Its top line surged by 31.9% yoy to Rs54cr, in line with our estimate of Rs52cr, owing to addition of 15 pre schools during the quarter. The EBITDA grew by 46% yoy to Rs33cr while margins expanded by 600bp yoy to 61.7% (owing to lower other expenses as a percentage of sales by 646bp yoy). Subsequently, the Adjusted PAT came in at Rs16cr, higher by 30.5% yoy, and in line with our estimate of Rs15cr..
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