Tree House Education's Q4FY2015 net profit rises 112.84% to INR 17.12 crore

The net profit for the quarter ended March 31 stood at INR 17.12 crore compared to INR 8.04 crore in Q42014.

Revenue from operations for Q4FY15 rose 41.77 % to INR 50.68 crore as compared to INR 35.75 crore for the Q4FY2014.  EPS (Fully diluted) for the quarter ended March 31, 2015 stood at INR 4.40.

Maintaining sharp focus on enhancing financial performance the Company registered 31.6% growth in topline and 38.65% increase in Profit After Tax in FY15. Tree House posted total income of INR 207.45 crore compared to INR 157.64 crore in the FY 2014. The Net Profit for FY 2015 rose to INR 60.88 crore compared to INR  43.92 crore in FY 2014, representing 38.65% y-o-y growth. The EBITDA for FY 2015 was INR 118.71 crore compared to INR 89.4 crore for FY2014, representing 33.07% y-o-y growth. 

Tree House opened 50 preschools centers in the last quarter of FY2015 and the Company has 612 preschools centers spread across 88 cities in India.  8 New cities launched in the quarter are : Trivandrum, Kochi, Cuttack, Ghaziabad, Baripada in Odisha, Gopalgunj in Bihar, Burdhwan in West Bengal and Pen in Maharastra.

Commenting on the Q4 & FY15 results, Rajesh Bhatia, Managing Director of Tree House, said, “I am pleased to announce a robust increase in our operational and financial performance for the quarter and full year. FY 15 took us closer to our goal and passion of providing quality education to a larger population of children by focusing on excellence and creativity. As of 31st March 2015, we had a network of  preschools with our presence spanning across 88 cities. Such growth is attributable to our deep understanding of the education space, the robustness of our business model along with our innovative methods that make learning a dynamic activity for our young children. We have also witnessed further traction in our day care business."