/ -- S Chand and Company Limited, one of India's leading education content companies and market leaders in the K-12 segment, has announced robust financial numbers for the quarter Q3FY23 and 9 Months FY23. HIGHLIGHTS OF CONSOLIDATED BUSINESS Consolidated business represents the performance of S Chand and its subsidiaries (S Chand Group) The Company is in a seasonal industry where the 4th quarter contributes over 80% of the annual revenues coinciding with the start of the academic year. 9MFY23 has been the best ever 9M performance in the company's history. S Chand saw the following highlights during the quarter-: On a CY22 basis, the company reported a PAT of Rs. 812m (EPS: Rs. 23/share). The company is witnessing strong and resurgent demand in the current sales season of January 2023 - March 2023. Reports Highest ever 9M Sales in company's history. Reports Lowest ever 9M EBITDA Losses. 9M EBITDA losses reduced by 38% YoY. Reports Lowest ever 9M PAT Losses. Reduction in 9M PAT
Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions
/ -- iNeuron Intelligence Private Ltd., one of India's fastest upskilling ed-tech players, offering 230+ Courses across all technologies has partnered with leading publishing and education services group, S Chand and Company Ltd. to sign an agreement with Mahatma Gandhi University(MGU), a state-owned public university headquartered in Kottayam in the state of Kerala, for upskilling students in technology-driven programs such as data science, coding, AWS, analytics, Java, etc. Once the programme begins in October 2022, over 15,000 students will have access to it through a very affordable 2-year subscription plan, according to the MoU. Under this project, iNeuron will be leveraging its platform that will offer live and bundled classes, 24/7 support, live projects, resume reviews, mock interviews, internships, and employment guarantee programmes to the students. Onboard the teaching team for these modules are the best tech educators in the industry such as Sudhanshu Kumar, Krish Naik, .
In the next two-three years, around 30 per cent of S. Chand's group revenues will come from digital products, asserts its MD Himanshu Gupta
On NSE, the company's stock went up 0.9% to settle at Rs 676
The price band for the offer, open from April 26-28, was set at Rs 660-670 a share