CL Educate Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 10, 2023 at 08:20 am
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CL Educate Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 674.96 million compared to INR 539.28 million a year ago. Revenue was INR 685.22 million compared to INR 574.5 million a year ago. Net income was INR 21.74 million compared to INR 45.6 million a year ago. Basic earnings per share from continuing operations was INR 0.4 compared to INR 0.84 a year ago. Diluted earnings per share from continuing operations was INR 0.4 compared to INR 0.84 a year ago.
For the full year, sales was INR 2,913.14 million compared to INR 2,091.71 million a year ago. Revenue was INR 2,977.15 million compared to INR 2,178.73 million a year ago. Net income was INR 225.14 million compared to INR 139.23 million 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.