Zee Learn surges to above Rs 47
Shital Jibhe / 12 Jan 2017
The stock of Zee Learn, an education support service provider, surged by 4.7 per cent to settle at Rs 47.7; posting its third straight upbeat on daily basis. The stock posted highest volumes after December 19,2016. This was evident when Zee Learn posted its Q3FY17 results.
The stock of Zee Learn, an education support service provider, surged by 4.7 per cent to settle at Rs 47.7; posting its third straight upbeat on daily basis. The stock posted highest volumes after December 19,2016. This was evident when Zee Learn posted its Q3FY17 results.
Company’s net profit stood at Rs 6.08 crore as against Rs 7.59 crore during the last quarter and Rs 2.27 crore posted in the corresponding quarter of previous year. Company’s other income came at Rs 1.67 crore, in line with the previous quarter but grew by 108.8 per cent from the same quarter of last year.
With this, the company’s revenues reached at Rs 25.48 crore posting a de-growth of 24.1 per cent QoQ with a growth of 14.3 per cent on YoY. Company’s EBITDA came in at Rs 8.94 crore dropping by 23.7 per cent QoQ but advancing 38 per cent YoY. This was irrespective of 24.5 per cent drop in the total expenses of the company in Q3FY17 as compared to the previous quarter.
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