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Tree House Education Ei Accessories Limited

Regd. Office: 702, Q Wing Morya House, Off New Link Road,
Near Infinity Mall, Andheri (W), Mumbai - 400 053
CIN No. L80101 MH2006PLC163028

1)

Income from operations

2)

Expenses
Operating cost
Employee benefits expense
Depreciation and amortisation
Other expenses

Total expenses

3)
4,
5)
6)
7)
8)
9)
10)
I)
12)
3)
1

Profit from operations before other income, finance cost


and exceptional items (1-2)
Other income
Profit from ordinary activities before flnance cost and
exceptional items (3+4)
Finance cost
Profit from ordinary activities after finance cost but before
exceptional items (5-6)
Exceptional items
Profit from ordinary activities before tax (7-8)
Tax expense
Net profit from ordinary activities after tax (9-1 0)
Extraordinary ltems (net oftax expenses Rs NIL)
Net profit for the petiod I yeat (11-12)

14)
5)
0)

1
1

17)

A.
1

Paid up equity share capital (face value Rs 1 0 per share)


Reserves excluding revaluation reserves
Earnings per share
Basic
Diluted
Earnings per share after Exceptional item
Basic
Diluted

4,231
61 ,257

Particulars of share holding


Public shareholding
Number of shares
Percentage of shareholding
Promoter and promoter group shareholding

2
a)

Pledged / Encumbered
- Number of shares
- Percentage of shares (as a % of the total shareholding

2,96,30,655
70 O3o/o

2,96,95,655

54,82,000
43 23Yo

39,82,000

2,55,18,657

2.55.18,657

2,s11,24,3s6
70.250k

26.95,000

26,9 5,000

3q,07,000

70.19Yo

22 010h

31 570k

28.660/o

of

promoter and promoter group)


- Percentage of shares (as a o/o of the total share capital
of the Company)

b)

12 960k

9 41ak

Non-encumbered

- Number of shares
- Percentage of shares (as a % of the total shareholding

of

promoter and promoter group)

71,98,069

86,33,069

56 770k

68 43%

17 01Vo

20 41%

95,51 ,613

95,51,013

8q,79,328

- Percentage of shares (as a % of the total share capital


of the Company)

at the beginning of the quarter


during the quarter
of during the quarter
unresolved al the end of the

Notes:

The above financial results have been reviewed by the ArJdit Committee and thereafter approved by the Board of Directors Ft its meeting held on Novemtler 8,
2015

TheSiatutoryAuditorshavecarriedouta"LimitedReview"oftheaboveflnancial resultsforthequarterandhalfyerrendedSeptember30,2015

3 AsthebusinessactivityoftheCompanyfallswithinasingleprimarybusinesssegmentviz."Educational
Standard (AS-17) "Segment Reporting" is not applicable

Services",thedisqlosurerequirementsof

(1) Shareholders' Funds


(a) Share CaPital
(b) Reserves and Surplu
(c) Money received

shafe warrants

Sub-total of Shareholder's fund

(3) Non-Current
(a) Long-tenn
(b) Deferred tax
(c) Other Long term

Sub-total of Non-current
(4) Current Liabilities
(b) Trade payables
(c) Other current

TOTAL - EQUITIES AND LIABILITIES

ll.Assets
(l) Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capitalwork-in
(iv) Intangible assets
(b) Non-current investml
(c) Long term loans and

(2) Current assets


(b) Inventories
(c) Trade receivables
(d) Cash and cash
(e) Shert-term loans
(f) Other cqrrent assets

Sub-total Current assets


TOTAL - AS$ETS

Previous Period / Year

wittl thq current period


been regrouped / rearranged wherever necessary to conform

For dnd qn behalf of the


Place: Mumbai
Date : November 8, 2015.

h Bhatia
Lging

Director

of Directors

0ffice No" : 53, Ground f'toor


Citi l,latt, New Link Road

AGARWAL & ASSOCIATES


Chortered Accounfonfs

Andheri

KOLKATA, MUMBAI
E-

mail

:a

(lI/),

Mumbai-400053

Mrobile 91137579045
rwats.ass ociates@ gmait. com

LIMITED REVIEW REPORT


To

The Board of lDirectors,


TREE HOUSE EDUCATION & ACCESSORIES LIMITED

lntroduction

We have reviBwed the accompanying statement of Unaudited Financi


Education & Accessories Ltd. (the Company) for the Quarter ended
being sulbmittqd by the company pursuant to the requirements of Clause
with the Stock Exchanges except for the disclosures in Part-ll - Select I
4 below. We ]'lave also reviewed statement of Asset and Liabilities of
The statr:ment of quarterly / six months financial results has been
statements wfiich are the responsibility of the company's management
Board of DireQtors. Our responsibility is to issue a repofi on these
review

Results of Tree' House


5 ("the Statement")
1 of the Llsting Agreement
referred to in Para
Company as on the date.
red from interim financial
has been approved by the
statements baserC on our

Scope of Review

(sRE) 2414,
We conducted our review in accordance with the Standard on Review
"Review of Interim Financial Informaticn Performed by the Independent
tor of the Fntity, issued
that we plan and pedorm
by the Institute of Chartered Accountants of India. This standard
nts are free of materiat
financial
whether
the
as
to
the review tc obtain moderate assurance
rnisstatement. A review is limited primarily to inquiries of company personnel and analytical
n an audit. We have not
procedures applied to financial data and thus provide less assurance
performed an audit and accordingly, we do not express an audit opinion.

