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.
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
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.