Q1FY13 net rises 54% to Rs. 8.02
crore
Tree House Education and Accessories Limited (‘Tree House”), one of the leading
providers of educational services in India and operating the largest number of
self-operated pre-schools in the country (CRISIL Research Industry Report”), has
come up with a stellar performance by posting a 54 percent growth in its net
profit for the first quarter ended June 30, 2012 amounting to Rs. 8.02 crore.
The total income rose by 69% to Rs. 28.4 crore during the first quarter ended
June 30, 2012. The EBITDA for the first quarter of the current fiscal rose 67%
to Rs. 16.7 crore.
The
Company had a net addition of 2 pre-schools in Q1 FY 2013 and the total number
of centres as of June 30, 2012, was 304 across 37 cities. Out of this, the
number of self-operated centres was 241 with the ratio of self-operated to total
pre-schools standing at 79%. It provides school management services to 21 K-12
schools in 3 states. The total staff strength as of Q1 FY 2013 was 1,320. The
total teacher strength was 1,246, representing a net addition of 229 teachers in
the first quarter. The year-on-year Q1 FY 2013 vs
Q1 FY2012 revenue growth in same self-operated pre-school centres has been 34%.
The traction in pre-schools operating for more than 12 months continues to be
strong.
Commenting
on the Q1 FY13 performance, Mr. Rajesh Bhatia, Promoter and Managing
Director, Tree House Education and Accessories
Limited, said “TreeHouse’s first quarter performance is a direct
result of the excellent work the team has done in the past few quarters. The
student intake in all our centres has seen significant growth compared to the
last year. Our innovative teaching methods continue to be appreciated by parents
across the country, which is reflected in our student enrollment. This quarter
saw the start of the first academic year in Guwahati, Ranchi and Patna
The
Company signed a Non-Binding Memorandum of Understanding with MT Educare Limited
for the transfer of MT Educare Limited’s ‘pre-school division’ comprising six
self-operated centres located at Mumbai and Pune. The transaction will be closed
subject to the usual due diligence. The Company consolidated the backend
logistics by starting dispatches from the Central Dispatch Facility (CDF) in
Mumbai.
Tree House
Education & Accessories Limited
Treehouse Education and
Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540) runs quality
preschools and also provides educational services to K-12 schools throughout the
country. The Company successfully completed its initial public offering in
August 2011. Treehouse has revolutionized the concept of pre-school pedagogy in
India
For
more updates and information on the company, please visit the Company website
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