Total
Income up 36.67% to INR 39.73 cr
Ø New cities
launched in the quarter are : Jodhpur
and Udaipur
Ø
Plans to open new preschools in 10 new cities
Ø Preschool
Education Advisory Board headed by Dr. Prerna Mohite constituted
Tree House Education and Accessories
Limited (‘Tree House”), which runs quality pre-schools and also provides
educational services to K-12 schools throughout India, posted a 50.31% y-o-y
growth
in its net profit for the quarter ended December 31, 2013 (Q3 FY14) amounting
to INR 12.10 crore.
The total revenue grew by 36.67% to INR 39.73 crore
during Q3 FY14. The EBITDA for Q3 FY14
is INR 24.53 cr compared to INR 16.31 cr
for the 3rd quarter of FY2013, representing 50.39% y-o-y growth. The
operational EBITDA margin for Q3 FY14 was 61.74% and
the net profit margin was 30.44%.
Tree House had a net addition of 18
pre-schools in Q3 FY 2014 and the total number of centres as of December 31,
2013, was 444 across 57 cities. Out of this, the number of self-operated
centres was 340 with the ratio of self-operated to
total pre-schools standing at 76.57%. It
provides school management services to 24 K-12 schools in 3 states. The total
staff strength as of Q3 FY 2014 was 1841.
The total teacher strength was 1758.
Mr. Rajesh Bhatia, Promoter and Managing Director,
Tree House said, “In a challenging
consumer environment, we have been able to grow on various parameters on a
y-o-y basis. We focused on cost control and improved operational efficiency for
sustainable growth.
We believe
that the next big opportunity for growth within the preschool segment is in the
Tier II and III towns across India. With growing awareness and increased per
capita incomes we are seeing demand for quality preschool education in the
non-metros. Hence, we plan to open new
preschools in 10 new cities in the immediate future. Our Jodhpur and Udaipur
launches are a step in this direction. Our endeavor is to have 500 center milestones
in the current financial year.
I thank
all our stakeholders who continue to believe in the Treehouse growth theme. We shall
continue our efforts to create one of India’s leading consumer services brand,
which will create sustainable value for all its stakeholders for a long time to
come.”
Tree House Education & Accessories Limited
Tree House
Education and Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540,
MCX-SX : TREEHOUSE ) runs quality preschools and also provides educational services
to K-12 schools throughout the country.
TreeHouse has revolutionized the concept of pre-school pedagogy in India
through the use of innovative teaching methods and child-focused personal care.
For more
updates and information on the Company, please log on to www.treehouseplaygroup.net
For day to day updates on what’s happening at our centers, follow
us on Facebook at www.facebook.com/treehouse.playgroup
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