Tree House Education & Accessories Limited (Treehouse) reported its financial results for the 4 th quarter and year ended March 31, 2013
Financial Highlights for the quarter
Total Revenue for the 4th quarter of FY2013 is Rs31.07 cr compared to Rs23.40 cr for the 4th quarter of FY2012, representing 32.77% y-o-y growth.
EBITDA for the 4th quarter of FY2013 is Rs 15.86 cr compared to INR 12.16 cr for the 4th quarter of FY2012, representing 30.42% y-o-y growth.
Profit after tax for the 4th quarter of FY2013 is Rs 7.34 cr compared to Rs 5.06 cr for the 4th quarter of FY2012, representing 45.05% y-o-y growth.
EBITDA margin for Q4 FY2013 is 51.04%
Net profit margin for Q4 FY2013 is 23.62%
New Pre Schools opened in Q4 FY2013
Net addition of 30 pre schools in the 4th quarter of FY2013.
Total number of centers as on March 31, 2013 is 379.
Out of this, the number of self operated preschools is 300.
Ratio of self operated preschools to total preschools is 79.15%.
Currently present in 43 cities.
New cities launched in the quarter are : Lucknow, Gandhinagar, Palghar, Nasik
Same self-operated preschool centers: a comparative study
Year-on-year (FY2013 vs. FY2012) revenue growth in same self-operated preschool centers has been 33.40%.
Admissions for the academic year 2013-2014 show good traction .
K-12 school management services
The Company provides school management services to 24 K-12 schools in 3
Total staff strength as on March 31, 2013 is 1641, showing a net addition of 112
employees in the quarter.
Total teacher strength as on March 31, 2013 is 1562, representing a net addition
of 109 teachers during this quarter.
The teaching staff increased by 7.5% in the quarter. This is due to new locations opened.
The Board of Directors of the Company has recommended an increase in dividend from 10% last year to 12.50% in the current year, i.e. Rs. 1.25 per equity share of face value of Rs. 10 each. This is subject to shareholder's approval.
The Company had announced a unique initiative of opening Global Champs
preschools which aim at providing pre-primary education at very affordable price
points. These preschools cater to community helpers who aspire for quality
education for their children.
4 Global Champs centers have been launched this quarter in Mumbai for the
academic year 2013-14.
Site for the 5th center has been shortlisted in Dharavi, Mumbai.
Rajesh Bhatia, Promoter and Managing Director, TreeHouse said, "While announcing the results for FY12, I had said that 'My team and I are committed towards delivering above industry growth in revenue and profits in the coming year'. I am pleased to announce our results for FY13 which show a 49.63% year-on-year growth in revenue and a 53.88% year-on-year growth in PAT for the company. While these results are another milestone in our journey, we believe that the journey has just begun. As we gain acceptance and garner market share in city-after-city, and as the K12 schools we serve become known for their quality, the Treehouse brand is becoming stronger day-by-day. We at TreeHouse are committed in creating a holistic Company catering to all, through both the TreeHouse brand and the Global champs initiative as we move ahead. We believe that Education for All, preschool education and Early Childhood Care is increasingly gaining importance and popularity thanks to our Company's paradigm shift in preschool offering via Company operated centers. The thrust towards this shall continue in the years forward."
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