BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported lowered results for Q2-2015. Total Income from operations (TIO) for Q2-2015 at Rs 22.76 crore was 39 per cent less than the Rs 37.30 crore in the immediate trailing quarter and 4.8 per cent lower than the Rs 23.91 crore in the corresponding year ago quarter. For HY-2015, Zee Learn’s TIO at Rs 60.06 crore was 4.6 per cent higher than the Rs 57.43 crore in HY-2014.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
PAT for Q2-2015 at Rs 1.14 crore (5 per cent of TIO) was 68 per cent lower than the Rs 3.56 crore (9.6 per cent of TIO) in Q1-2015 and 2.13 times the Rs 0.54 crore (2.2 per cent of TIO) in Q2-2014. For HY-2015 PAT at Rs 4.7 crore (7.8 per cent of TIO) was 24.4 per cent higher than the Rs 3.78 crore (6.6 per cent of TIO) in HY-2014.
Zee Learn’s Total expenditure (TE) in Q2-2015 at Rs 19.18 crore (84.3 per cent of TIO) was 38.5 per cent lower than the Rs 31.17 crore (83.6 per cent of TIO) in Q1-2015 and 14 per cent lower than the Rs 22.31 crore (93.3 per cent of TIO) in Q2-2014. HY-2015 TE at Rs 50.35 crore (83.8 per cent of TIO) was 3.8 per cent lower than the Rs 52.36 crore (91.2 per cent of TIO) in HY-2014.
The company’s marketing, advertisement and publicity expense (marketing expense) in Q2-2015 at Rs 1.58 crore (6.9 per cent of TIO) was 36.3 per cent less than the Rs 2.47 crore (6.6 per cent of TIO) in Q1-2015 and 16.7 per cent lower than the Rs 1.89 crore (7.9 per cent of TIO) in Q2-2014. Marketing expense in HY-2015 at Rs 4.05 crore (6.7 per cent of TIO) was 26.3 per cent lower than the Rs 5.49 crore (9.6 per cent of TIO) in HY-2014.
Employee Benefit Expense (EBE) for Q2-2015 at Rs 5.84 crore (25.7 per cent of TIO) was 13.2 per cent lower than the Rs 6.73 crore (18 per cent of TIO) and 22.2 per cent lower than the Rs 7.51 crore in Q2-2014. EBE for HY-2015 at Rs 12.57 crore (20.9 per cent of TIO) was 20.6 per cent lower than the Rs 15.82 crore (27.5 per cent of TIO) in HY-2014.
Operating cost in Q2-2015 at Rs 0.51 crore (2.2 per cent of TIO) was 24.5 per cent lower than the Rs 0.68 crore (1.8 per cent of TIO) and 37.3 per cent lower than the Rs 0.82 crore (3.4 per cent of TIO) In HY-2015, operating cost at Rs 1.19 crore (2 per cent of TIO) was 25.7 per cent lower than the Rs 1.60 crore (2.8 per cent of TIO) in HY-2014.
Depreciation and amortisation expense (depreciation) in Q2-2015 at Rs 1.67 crore (7.4 per cent of TIO) was 15 per cent lower than the Rs 1.97 crore (5.3 per cent of TIO) in Q1-2015 and 4.6 per cent lower than the Rs 1.75 crore (7.3 per cent of TIO) in Q2-2014. HY-2015 depreciation at Rs 3.62 crore (6 per cent of TIO) was 10.2 per cent more than the Rs 3.29 crore (5.7 percent of TIO) in HY-2014.
Other expense in Q2-2015 at Rs 5.49 crore (24.1 per cent of TIO) was 8.2 per cent lower than the Rs 5.98 crore (16 per cent of TIO) in Q1-2015 and 0.8 per cent more than the Rs 5.45 crore (22.8 per cent of TIO) in Q2-2014. Operating cost in HY-2015 at Rs 11.35 crore (18.9 per cent of TIO) was 1 per cent lower than the Rs 11.47 crore (20 per cent of TIO) in HY-2014.
