Q4 2024 CL Educate Ltd Earnings Call Transcript
Key Points
- Revenue growth of 12% from INR297 crores to INR332 crores, in line with expectations.
- EBITDA increased by 18%, outpacing revenue growth, indicating margin expansion.
- Significant investments in hiring and expanding business leadership in EdTech and MarTech.
- International expansion in Indonesia and the US, contributing to accelerated revenue growth and margin expansion.
- Healthy cash position with gross cash increasing by INR6 crores despite a INR10 crore buyback.
- Borrowings increased due to large projects and consolidation of 361Degree Minds Consulting Pvt. Ltd.
- Law segment saw a decline in test-takers by 30% due to changes in the testing calendar.
- Some product segments experienced price rationalizations, leading to a flat average realization per student.
- MarTech business faced muted marketing spends from key sectors like IT and FMCG.
- Q4 profitability in MarTech was slightly muted due to regional factors like Chinese New Year and elections in Indonesia.
Okay. Good Afternoon, ladies, and gentlemen, and welcome to CL Educate Limited's Q4 FY24 Analyst Call. My name is Arjun Wadhwa. I'm the CFO of CL and Iâll be your host today. Welcome again to our homegrown Metaverse platform called VOSMOS. By now I'm sure everyone is familiar and comfortable with it. We've been using it for the last couple of years now for our investor and analyst calls.
This call as always will be recorded, transcribed and made available in the investor zone on our website within the next 48 hours. Should you have any questions during the course of our session please type them in the chat box at the bottom right hand corner of your screen, we will address them at the end of the session.
Joining me today on this conference call is Mr. Nikhil Mahajan, our Executive Director and Group CEO. Unfortunately, Mr. Satya Narayanan, our Chairman, cannot be with us today he's got a touch of the flu. I'd like Nikhil to spend some time walking us through the financials and the business updates following which we would be happy
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