Performance Highlights for Q1FY 2015
· Tree House preschool network crosses 500 mark
· Operational EBITDA at INR 33.28 cr, up y-o-y by 46.09%
· Revenue from Operations at INR 53.91 cr, up y-o-y by 31.90%
· Profit after tax at INR 16.06 cr, up y-o-y by 30.56%
· EPS (Fully diluted) for the quarter is INR 4.26
· Opened 15 preschool centers in the quarter, taking total to 505
· New cities launched in the quarter are : Kozhikode, Ajmer, Bikaner and Gorakhpur
Mumbai,
6 AUG, 2014: Tree House Education and
Accessories Limited (‘Tree House”), India's largest self-operated pre-school
chain, has come up with a stellar performance by posting 46.09% rise in
operational EBITDA which stood at Rs 33.28 crore in Q1FY2015 compared to
Rs 22.78 crore posted in the 1st quarter of FY2014. The total income
rose by 31.09% to Rs 53.91 crore during the first quarter ended June 30, 2014
compared to Rs 40.87 crore posted in the same period of the last financial
year. The company has reported 30.56% percent growth in its net profit for the
first quarter ended June 30, 2014 amounting to Rs 16.06 crore. compared to Rs
12.30 crore posted in the same period of the last financial year. EBITDA margin
for Q1 FY2015 is 61.73% and Net profit margin for Q1 FY2015 is 29.79%.
The
Company had a net addition of 15 pre-schools in Q1 FY 2015 and the total number
of centres as of June 30, 2014, was 505 across 67 cities. Out of this, the
number of self-operated centres was 403 with the ratio of self-operated to
total pre-schools standing at 79.80%.
It
provides school management services to 21 K-18 schools in 3 states in India.
The company changed the terms of service agreement for 6 K-12 schools in Sikar
from exclusive to non-exclusive need based services.
The
total staff strength as of March 31, 2014 is 1897 and total teacher strength as
on March 31, 2014 is 1812.
Non-financial highlights
·
Mr. Deepak
Parekh, Chairman HDFC, inaugurated our biggest Global Champs center inside
Dharavi, Mumbai, Asia’s biggest slum.
·
Number of centers
crossed 500 in this quarter
Mr.
Rajesh Bhatia, Promoter and Managing Director, Treehouse said, “ I am extremely pleased to announce our financial
results for Q1FY2015. This quarter saw us cross Rs 50crore quarterly revenue
for the first time. We also crossed the 500 center mark this quarter and are
poised for exponential growth in centers in the coming quarters also.
With
the opening of every new center and city, we sow the seed of future
profitability and growth. With 500+ centers spread across the country, we are
ideally positioned to benefit from increased expenditure by the Indian middle
class. The education sector will be the first and primary beneficiary of
increased consumer spending. Treehouse with its brand name, network, and self-operated
structure is ideally positioned to benefit from any rise in demand.
My
team and I stand committed to create one of India’s leading retail consumer
services brand which will deliver long term benefits for all its stakeholders,
the community and the nation as a whole.” Mr Bhatia said.
Tree
House Education & Accessories Limited
Tree
House Education and Accessories Limited (NSE code: TREEHOUSE; BSE code:
533540, MCX-SX : TREEHOUSE ) 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
more updates and information on the Company, please log on to www.treehouseplaygroup.net
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