Mumbai, Aug 16 (IBNS) CORE Education & Technologies Ltd (CORE) (BSE: 512199), a leading global education player, on Thursday announced its financial results for the first quarter ended June 30, 2012.
Coming out of an impressive performance in FY 12, the company has recorded an impressive growth both in revenue and EBITDA in Q1 FY 13 on a YoY basis.
Revenue for the quarter under review was higher at Rs. 483 crore as against Rs. 326 crore in Q1 FY 12, an increase of 48.3%.
EBITDA has increased to Rs. 190 crore in Q1FY13 as against Rs.124 crore in the corresponding quarter of FY 12, registering a growth of 53%. PAT has increased to Rs. 79 crore, a growth of 19% over Rs. 66 crores the quarter ended 30th June, 2011.
EPS (basic) for Q1FY13 increased to Rs. 6.95 from Rs. 5.99 in Q1FY12, an increase of 16%.
Sanjeev Mansotra Chairman & Global CEO said, The robust set of numbers in a challenging global economic scenario is testimony to our sustained market leadership in our traditionally strong segments within the education sector in USA and UK. Also adding fillip to this growth is the increased market penetration in India where we have an order book of Rs. 650 crores."