Zee Learn on a stellar growth path

In morning trades, Zee Learn spurted up almost 15% to Rs.34.10 and it remains strongly in the green, at Rs.33 levels. Volumes are up over six times.

The market is thrilled with the Q1FY17 performance of the company, posting one of its highest earnings for a quarter. Its net profit for the first quarter was up 100% (YoY), up from Rs.4 crore to Rs.8 crore. Revenue rose 17% at Rs.42 crore and EBITDA was up 62% at Rs.13 crore. EBITDA margins too showed a healthy rise from 22.9% to 30.8%.

The company said it delivered sterling first quarter performance giving better than expected profits, strongly improving operating margins and has steadily progressed against fiscal 2017 planned initiatives.

What is phenomenal is that its net profit of Rs.8 crore in Q1 is already over 50% of FY16 net profit of Rs.15 crore; with three more quarters to go, clearly the company is on a winning streak.