CL Educate Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 08:16 am EDT
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CL Educate Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 890.44 million compared to INR 895.62 million a year ago. Revenue was INR 940.49 million compared to INR 912.14 million a year ago. Net income was INR 54.81 million compared to INR 45.72 million a year ago. Basic earnings per share from continuing operations was INR 1.01 compared to INR 0.82 a year ago. Diluted earnings per share from continuing operations was INR 1.01 compared to INR 0.82 a year ago.
For the six months, sales was INR 1,790.62 million compared to INR 1,591.76 million a year ago. Revenue was INR 1,862.95 million compared to INR 1,624.03 million a year ago. Net income was INR 110.38 million compared to INR 163.27 million a year ago. Basic earnings per share from continuing operations was INR 2 compared to INR 2.91 a year ago. Diluted earnings per share from continuing operations was INR 2 compared to INR 2.91 a year ago.
CL Educate Limited is an India-based technology-driven company in the education technology (EdTech) and marketing technology (MarTech) sectors. The Company specializes in both consumer and enterprise-focused businesses by offering a range of products and services through physical and digital delivery channels. Its segments include EdTech, MarTech and Others. EdTech segment comprises of business generated and serviced through educational services such as coaching, content, platform, and student mobility services. MarTech segment includes integrated solution driven services for corporates through experiential marketing and event management (physical and virtual events), marcomm, customized engagement programs (CEPs), transitioning business to metaverse, manpower services and sales management. Other segment includes discontinued K-12 business and scaled down vocational training business. The Company's ancillary services include continuous learning, career guidance and collegiate research.