The success of Robomate+, along with 8-10 percent fee hike growth and 7-8 percent increase in student strength expected in FY17, will help the company maintain the 26-25 percent topline growth in FY17, says Chhaya Shastri, Director, MT Educare.
Yagnesh Sanghrajka, CFO, MT Educare said Robomate and Robomate+ app saw immense traction in the quarter, adding that they sold the digital content to 46,000 students via Robomate.
Chief Financial Officer, Yagnesh Sanghrajka tells CNBC-TV18 that MT Educare's recently launched app Robomate has received a good responses with around 30,000 downloads so far. The company plans to make the app a paid service shortly
Yagnesh Sanghrajka, CFO, MT Educare is hopeful of a 25 percent growth in the bottom line and 15-20 percent revenue growth for FY16.
The asset is a campus that the company set up from the proceeds of the IPO and runs a college for 11th and 12th standards.
On a quarter-on-quarter basis, the company reported a consolidated net profit of Rs 5.3 crore in Q3FY14, up 10.5 percent versus Rs 4.8 crore in the previous quarter.
MT Educare that owns the Mahesh Tutorials brand is aiming to grow revenues by 25-30 percent in current financial year, CFO, Yagnesh Sanghrajka, told CNBC-TV18.
The education industry is doing better than what it was last year. Mt Educare has diversified and entered into the IIT space as well. Yagnesh is confident of touching Rs 200 crore in terms of revenue.
Yagnesh Sanghrajka, CFO, MT Educare said, in an interview to CNBC-TV18, that he expects to maintain the growth in profit on increased demand and eyes higher topline on strong Karnataka revenues.
In an interview to CNBC-TV18, Yagnesh Sanrajika, chief financial officer, MT Educare gives the details of the acquisition of Lakshya Forum for Competitions. MT Educare's shares rose 4.5 percent to a 52-week high of Rs 130.90 on NSE in morning trade today.