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Tree House Education Q2FY13 net rises 88% to Rs. 9.93 crore


Total Income up 73% to Rs. 31. 4 crore
November 10, 2012: Tree House Education and Accessories Limited (‘Tree House”), one of the leading providers of educational services India and operating the largest number of self-operated pre-schools in the country (CRISIL Research Industry Report”), has come up with a stellar performance by posting a 88 percent year-on-year growth in its net profit for the second quarter ended September 30, 2012 amounting to Rs. 9.93 crore compared to Rs 5.7 crore reported in the same period of the last fiscal.. The total income rose by 73% to Rs. 31.4 crore during the second quarter ended September 30, 2012 compared to Rs 18.1 crore reported during the same period of the last fiscal. The EBITDA for the second quarter of the current fiscal rose 65% to Rs. 18.8 crore compared to Rs 11.3 crore in the same period of last fiscal
 
The Company had a net addition of 5 pre-schools in Q2 FY 2013 and the total number of centres as of September 30, 2012, was 309 across 37 cities. Out of this, the number of self-operated centres was 243 with the ratio of self-operated to total pre-schools standing at 79%.
 
Tree House provides school management services to 21 K-12 schools in 3 states. The total staff strength as of Q2 FY 2013 was 1,450 representing net addition of 130. The total teacher strength was 1,379, representing a net addition of 133 teachers in the second quarter. The year-on-year Q2 FY 2013 vs Q2 FY2012 revenue growth in same self-operated pre-school centres has been 35%. The traction in-schools operating for more than 12 months continues to be strong.

Due diligence  for the transfer of MT Educare Limited’s ‘pre-school division’ comprising six self-operated centres located at Mumbai and Pune has been completed. The transaction will be completed in coming quarter.
 
Commenting on the performance for Q2 FY2013, Mr. Rajesh Bhatia, Promoter and Managing Director, Treehouse said,“Treehouse’s second quarter performance is in line with the guidance indicated by us at the beginning of the year. The Treehouse brand is getting more entrenched in the cities we operate in. Admissions have begun for the next academic year 2013-14 and the lead market indicators point to continued traction and momentum across all our preschool centers. The K-12 division is also performing in line with our internal projections and all the schools managed by us have shown good traction in new enrollments”

He further added “My team and I are committed to building a world-class, sustainable and profitable education Company which caters to the basic need of society. While we have grown substantially in the past, our journey has just begun. We are building a truly unique Company which will create value for our shareholders for years to come.”


Tree House Education & Accessories Limited
Treehouse Education and Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540) runs quality preschools and also provides educational services to K-12 schools throughout the country. Treehouse has revolutionized the concept of pre-school pedagogy in India through the use of innovative teaching methods and child-focused personal care.

For day to day updates on what’s happening at our centers, follow us on Facebook at www.facebook.com/treehouse.playgroup

For more updates and information on the Company, please log on to www.treehouseplaygroup.net

Please contact  Aryan Rana, Adfactors PR 09930372436, 09820531932

                                           

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