CORE Education & Technologies Ltd Limited, India’s largest global education player, today announced its annual audited results for FY’12.
The company has recorded an impressive growth both in revenue and PAT on a YoY basis. The Company reported higher revenue at Rs. 16.38bn for the year ended 31st March 2012 as against Rs. 10.91bn for the year ended 31st March 2011 (an increase of 50.1%).
The earnings before interest, tax, depreciation and amortization (EBITDA) for FY’12 has increased to Rs. 654 crore as against Rs. 409 crore, over the previous year (a growth of 60%). The Profit After Tax (PAT) for FY’12 has increased to Rs. 3.23bn as against Rs. 2.25bn over the previous year ended 31st March 2011 (a growth of 44%). Earnings per share (basic) for FY’12 increased to Rs. 29.05 from Rs. 21.79 in FY’11, an increase of 33%
Sanjeev Mansotra – Chairman and Global CEO, said "We have been performing consistently and our different verticals have showed healthy performance on both absolute as well as margin parameters. The strong growth shown by business units across the board – in US, UK and India- reflects company’s remarkable resilience and illustrates the benefits of concentrated organizational efforts over the past few years aimed at increasing stakeholder value”.
He further added “As we embark on our next phase of consolidation in existing business lines and growth in new geographies we are confident of meeting our growth objectives. We have made some significant progress in India with total order book of Rs. 568 crores which would be the key growth driver along with our pan-India roll-out of skill schools. “