MT Educare Limited reports earnings for FY2020

MT Educare Limited (MTEL), a leading Education support and coaching services provider in India announced its unaudited consolidated financial results for the quarter ended 31st March, 2020.

MTEL (at Consolidated Level)

The company in Q4 FY20 posted Total Revenues at Rs.29.05 Cr as compared to Rs. 57.61 Cr in Q4 FY19. The company registered Total Revenue of Rs.231.42 Cr for FY20 as compared to Rs.249.35 Cr in FY19.

The company in Q4 FY20 posted EBITDA of (Rs.7.95 Cr) as compared to Rs. 13.13 Cr in Q4 FY19. The company registered EBITDA of Rs.59.23 Cr for FY20 as compared to Rs.49.27 Cr in FY19.

The company in Q4 FY20 posted PAT of (Rs. 59.02 Cr) as compared to Rs. 4.75 Cr in Q4 FY19. The company registered PAT of Rs. (45.93) Cr for FY20 as compared to Rs.9.12 Cr in FY19.

MTEL (at Standalone Level)

The company in Q4 FY20 posted Total Revenues at Rs.20.60 Cr as compared to Rs. 48.48 Cr in Q4 FY19. The company registered Total Revenue of Rs.168.01Cr for FY20 as compared to Rs.201.65 Cr in FY19.

The company in Q4 FY20 posted EBITDA of (Rs.8.66 Cr) as compared to Rs. 15.66 Cr in Q4 FY19. The company registered EBITDA of Rs.41.18 Cr for FY20 as compared to Rs.39.79 Cr in FY19.

The company in Q4 FY20 posted PAT of (Rs. 56.99 Cr) as compared to Rs. 7.01 Cr in Q4 FY19. The company registered PAT of Rs. (52.30) Cr for FY20 as compared to Rs.7.30 Cr in FY19.

Mr. Arun K. Khetan, CEO, said, "The year 2019-20 too witnessed continuous evolution in the knowledge landscape, including technology aided learning/education delivery across the segment, this quickly changing landscape and ecosystem offers a range of opportunities. The need is to be flexible, innovative and to have a visionary approach. Alike always, in FY2019-20, MT Educare Ltd continued its business operations with constant focus on delivering quality education to the learners.

Covid19 had brought the business to a grinding halt the world over and that affected MT Educare Ltd as well. There has been a negative impact of the Covid 19 outbreak on the Company's operation. The physical campuses became non-operational during the lockdown period, however, the company could simultaneously switch over and servicing its students through live online classes since lock down.

In addition, as an integral part, our students can take round the clock support from our state of the art app - Robomate+ a very comprehensive Learning Mgmt. system, which covers the entire eco-system of learning, teaching, monitoring & engaging with the student community. It provides conceptual video lectures mapped to course curriculum practice tests, notes & online tests. It also provides students a mechanism to resolve their doubts by raising query to their teachers through the app & as such Robomate + is playing a very critical role in hand holding our students during this critical pandemic phase since lockdown".

Shares of MT EDUCARE LTD. was last trading in BSE at Rs.11.18 as compared to the previous close of Rs. 11.06. The total number of shares traded during the day was 3956 in over 41 trades.

The stock hit an intraday high of Rs. 11.25 and intraday low of 10.91. The net turnover during the day was Rs. 43827.

Source : Equity Bulls

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