Moneycontrol Bureau
Tree House Education's third quarter net profit climbed 24.8 percent on yearly basis to Rs 15.1 crore driven by strong revenue growth.
Total income was up 33.5 percent at Rs 53.1 crore during October-December quarter from Rs 39.7 crore in the year-ago period.
Tree House has opened 24 new preschools during the quarter. "Total number of centers were 562 and self-operated preschools 459 as on December 31, 2014," said the company in its filing.
Rajesh Bhatia (promoter and managing director) believes there is strong case for accelerating company's growth over the next three years. "To implement this incremental growth, we successfully completed Rs 200 crore QIP in December 2014," he says.
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