Gonclusion

that causers us to
Based on our review conducted as above, nothing has come to our
red in accordance with
believe tlrat the accompanying Statement of unaudited financial results
2013.
read with t'ule 7 of
the Accounting Standards referred to in section 133 of the Companies
the Companiep (Accounts) Rules 2014 and other recognized accounting practices and polir:ies has
not disclosed the information required to be disclosed in terms of Clause 1 of the Listing Agreement
with the stock exchange, including the manner in which it is to be discl
, or that it cont:rins any
material misstatement.

7A, Bentinck Streret, 2 nd Floor, Kotkata - 700

A ARWAL

& ASSOCIATES

cl rlered Accountonls
KC

KATA, MUMBAI

Office No. : 53,

Floor

Citi Ma[t,
Andheri (W), Mu

Link Road

Mobite :
[s.associates

i- 400053
1579045
mait.com

Cont.

Report on

and Other Regulatory Requirements

We also
that we have traced the number of shares a$ well as the
in respect of
aggregate amount of public shareholding {nd the n
percentage of
pledged/encumbered and non-encumQered in
promoter group shareholding in terms of plause 35 of
of promoters
the Stock
and the particulars relating to investor complaints
Information
the Quarter Ended 30/09/2015 of the Statdment. from
Registrars th
Management.

ForAgarwal &
Chartered
(Firm Regi

nts
No.

(Naresh

(Paftner)
(Membership
Place of
Date: 8th lrlov

. 063049)

re: Mumbai
5

H.0.

7A, Bentinck Street, Znd Ftoor, Kotkata-700

of shares as
as the
of the aggregate amount
Listing
with
Select
by the

Tree

Hr cuse

Corporate Office:

301, EmbassyChr
Mumbai - 400052.
CIN : 180101MH21

rmbe
Tel.:
)o6P

Education & Accet ories -td.


Khar

(W),

I
I

7164572725 |

ZOz, Morya

r,

tet-ozz

Registe

rd Office:

'C'Wing, Off

nk Road,
400 053.
6051259

ri (W), Mumbai
12384, Fax

Tree House Education & Acc esso ri( rs Lim ited


702, C Win , Morva House, Off New Link Road, Near Infinity Mall, Andhe

i(W), Mumbai,40 053, Maharashtra, India

Results p ess release d

ted November B, 2

15

'ee House announces 22% reve 1Ue gro\,! th in H1


Fin o

nclol. Hlohli ohts for "t 1 FY 2016

evenue from Operations at INR 126.28 cr, up 2 .8%


perational EBITDA at INR 74.35 cr, up L8-Lo/o

rofit after tax at INR 30.76 cr, up7.4o/o


PS (fully diluted) is Rs. 8.03
pened 108 preschool centers during Hl, 73 in 2, taking toti to 720 centers
ig entry in New Delhi/NCR market
ey centers to be re-branded as 'Tree House i"
Tree House ducation & Accessories Limited (Treehouse) eported its
for the 2nd t arter ended September 30,20!5.

udited financial re uts

liehts for Q?FY,16

Particulars
Revenue

frol Operations (lNR cr)

Operational

Q2 FY2016
s7.25

BITDA (lNR cr)

Profit after T x (lNR cr)


EBITDA Marr n
PAT Marsin
a

The

Mar

of tl

2FYzOLs

Growth

4J. /O

!5.05o/o

30.L5

29.69

1..55%

L2.74

12,59

t.35%

52.66%
22.25%

s9.66%
25.L4%

(700)bps
(28e)bps

ompany delivered positive growth momentun based on its rxpanding operatio


ns were impacted due to 73 new center opet ings in Q2, t e highest in the hi:

company in a single quarter.

opefed in Q2 FY2016
was a net addition of 73 preschools in the Q2
number of centers as on September 30, 201-5
umber of self-operated preschools is 6l-l- as o
of self operated preschools to total preschool

Pre Sgh rols


a

Thert

Total
The r

Ratic

rf

FY2016.

;720.
September 0, 2015.
is 84.86%.

a
'gv

I
I

orres td.

Tree Hbuse Education & Acce


7O2,Morya

'C'Wing, Off
(W), Mumbai

Tel.:

12384,Fax

Office:
Road,
400 053.
1259

ical

Curre tly present in 103 cities in India.


