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The Board of Directors at its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Learn Limited (ZLL) and its subsidiaries for the quarter and nine months ended 31 December 2020.Commenting on the business performance, Vikash Kumar Kar, Whole Time Executive Director and CEO, Zee Learn Limited said, "The core education sector is yet to fully recover from the adverse impacts caused due to the pandemic.Despite the ongoing challenges, the company continues to offer high-quality pedagogical support to meet the learning needs of its students, while staying sharply focused on its business continuity measures. We hope the various government notifications on the gradual reopening of the educational institutions will improve business situation progressively. The company will be leveraging its network strengths to rebuild and drive positive growth in the coming days."Rakesh Agarwal, Chief Financial Officer, Zee Learn Limited, said, "We hope that the educational sector is revived soon by reopening of schools and other institutions. The company continues to follow a strict financial regime to protect the overall earnings & profitability of the company in these pandemic times."Financial Highlights: Zee Learn Limited Consolidated Rs in CroreQuarter ended Nine months ended31 December 2020 30 September 2020 31 December 2019 31 December 2020 31 December 2019Particulars Unaudited Unaudited Unaudited Unaudited UnauditedRevenue from operations 51.19 76.27 117.84 210.13 409.20Other Income 17.93 13.40 8.48 41.29 31.81Total Revenue 69.12 89.67 126.32 251.42 441.01COGS / Operational Cost 4.59 21.00 24.99 43.01 104.05Employee benefits expense 25.05 24.43 34.71 79.93 106.67Selling and marketing expenses 1.42 1.94 2.50 5.03 14.70Other expenses 12.72 8.98 11.40 33.14 32.98Total expenses 43.79 56.34 73.61 161.11 258.40EBITDA 7.40 19.93 44.23 49.02 150.80EBITDA percent 14 percent 26 percent 38 percent 23 percent 37 percentFinance Cost 12.28 12.69 15.30 37.39 46.06Depreciation & amortization expenses 12.68 13.20 15.05 39.67 44.83Profit before tax and exceptional items 0.38 7.43 22.35 13.24 91.72Profit before tax and exceptional items percent 1 percent 10 percent 19 percent 6 percent 22 percentTax 0.16 5.18 6.03 7.43 24.38Profit after tax 0.21 2.24 16.32 5.81 67.34Profit after tax percent 0 percent 3 percent 14 percent 3 percent 16 percentFinancial Highlights: Zee Learn Limited Standalone Rs in croreQuarter ended Nine months ended31 December 2020 30 September 2020 31 December 2019 31 December 2020 31 December 2019Particulars Unaudited Unaudited Unaudited Unaudited UnauditedRevenue from operations 15.13 19.58 34.88 69.95 142.87Other Income 7.01 7.05 6.63 20.93 17.49Total Revenue 22.14 26.63 41.51 90.89 160.36COGS / Operational Cost 1.65 3.04 3.58 13.23 21.78Employee benefits expense 5.92 6.20 7.26 18.82 22.91Selling and marketing expenses 1.25 1.53 1.37 4.39 7.17Other expenses 4.60 1.93 4.42 12.01 13.20Total expenses 13.42 12.71 16.62 48.45 65.07EBITDA 1.72 6.87 18.25 21.50 77.80EBITDA percent 11 percent 35 percent 52 percent 31 percent 54 percentFinance Cost 6.03 6.39 6.22 18.44 18.49Depreciation and amortization expense 2.23 2.23 1.90 6.70 6.41Profit before tax 0.47 5.29 16.76 17.30 70.39Profit before tax percent 3 percent 27 percent 48 percent 25 percent 49 percentTax 0.15 1.28 4.09 4.32 18.15Profit after tax 0.31 4.01 12.68 12.98 52.24Profit after tax percent 2 percent 20 percent 36 percent 19 percent 37 percentKey Business IndicatorsDecember 2020 end December 2019 endPre K Schools 1,956 1,916K-12 Schools 142 139Key Financial Indicators (Standalone)Q3 FY 21 Q3 FY 20Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 4.18 (22.35)EPS (Rs) 0.01 0.39EBIDTA percent 11 percent 52 percent9M FY 21 end 9M FY 20 endNet Bank Borrowings (Rs in cr) 105.75 103.30Debt Equity Ratio 0.40 0.39Key Financial Indicators (Consolidated)Q3 FY 21 Q3 FY 20Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 2.90 (1.54)EPS (Rs.) (0.01) 0.45EBIDTA percent 14 percent 38 percent9M FY 21 end 9M FY 20 endNet Bank Borrowings (Rs in cr) 305.32 297.25Debt Equity Ratio (excluding non-controlling interest) 0.81 0.76Recent Recognitions for Zee Learn:* Zee Learn selected as India's Most Admirable Education Brand 2020 by The Brand Story* Zee Learn awarded as the "Most Desired Brand in Education" under the Diversified category, 2020* Zee Learn recognised as the Company of the Year 2020 by The CEO Story magazine in the COVID Special edition* KidzeeRecognised as Leading Preschool Chain (National) at the 17th World Education Summit & Awards 2020* Kidzee awarded for Innovation in Preschool Pedagogy at the 17th World Education Summit & Awards 2020* Kidzee awarded for Innovation in the Curriculum in Early Childhood Development at the 17th World Education Summit & Awards 2020* Kidzee won the National Early Child playschool chain of the year award at the 10th Annual Indian Education Award 2020, Feb 2020* Mount Litera Zee School awarded for Innovation in Special Needs Education at the 17th World Education Summit & Awards 2020* Mount Litera Zee School awarded National K12 School Chain of the year at the Education Innovation Awards 2020* Zee Learn certified as Great Place to Work for the period 2019-2020* Zee Learn recognized as Dream Compes to Work for in Education sector 2020 by World HRD Congress* Zee Learn recognized for its outstanding contribution to quality education in India by Business Vision Magazine, Nov 2019* Zee Learn recognized as Premier Franchise to Watch for in 2019 by Insights Success magazine, Oct 2019* Kidzee wins the award for National Early Child Playschool Chain of the year 2019 by Franchise India* Mount Litera Zee School won the Franchisor of the Year 2019 award by Franchise India* Mount Litera Zee School wins the award for National K12 School Chain of the Year 2019 by Franchise India.* ZIMA featured in the Academic Insight's "Maharashtra's top 20 Educational Institute" issue, 2019This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :Zee Learn Limited announces Q3 FY21 results

The Board of Directors at its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Learn Limited (ZLL) and its subsidiaries for the quarter and nine months ended 31 December 2020. ...