/ Zee Learn Q3 Profits Soar, Stock Surges 4.7% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 12 January 2017

Zee Learn, an education support service provider posted its Q3 FY17 results which were better than expected street estimates. Company’s revenues came in at Rs 25.48 crore posting a de-growth of 24.1% qoq and a growth of 14.3% yoy. Company’s EBITDA came in at Rs 8.94 crore dropping 23.7% qoq but advancing 38% yoy. This was irrespective of 24.5% drop in the total expenses of the company in Q3FY17 as compared to the previous quarter.

Company’s net profit stood at Rs 6.08 crore as against Rs 7.59 crore during the last quarter and Rs 2.27 crore posted in the corresponding quarter of previous year. Company’s other income came in at Rs 1.67 crore, in line with the previous quarter but grew 108.8% from the same quarter of last year.

The stock of Zee Learn surged 4.7% at Rs 47.7 posting its third straight upbeat on daily basis. The stock posted highest volumes after December 19, 2016.
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