc on a yoy basis

Higher Learning Solutions Revenue was Rs 227 mn, up 155pc on a yoy basis

Online, Supplement and Global Revenue was Rs 642 mn, up 34pc

Q2-FY13 Business Highlights

SmartClass added 5,112 classrooms in Q2FY13 across 787 schools

SmartClass Price for Q2FY13 was Rs 3.46 lakh, as compared to Rs 3.2 lakh in Q1FY13, an increase of 9pc (QoQ) signalling price stabilization after several quarters of price erosion

SmartClass now reaches 14,292 schools and 6.6 million students

ICT business EduReach reaches 10,771 schools and 5.9 million students

K12 business had a total of 37,480 students enrolled across 66 schools; K12 subsidiary EISML Revenue was Rs 332mn, up 23pc on a yoy basis, with an EBIT margin of 67pc

Capex reduced by ~46pc as compared to Q2 FY12 on back of asset-light strategy adopted in K-12

H1-FY13 Consolidated Highlights

H1 Consolidated Revenue was Rs 6,274 mn, up 2pc on a yoy basis

H1 EBITDA was Rs 1,423 mn, compared to Rs 1,726mn in the same quarter last year

H1 Net profit was Rs 85 mn

H1-FY13 Segmental Highlights (Consolidated)

School Learning Solutions H1 Revenue was Rs 3,467 mn

K-12 Schools H1 Revenue was Rs 992 mn, up 13pc on a yoy basis

Higher Learning Solutions H1 Revenue was Rs 368 mn, up 13pc on a yoy basis

Online, Supplement and Global H1 Revenue was Rs 1,447 mn, up 57pc compared to H1 last year