Net Income: Up by 44% to Rs.115 crores
PAT: Up by 56% to Rs.19 crores
EPS: Rs.12.12
Everonn Education Limited (BSE: 532876, NSE: EVERONN, Bloomberg: ESIL@IN, Reuters: EVSI.B), World’s largest VSAT education network company posted revenue of Rs.115 crores for quarter ended 31st December 2010, a 44% increase compared to the corresponding quarter last year.
Everonn posted consolidated revenue of Rs.115 crores for the quarter ended 31st December 2010 against Rs.79.92 crore during the corresponding quarter in the previous year.
The Company’s net profit shot up to Rs.19 crore – a 56% jump as compared with the previous year’s performance.
The EPS (Earnings Per Share) for this quarter stood at Rs. 10.56
Commenting on the results Mr. P. Kishore, Managing Director, Everonn Education Limited said: "We are very happy that Everonn has registered a satisfactory growth across business verticals. With Team Everonn’s built-in ability to execute projects with efficiency and operational excellence, we look forward to building the company asset light and capital efficient. Our initiatives on Educating India project would focus on scalability and repeatability to ensure steady returns”.
In the process of providing new thrust to education, Everonn has launched an ambitious project to promote people with entrepreneurial skills on to education called Edupreneur. With this, Everonn aims to promote Business Leaders who will turn into Ambassadors of Learning to spread education with a missionary zeal as the nation witnesses an unprecedented boom in the sector.
In a unique project to infuse global standards in to the booming retail sector, Everonn Skill Development Limited signed a MoU with Future Human Development Limited (FHDL) to jointly deliver retail programmes across the country.
In another significant development during Q3, Veteran industry captain Mr. J J Irani and infrastructure pioneer SKIL Infrastructure group Chairman Mr. Nikhil Gandhi have joined the Board as Non-Executive Chairman and Non-Executive Director, respectively
About Everonn Education Limited
Everonn Education, India’s second largest listed education company, is credited with revolutionizing and transforming the educational landscape of the country.
Pioneering deployment of technology for education, Everonn embarked on its mission with computer-aided learning 24 years ago and today it reaches out to students across the length and breadth of the country with 600 plus districts and 140,000 villages with diverse and multi-lingual culture. Everonn has its presence in over 27 states, works with several State Governments touching the lives of millions of students through thousands of Everonn learning centres.
With its VSAT platform, Everonn addresses students even in the most remote corners which have been hitherto denied even basic education facilities.
Under the leadership of its Managing Director P Kishore, who has taken up education as his mission, Everonn is today imparting education from Pre-school to B-School, thus contributing to a paradigm shift in the way India looks at knowledge sector.
Kishore and his Team Everonn have won many a laurel and accolades.
- Everonn is listed on Forbes 'Best under a Billion' Asia List, 2010
- Appointed by Prometric as “Test Delivery Partner for CAT 2010”
- Won the Microsoft Learning Solution Partner Award, 2010
- Best Franchisable concept of the year 2010, under Education Category from Franchise India
