CL Educate Limited Announces Unaudited Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 31, 2019 at 08:56 pm IST
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CL Educate Limited announced unaudited consolidated and standalone unaudited earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 283.293 million as compared to INR 302.339 million a year ago. Loss for the period from continuing operations was INR 28.808 million as compared to loss of INR 25.217 million a year ago. Basic earnings per share were INR 2.05 as compared to loss of INR 1.77 a year ago.
For nine months, on standalone basis, the company reported revenue from operations of INR 1,297.167 million compared to INR 1,144.877 million a year ago. Profit for the period from continuing operations was INR 108.621 million as compared to INR 4.086 million a year ago. Basic earnings per share were INR 7.67 as compared to INR 0.29 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 693.687 million as compared to INR 648.663 million a year ago. Net Profit for the period was INR 49.314 million as compared to loss of INR 4.616 million a year ago. Basic earnings per share from continuing operations was INR 3.03 as compared to loss of INR 1.05 a year ago. Basic earnings per share was INR 3.51 against loss of INR 0.28 a year ago.
For the period, on consolidated basis, the company reported revenue from operations of INR 2,583.844 million as compared to INR 2,094.015 million a year ago. Net profit for the period was INR 174.776 million as compared to INR 72.990 million a year ago. Basic earnings per share from continuing operations were INR 10.95 as compared to INR 3.84 a year ago. Basic earnings per share was INR 12.48 against of INR 5.29 a year ago.
CL Educate Limited is an India-based technology-driven company in the education technology (EdTech) and marketing technology (MarTech) sectors. The Company specializes in both consumer and enterprise-focused businesses by offering a range of products and services through physical and digital delivery channels. Its segments include EdTech, MarTech and Others. EdTech segment comprises of business generated and serviced through educational services such as coaching, content, platform, and student mobility services. MarTech segment includes integrated solution driven services for corporates through experiential marketing and event management (physical and virtual events), marcomm, customized engagement programs (CEPs), transitioning business to metaverse, manpower services and sales management. Other segment includes discontinued K-12 business and scaled down vocational training business. The Company's ancillary services include continuous learning, career guidance and collegiate research.
CL Educate Limited Announces Unaudited Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018