Tree House Education Q4 net profit at Rs80.4mn

India Infoline News Service | Mumbai |

The EBITDA for FY 2013 was Rs.89.23 crore compared to Rs 68.87 for FY2013, representing 44.36% y-o-y growth.

Tree House Education and Accessories Limited (‘Tree House”), India's largest self-operated pre-school chain, today, has posted a Total Income of Rs. 157.64 crore in the FY 2014 as compared to Rs. 114 crore (audited) for the FY 2013, representing 37.94% y-o-y growth. The Net Profit for FY 2014 was Rs. 43.92 crore as compared to Rs. 33.33 crore (audited) for the entire FY 2013, representing 31.77% y-o-y growth. The EBITDA for FY 2013 was Rs.89.23 crore compared to Rs 68.87 for FY2013, representing 44.36% y-o-y growth.  
 
Mr. Rajesh Bhatia, Promoter and Managing Director, TreeHouse said, “ FY2014 was another important year for the company as we build one of India’s top consumer-centric services companies. We were able to grow the number of preschool centers by 29.2%, which has brought us close to the magical 500 mark”
 
“As we move from a low-income to a middle-income country, we are seeing a critical period in the life cycle of our nation. Improvement in physical infrastructure and better consumer confidence will surely see a spurt in demand for essential and basic consumer services, of which quality education is the top priority of each family. We at Treehouse have built the network, brand name, vintage and processes to cater to the projected rise in demand” Mr Bhatia said
 
“I am optimistic that the hard work put in by the Treehouse team will continue to deliver results and we will continue to maintain our leadership status in the preschool industry”
 
“I again take this opportunity to thank all our stakeholders who continue to contribute in  our   growth. We remain committed to our goal 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.” He said
 
New Pre Schools opened in  FY2014
There was a net addition of 46 preschools in the 4th quarter of FY2014. 
Total number of centers as on March 31, 2014 is 490.
111 new preschool centers were opened during the year.
The number of self-operated preschools is 386 compared to 300 a year back.
Ratio of self operated preschools to total preschools is 78.77%.
 
Geographical coverage
Currently present in 63 cities in India.
New cities launched in the quarter are : Bhopal (6) , Jamshedpur (2) , Mangalore (3),Durgapur (2) , Bhubaneswar (2), Amritsar (4) 
 
 
K-12 school management services
The Company provides school management services to 24 K-12 schools in 3 states in India.
Construction for the Baroda and Jhunjhunu Educational complexes has been completed during the year.
 
Staff strength
Total staff strength as on March 31, 2014 is 1965. ( +124 for the quarter,+324 for the year)
Total teacher strength as on March 31, 2014 is 1880 ( +122 for the quarter, +318 for the year)
 

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