New ities launched in Q2 FY2016 are: Ahmed

r, Goa, G

aon, Jalgaon,

Ratna
K-12 school

The

pany provides school management

to 24

se

K-1.

schools in 3 stat

lnd ia.

o
o

Total taff strength as on September 30, 2015 is 2,5


Total
cher strength as on September 30, 2015 is

As the table

have since

Debtors men

53

30th September

explains, nearly 50% of the outstanding


received and we are on track to recover the
in

the unaudited financials can be sum

As on 3Lt'

March 2015
(Gross)

lnvoiced
during QL &
Q2 FY 16

rized as foll
Subsequent
Collections

during Q1

(till 07 Nov,
2015) *

L0,453.71

Pre-school
Franchisees

3,51.4.t5
3,1L6.00

of

omount co

ted out of amount

tNR 1995

is more thon 6

of

tNR 602

is accrued but

Tree Hbuse Education & Acce

nes td.

Corporate Otfice:

7O2,Morya

'C'Wing, Off
(W), Mumbai

12384,Fax

o
o

The Company has expanded its daycare foot print,

encourraging response from parents. The Com


contribute meaningfully to its financial perfo
entered into tie ups with large employers in the ll
provide daycare services for their employees.
The Company's initiative to provide low cost, qua
GLOBAL CHAMPS brand is now available at 6 cent
Sociallnitiotives
o The company has initiated 'Swach Bharat
programs in its schools across India.
A unique scheme was launched to impart t
centers to enable them to drive school buses

available
ny believes

Otfice:
Road,
400 053.
259

250 centers, ba

that this

service

on
ill

in the fu re. The Company

as

S, banking

nd consulting spa(

to

pre-pnma
Mumbai.

education under

hiyan' and conducted

to wo en helper staff

Tree House, said:

Commenting on the Q2 FY16 results, Mr. Raiesh Bhotia,


Finonciol Anolysis

lof
towords our
Q2 wos onother positive quorter for Tree House. We mode 'urther
con
o
direct
ing
all
c
above
expanding brgnd presence notionwide, generoting volue
16 revenues incr
DNA. H1
of
the
core
which
with young minds of this country,
forms
s primorily reflects the
L8.1%;
by 21.8% over H1 FY15, while Operotional EBIDTA
of the credit
recent
solid executian of our strotegy. We ore also encouraged by
Ltd from CA
lysis & Re
for our long term bonk focilities by roting ogency Credit
(minus)to

CARE A.

Consumer Sentiments ond view on the Overall Business Cycle


We ore expetiencing o consumer whose spending is cauti s due to the veroll environmen To
poyment terms, nae
enoble volume exponsion ond keep morgins intoct we have iven fovoro
,ts
House, I ha olwoys mainto
we engoge with thousonds of fomilies and their children. T
CLL
profit" goal, we also hove to
o social impact compony ond while we work towords the
d of these milies.
our brond and goodwill as we ore o port of the emotionol
Solid Execution of Record Ope'nings in o single quorter:

During the qltorter, we have launched 71- new self-operot


centers. This olso keeps us well on the path to launch L50
hove been successfully launched in H1FY1-6. Todoy, our
of 720 pre-schools (including L09 franchisees).
Big Entry in New

Delhi&

pre-school
prespons

1.03 cities with o

NCR:

During the qworter, we hove completed the setting up 35 ce ters in New


50 more c
With this we hove entered into New Delhi and expect to
end of FY 16,

rs and 2 fronc
in FY16, of which L08

iond

NCR reg

in this locotions

Tree

use Education & Acce

Coroorate Otfice:
3rd Road, Khar (W),
301, Embassy
Tel.: 022-40169587 | 64572725
Mumbai CIN: L80101

Key centers

7O2,Morya
Tel.:

ories td.
'C'Wing, Otf
(W), Mumbai
12384, Fax

be Re-bronded:

re-bra
two yeors, 100 key centers shall be upgroded
,tion, ldeation, lmogination and lnformo
ln these
i stonds for
provi
yeors
be
yeors
6
to
loaded curric
for students aged 3.5
A
of these centers shall be provided Tree
addition the
live
during
ies on reol time bosis. We expect this to
their child's

Over the ne

Doy Core

business continues to goin momentum


Our doy
dominant
for growth in the future. As of 30th
focilities ot 2 0 of our existing locotions.
Overoll, our

profitable
country."

SX: TREEH

SE) runs quality preschools and also

country. TreeHouse has revolutionized t


throughout
lndia throug the use of innovative teaching methods and

WWW.

more

201

and we r
for hos been highly
and
operatio
th from leveroging on existing

Tree House

For

shows im

thus

on & Accessories Limited


ducation and Accessories Limited (NSE code:

Tree House

Ofiice:
Road,
400 053.
1259

updates

and
,ne

information

on

the

"Tree House

i"

ters, Tablets with


in each
bosed App, to
odemic yeor 2016-

ln

or
7.

nse promise to
we provide day

in in line to delive on
ion plons across the

code: 533540,
ices to K-12
ed ucational
concept of re-school pedag
rsonal care.
ild-focused

REEHOUSE;

Company,

lease log

on

CX-

to