Educomp Solutions Q1 Results with Total Income of ₹1.29 crores & Total Expenses ₹1.67 crores

Educomp Solutions Q1 Results

Educomp Solutions Q1 Results: Educomp Solutions reported its financial results for the quarter ending June 30, 2024. Educomp Solutions’ total income from operations was ₹128.59 lakh, which is an increase from ₹57.81 lakh in the previous quarter but lower than ₹138.47 lakh a year ago. The business did not earn any additional operating income during this period.

Educomp Solutions’ total expenses rose sharply to ₹167.24 lakh, primarily due to high costs in several areas. Employee benefit expenses were ₹56.47 lakh, which was slightly lower than the previous quarter. Depreciation and amortization costs were ₹20.89 lakh, significantly higher compared to earlier periods. The company faced substantial other expenses, totaling ₹71.90 lakh, and a major increase in provisions for doubtful debts, amounting to ₹88.81 lakh.

Educomp Solutions reported a loss of ₹180.63 lakh after accounting for finance costs of ₹165.31 lakh. This marks a continued struggle for Educomp, as it faced a larger loss of ₹1,595.27 lakh in the previous quarter. The earnings per share remained negative at ₹0.15, indicating that the company continues to face financial challenges. Overall, Educomp Solutions is experiencing significant losses and increasing expenses, highlighting ongoing difficulties in its operations.

Here’s a simplified summary of the financial results for Educomp Solutions for the quarter ended June 30, 2024:

Source: Here 

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Educomp Solutions Stock Performance

The Educomp Solutions table provides important financial information about the company's performance. It shows the market capitalization, which is ₹ 28.3 Crores, indicating the total value of all its shares. The current price of its stock is ₹ 2.31. The highest price for the stock in a certain period was ₹ 4.74, while the lowest was ₹ 1.79. The book value is negative at ₹ -250, meaning the company owes more than it owns. 

Here’s a summary of the financial data you provided:

Quarterly Results 

Educomp Solutions reported its quarterly results for December 2023, March 2024, and June 2024, showing a challenging financial situation. In December 2023, the company had sales of ₹0.88 crores but faced expenses of ₹2.80 crores, resulting in an operating loss of ₹1.92 crores. The situation worsened in March 2024, with sales dropping to ₹0.58 crores and expenses significantly rising to ₹15.18 crores, leading to a larger operating loss of ₹14.60 crores. 

Here are the quarterly results for December 2023, March 2024, and June 2024 with particulars:

(Standalone Figures in Rs. Crores)

About Educomp Solutions 

Educomp Solutions is a company focused on making education better for students of all ages. Their main goal is to provide high-quality learning materials and experiences that help students learn effectively and enjoyably. They believe that education is essential for personal and professional growth. The company works hard to create content that aligns with the National Education Policy, ensuring that their materials are up-to-date and relevant.

Educomp’s team includes experienced teachers, instructional designers, and technology experts. Together, they use the latest research on how people learn and modern technology to create interactive and engaging educational experiences. They offer a variety of solutions for K-12 schools, covering many subjects to cater to different learning needs.

One of the best things about Educomp is that their content allows students to learn at their own pace, making it flexible and convenient. They also provide support services like access to teachers and discussion forums, helping students stay motivated and achieve good results. Over the past two decades, Educomp has empowered more than 30 million learners in 65,000 schools, showing their commitment to creating an excellent learning environment for everyone.