CL Educate Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 07:16 am EST
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CL Educate Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 664.23 million compared to INR 646.43 million a year ago. Revenue was INR 686.23 million compared to INR 667.9 million a year ago. Net income was INR 29.01 million compared to INR 40.13 million a year ago. Basic earnings per share from continuing operations was INR 0.53 compared to INR 0.74 a year ago. Diluted earnings per share from continuing operations was INR 0.52 compared to INR 0.74 a year ago.
For the nine months, sales was INR 2,454.85 million compared to INR 2,238.18 million a year ago. Revenue was INR 2,549.18 million compared to INR 2,291.93 million a year ago. Net income was INR 139.4 million compared to INR 203.39 million a year ago. Basic earnings per share from continuing operations was INR 2.54 compared to INR 3.68 a year ago. Diluted earnings per share from continuing operations was INR 2.53 compared to INR 3.68 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 
