Educomp Solutions Ltd reported audited numbers for the quarter and full year ended Mar 31, 2012.
The reported numbers for Q4 FY11 and full year ended 31st March 2011 include the impact of one-time exceptional business transfer revenue (BTA) of Rs. 1540 mn (Q4FY11), Rs. 2940mn (FY11). On a like to like comparison, after eliminating the impact of the one-time business transfer revenue, the key numbers for FY12 are:
Q4FY12 Consolidated Highlights (YoY)
Operational Revenue up 53% at Rs.5136 mn from Rs 3347 mn
EBITDA up 110% at Rs.1549 mn
EBITDA margin at 30% Vs 22%
Net profit up 317% at Rs.615 mn
Net profit margin at 12% Vs 4%
FY12 Consolidated Highlights (YoY)
Operational Revenue up 41% at Rs.14913 mn from Rs.10569 mn
EBITDA up 58% at Rs.4554 mn
EBITDA margin at 31% Vs 27%
Net profit up 56% at Rs.1355 mn
Net profit margin at 9% Vs 8%
Balance Sheet Update
Gross debt down to Rs 19438 mn in Q4 FY12 from Rs 20443 mn in Q3 FY12
Cash and bank balance up to Rs 3370 mn in Q4 FY12 from Rs 2405 mn in Q3 FY12
Fund raising process on-track to address the FCCB redemption in July 2012
Exploring opportunities of monetization of assets across businesses
Company received cash disbursement of Rs.633 cr until 31st Mar 2012 under securitization, against total sanction of Rs 690 cr
Segmental Highlights FY12 Consolidated Highlights (YoY)
School Learning Solutions operational revenue up 48% at Rs 10570 mn
K-12 Schools revenue up 29% at Rs 1756 mn
Higher Learning Solutions revenue up 9% at Rs 627 mn
Online, Supplement & Global revenue up 32% at Rs 1961 mn
Business Highlights
SmartClass added 17,815 classrooms in Q4, highest no. of classrooms added in a single quarter in the company’s history. This is a growth of 76% QoQ, and a growth of 161% YoY
SmartClass now reaches 12,652 schools and over 6.1 million+ students
SmartClass pricing at 3.67 lacs per classroom in Q4, up from Rs 3.36 lacs per classroom in Q3
FY12 Capex reduced by ~40% to Rs 4798 mn in FY12 from Rs 7940 cr in FY11 due to asset light strategy in K-12 segment