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Tree House Education Q3 net rises 50%

The total revenue grew by 36.67% to Rs39.73 crore during Q3 FY14.

February 07, 2014 10:51 IST | India Infoline News Service
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 Rs12.10 crore.

The total revenue grew by 36.67% to Rs39.73 crore during Q3 FY14.  The EBITDA for Q3 FY14 is Rs24.53 cr compared to Rs16.31 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.”
 

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