NE BUSINESS BUREAU

VADODARA, NOV 4

CL Educate Ltd., India’s only listed EdTech and MarTech entity, and owner of CareerLauncher (popular TestPrep brand),  has reported that its PAT for the six months ending September 30, 2021 grew 10-fold from Rs 0.59 crore in H1FY21 to Rs 6.23 crore in H1FY22. This is largely on account of business revival from pandemic induced dips in revenues & profits witnessed over last 6 quarters. Numbers have also been boosted by the omni-channel approach followed by its EdTech and MarTech businesses, says a release.

The total income grew by 9 percent to Rs. 106.6 crore during the reporting period as compared to Rs. 97.9 crore during the same period of last year. The  EBITDA grew by 63 percent to Rs 15.0 crore with the margin at 14.1 percent during H1 of FY22 as compared to Rs 9.2 crore with the margin at 9.4 percent during H1 of FY21. the  profit after tax, including other comprehensive income, grew nearly 10-fold at Rs 6.2 crore during H1 FY22 as compared to Rs 0.6 crore during H1 FY21.

The total income grew by 3 percent at Rs 54.0 crore and the EBITDA grew by 16 percent to Rs 8.1 crore in Q2FY22 from Rs 52.6 crore and Rs.6.9 crore, respectively, during Q1FY22. The   PAT (including other income) grew by 10 percent to Rs 3.3 crore in Q2FY22 from Rs 3.0 crore during Q1FY22.

Commenting on the results, Arjun Wadhwa, CFO, CL Educate said, “We expect growth in sales & profits across our EdTech & MarTech businesses over the next 6-8 quarters. Besides external factors of business revival and improving sentiment, the other reason fueling this are the measures we tooksince last year that are beginning to pay off.”