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Tree House Education & Accessories Limited Announces 32.79% Growth in Operational EBITDA | ||||||||||||||||||||||||
Mumbai, Maharashtra, India Financial Highlights for Q1 FY 2016
Tree House Education & Accessories Limited (Treehouse) reported its audited financial results for the 1st quarter ending June 30, 2015.
Key Highlights of the performance were as follows:
Financial Highlights for the year:
New Pre Schools opened in Q1 FY2016
Geographical Coverage:
K-12 school management services:
Staff Strength:
Non financial highlights:
Commenting on the Q1 FY16 results, Mr. Rajesh Bhatia, Managing Director of Tree House, said, "We have initiated the year on a positive note with Tree House reporting a solid financial and operating results for the first quarter. In Q1FY16, we opened 35 new centers and, as a result, we are today spread across 97 cities with our total pre-school count at 647. This has enabled to increase our top line by 28.05%.
We provide high quality education that is a strong launch platform to the lives of thousands of children across the country. Gaining nationwide acceptance, we continue to extend our pre-school network to a large number of new cities and have simultaneously penetrated into regions that already have Tree House centers.
In addition to the ongoing growth of pre-schools, we are steadily enhancing the number of day care centers that operate from common premises post school hours. We believe that there is significant untapped demand for daycare services and are confident that our offerings in this space, set to a high standard, will once again create new and successful trends in this segment.
A key area where we are continuing to focus on is the monetization of our K-12 assets. We are committed to the same.
For FY16, our priorities will be on leveraging our strong on-the-ground systems and processes to accelerate the expansion of our network. In FY16, we look forward to entering new markets like Delhi-NCR along with several other attractive markets across the country. We target 150 new pre-schools this fiscal year. With that, we are confident that our acknowledged position as a leading player in the pre-school education space will enable us to capitalize on the immense unlocked potential this sector presents."
Tree House Education & Accessories Limited Tree House Education and Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540, MCX SX: TREEHOUSE) runs quality preschools and also provides educational services to K-12 schools throughout the country. TreeHouse has revolutionized the concept of pre-school pedagogy in India through the use of innovative teaching methods and child-focused personal care.
For more updates and information on the Company, please log on to www.treehouseplaygroup.net |
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Media Contact Details
Pratik Patil
Adfactors PR +91 7506972008 |
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