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Operational revenue increased by almost 3X in Q1FY23
MUMBAI, India, Aug. 17, 2022 /PRNewswire/ — 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 in Q1FY23.
HIGHLIGHTS OF CONSOLIDATED BUSINESS
Consolidated business represents the performance of S Chand and its subsidiaries (S Chand Group)
Consolidated Business Q1-FY23 vs Q1-FY22 (Y-o-Y basis)
Other Highlights
Commenting on the successful result, Mr. Saurabh Mittal, CFO, S Chand and Company Limited, said, “We are thrilled to announce the tremendous growth numbers. The company’s top line of Rs 107 crore for Q1FY23 increased by more than 3x on a YoY basis and was driven by a combination of volume growth of 2.5x and increase in realization of our product portfolio. S Chand Group has been successful in fully integrating its content print business acquisitions with the EdTech initiatives of recent years, enabling it to reach a point where it can utilize the complete portfolio of offerings to expand margins and spur profitable growth in the print business, which is transitioning into a blended/hybrid format. We are experiencing exciting times right now, and we are thrilled about the accomplishments being made and the opportunities that are coming our way. We have continued our growth trajectory in the current quarter, achieving working capital efficiency, and boosting our EBITDA margins. We shall continue to emphasize innovation and organic growth. Our in-house capabilities, along with strategic collaborations, position us well to sustain growth, add value to our customers, and maximize shareholder value.”
About S Chand and Company Limited:
S Chand (NSE: SCHAND) (BSE: 540497) is one of India’s leading education content companies which aims to bring people and knowledge together. The company delivers content across the length and breadth of the country with established brands like S Chand, Madhubun, Vikas, Chhaya, Saraswati and Mylestone under its umbrella and has a distribution reach of more than 3500 channel partners across India. With a footprint in more than 40,000 schools, colleges, universities, and institutes throughout India, it has consolidated the country’s fragmented education content market.
It provides content, solutions, and services across the educational lifecycle through its presence in three business segments – Early Learning, K-12 and Higher Education and has also expanded its product portfolio through digital learning acquisitions. The Group is one of the market leaders in K-12 segment and has a strong foothold in the CBSE/ICSE and WBSE affiliated schools, with an increasing presence in the other state board affiliated schools across India.
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