BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported lowered results for Q2-2015. Total Income from operations (TIO) for Q3-2015 at Rs 19.84 crore was 12.8 per cent less than the Rs 22.76 crore in Q2-2015 and 12.6 per cent less than the Rs 22.70 crore in the corresponding year ago quarter. For 9M-2015, Zee Learn’s TIO at Rs 79.90 crore was 0.3 percent less than the Rs 80.13 crore in 9M-2014.

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

 PAT for Q3-2015 at Rs 1.09 crore (5.5 per cent of TIO) was 4 per cent less than Rs 1.14 crore (5 per cent of TIO) in Q2-2015). In Q2-2014, the company had reported a loss of Rs 3.38 crore. For 9M-2015 PAT at Rs 5.8 crore (7.3 per cent of TIO) was more than 14 times (14.4 times) the PAT of Rs 0.40 crore (0.5 percent of TIO) in 9M-2014.

 Let us look at the other Q3-2015 and 9M-2015 figures reported by Zee Learn

 Zee Learn’s Total expenditure (TE) in Q3-2015 at Rs 16.91 crore (85.2 per cent of TIO) was 11.8 per cent less than the Q2-2015 TE at Rs 19.18 crore (84.3 per cent of TIO) and was 29.6 per cent lower than the Rs 24 crore (105.7 per cent of TIO) in Q3-2014. 9M-2015 TE at Rs 62.76 crore (78.6 per cent of TIO) was 18.8 per cent less than the Rs 77.27 crore (96.4 per cent of TIO) in 9M-2014.

 The company’s marketing, advertisement and publicity expense (marketing expense) in Q3-2105 at Rs 1.41 crore (7.1 per cent of TIO) was 11.1 per cent less than the Rs 1.58 crore (6.9 per cent of TIO) in the immediate trailing quarter and was 28.3 per cent less than the Rs 1.95 crore (8.6 per cent of TIO) in Q3-2014. Marketing expense in 9M-2015 at Rs 5.45 crore (6.8 per cent of TIO) was 26.7 per cent lower than the Rs 7.44 crore (9.6 per cent of TIO) in 9M-2014.

Employee Benefit Expense (EBE) for Q3-2015 at Rs 6.33 crore was 8.4 per cent more than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 14.4 per cent lower than the Rs 7.4 crore (32.6 per cent of TIO) in the year ago quarter.  EBE for 9M-2015 at Rs 18.91 crore (23.7 per cent of TIO) was 18.6 per cent lower than the Rs 23.22 crore (32.6 per cent of TIO) in 9M-2014.

Operating cost in Q3-2015 at Rs 0.75 crore (3.8 per cent of TIO) was 47 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in Q2-2015 and was 8.4 per cent lower than the Rs 0.82 crore (3.6 per cent of TIO) in Q3-2014. In 9M-2015, operating cost at Rs 1.94 crore (2.4 per cent of TIO) was 19.8 per cent lower than the Rs 2.42 crore (3 per cent of TIO) in 9M-2014.

Depreciation and amortisation expense (depreciation) in Q3-2015 at Rs 1.51 crore (7.6 per cent of TIO) was 10.1 per cent lower than the Rs 1.67 crore (7.4 per cent of TIO) in Q2-2015 and was 13.1 per cent lower than the Rs 1.73 crore (7.6 per cent of TIO) in Q3-2014. 9M-2015 depreciation at Rs 5.13 crore (6.4 per cent of TIO) was 2.2 per cent more than the Rs 5.02 crore (6.3 per cent of TIO) in 9M-2014.

 Other expense in Q3-2015 at Rs 4.31 crore (21.7 per cent of TIO) was 21.4 per cent less than the Rs 5.49 crore (24.1 percent of TIO) in Q2-2015 and was 27.4 per cent lower than the Rs 5.94 crore (26.2 per cent of TIO) in Q2-2014. Operating cost in 9M-2015 at Rs 15.78 crore (19.7 per cent of TIO) was 8.8 per cent lower than the Rs 17.30 crore (21.6 per cent of TIO) in 9M-2014.