CL Educate Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 02, 2022 at 05:59 am EDT
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CL Educate Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 891.22 million compared to INR 529.06 million a year ago. Revenue was INR 907.75 million compared to INR 537.38 million a year ago. Net income was INR 45.72 million compared to INR 32.38 million a year ago. Basic earnings per share from continuing operations was INR 0.815 compared to INR 0.58 a year ago. Diluted earnings per share from continuing operations was INR 0.815 compared to INR 0.58 a year ago.
For the six months, sales was INR 1,583.76 million compared to INR 1,043.98 million a year ago. Revenue was INR 1,616.03 million compared to INR 1,039.45 million a year ago. Net income was INR 163.27 million compared to INR 62.01 million a year ago. Basic earnings per share from continuing operations was INR 2.91 compared to INR 1.07 a year ago. Diluted earnings per share from continuing operations was INR 2.91 compared to INR 1.07 a year ago.
CL Educate Limited is an India-based company, which is engaged in providing education and test preparation training programs. The Companyâs segments include EdTech and MarTech. Under the EdTech segment it serves various products which can be categorized into: Test Preparation, Platform Monetization and Content Monetization. For the MarTech segment, under the brand name Kestone, the Company offers services to corporates: Experiential Marketing & Event Management Solutions, Digital & MarComm services, Customized Engagement Programs, Transitioning Businesses into the Metaverse and Strategic Business Solutions. Its Platform Monetization offers various educational institutions an array of its products, such as Integrated solutions to educational institutions & universities across India, Student Recruitment Services and Research & Incubation Services. Its test preparation provides Career Launcher offers various products through its digital and business partner channels of distribution.
CL EDUCATE LIMITED 
