Zee Learn announces FY2013 results with 64.05% topline growth
Zee Learn has reported 64.05 % growth in its topline for the financial year ended March 31, 2013. As per FY2013 results, the company reported net revenue from operations for the 12 months ended March 31, 2013 at INR 10,007.76 lakhs against the INR 6,100.29 lakhs for the previous 12 months ended March 31, 2012.
Net income/ (Loss) for the year ended March 31, 2013 stood at (INR 2,122.35 lakhs) as compared to last year.
Navneet Anhal, CEO, Zee Learn said, "The improved performance is a result of increase in enrollments in Kidzee centers to over 73,000 students during the FY2013 from over 60,000 students in FY2012. Also for second consecutive financial years, we have signed more than 300 new Kidzee franchisees. Revenue from sale of educational content to India’s first Edutainment TV channels for children ‘ZQ’ has also contributed to the revenue growth for Zee Learn. At Zee Learn, we are committed to playing a catalyst role in improving India’s Human Capital and looking for opportunities to enhance our offerings in the education sector of the country. Our expansion plans across all brands are as per set targets and we are confident of steady and profitable growth in the coming quarters."
During FY2013, Zee Learn has expanded its reach to over 1250 Kidzee centers across India from over 1,000 in 2012 along with the launch of a new school solution program ‘BrainCafe’.
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