CL Educate Ltd
BSE:540403
CL Educate Ltd
CL Educate Ltd. is a holding company, which engages in the provision of education products, services, content, and infrastructure across education value chain. The company is headquartered in New Delhi, Delhi. The company went IPO on 2017-03-31. The firm is a technology-driven organization across the learning chain of students. The Company’s team of professionals include Indian Institute of Technology-Indian Institutes of Management alumni. The company operates through four segments: Consumer Test-Preparation, Consumer Publishing, Enterprise Corporate and Enterprise Institutional. Consumer Test-Preparation segment caters to the test-preparation market and non-test preparation courses under Career Launcher brand. The segment is further divided into Digital and Digital. Consumer Publishing segment operates under the brand GK Publications; and distributes titles under three categories, Technical, Non-technical and School Business. Enterprise Corporate segment operates under the brand Kestone Integrated Marketing Services. Enterprise Institutional segment is engaged in integrates solutions to educational institutions and universities across India.
CL Educate Ltd. is a holding company, which engages in the provision of education products, services, content, and infrastructure across education value chain. The company is headquartered in New Delhi, Delhi. The company went IPO on 2017-03-31. The firm is a technology-driven organization across the learning chain of students. The Company’s team of professionals include Indian Institute of Technology-Indian Institutes of Management alumni. The company operates through four segments: Consumer Test-Preparation, Consumer Publishing, Enterprise Corporate and Enterprise Institutional. Consumer Test-Preparation segment caters to the test-preparation market and non-test preparation courses under Career Launcher brand. The segment is further divided into Digital and Digital. Consumer Publishing segment operates under the brand GK Publications; and distributes titles under three categories, Technical, Non-technical and School Business. Enterprise Corporate segment operates under the brand Kestone Integrated Marketing Services. Enterprise Institutional segment is engaged in integrates solutions to educational institutions and universities across India.
Revenue Growth: Total revenue for the 9-month period rose 67% year-on-year to INR 445 crores, driven largely by the DEX business acquisition.
DEX Business: DEX revenue grew from INR 174 crores to INR 194 crores, with improved client retention and a major new 3-year deal with IRDA at a higher price.
Profitability Pressure: EBITDA doubled to INR 59 crores, but PAT dropped to minus INR 16 crores due to higher finance costs and IND AS accounting impacts from the DEX acquisition.
Debt Update: The company took on INR 210 crores in debt for the DEX acquisition and plans to raise up to INR 50 crores more in the short term, with a goal to become debt-free in 24 to 36 months.
EdTech Structural Shift: EdTech revenues fell from INR 150 crores to INR 127 crores amid market shifts toward lower-priced products and self-prep; this difficult period is expected to last another 2 to 4 quarters.
MarTech Steady Growth: MarTech revenue increased, especially internationally, with new blue-chip clients onboarded and stabilization after earlier client turbulence.
mySATHI Launched: The company launched mySATHI, an on-demand, AI-driven adaptive assessment platform, with 18 universities onboard and potential for large-scale monetization.
