CP Capital Limited

41%

ation | Skills Investors Update: Q2 / FY2023-24 Consolidate H1 FY 24: 56.4 Cr H1 FY 23: 40.0 Cr 41% INCREASE Revenue H1 FY 24: 37.2 Cr H1 FY 23: 26.2 Cr 42% INCREASE EBITDA H1 FY 24: 27.8 Cr H

42%

H1 FY 24: 56.4 Cr H1 FY 23: 40.0 Cr 41% INCREASE Revenue H1 FY 24: 37.2 Cr H1 FY 23: 26.2 Cr 42% INCREASE EBITDA H1 FY 24: 27.8 Cr H1 FY 23: 17.7 Cr 57% INCREASE PAT H1 FY 24: Rs 15.27 H1 F

57%

e H1 FY 24: 37.2 Cr H1 FY 23: 26.2 Cr 42% INCREASE EBITDA H1 FY 24: 27.8 Cr H1 FY 23: 17.7 Cr 57% INCREASE PAT H1 FY 24: Rs 15.27 H1 FY 23: Rs 9.71 Cr 57% INCREASE EPS The Board of Directors

Rs 15.27

26.2 Cr 42% INCREASE EBITDA H1 FY 24: 27.8 Cr H1 FY 23: 17.7 Cr 57% INCREASE PAT H1 FY 24: Rs 15.27 H1 FY 23: Rs 9.71 Cr 57% INCREASE EPS The Board of Directors has also approved the 1st interim d

Rs 9.71

EASE EBITDA H1 FY 24: 27.8 Cr H1 FY 23: 17.7 Cr 57% INCREASE PAT H1 FY 24: Rs 15.27 H1 FY 23: Rs 9.71 Cr 57% INCREASE EPS The Board of Directors has also approved the 1st interim dividend of 10% on

10%

s 9.71 Cr 57% INCREASE EPS The Board of Directors has also approved the 1st interim dividend of 10% on the face value of Rs 10 per share for current fiscal FY2023-24. Standalone H1 FY 24: 37.6 Cr H

Rs 10

EPS The Board of Directors has also approved the 1st interim dividend of 10% on the face value of Rs 10 per share for current fiscal FY2023-24. Standalone H1 FY 24: 37.6 Cr H1 FY 23: 29.1 Cr 29% INCRE

29%

of Rs 10 per share for current fiscal FY2023-24. Standalone H1 FY 24: 37.6 Cr H1 FY 23: 29.1 Cr 29% INCREASE Revenue H1 FY 24: 24.7 Cr H1 FY 23: 18.8 Cr 31% INCREASE EBITDA H1 FY 24: 18.4Cr H1

31%

H1 FY 24: 37.6 Cr H1 FY 23: 29.1 Cr 29% INCREASE Revenue H1 FY 24: 24.7 Cr H1 FY 23: 18.8 Cr 31% INCREASE EBITDA H1 FY 24: 18.4Cr H1 FY 23: 12.5 Cr 47% INCREASE PAT H1 FY 24: Rs 10.12 H1 FY

47%

ue H1 FY 24: 24.7 Cr H1 FY 23: 18.8 Cr 31% INCREASE EBITDA H1 FY 24: 18.4Cr H1 FY 23: 12.5 Cr 47% INCREASE PAT H1 FY 24: Rs 10.12 H1 FY 23: Rs 6.89 47% INCREASE EPS Franchisee Test Preparat

Rs 10.12

: 18.8 Cr 31% INCREASE EBITDA H1 FY 24: 18.4Cr H1 FY 23: 12.5 Cr 47% INCREASE PAT H1 FY 24: Rs 10.12 H1 FY 23: Rs 6.89 47% INCREASE EPS Franchisee Test Preparation Online d t L i t n o P r e e

Rs 6.89

REASE EBITDA H1 FY 24: 18.4Cr H1 FY 23: 12.5 Cr 47% INCREASE PAT H1 FY 24: Rs 10.12 H1 FY 23: Rs 6.89 47% INCREASE EPS Franchisee Test Preparation Online d t L i t n o P r e e r a C Education

Consolidated Basis

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Standalone Result

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Dividend

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Analysis

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Structuring of the Scheme

1

Career Point University

1

Consolidated Basis

 Total Revenue for the period (H1 FY2023-24) at consolidated level is Rs. 56.4 Crores with significant year-on-year growth of 41%  EBITDA (including other income) is reported rupees 37.2 Crores with extraordinary EBITDA margin 66%. Net profit results at rupees 27.8 crores and EPS (Earning per share) of rupees 15.27 on consolidated basis with remarkable y-o-y growth of 57%.  As on 30 September 2023, Net worth of the company was reported to be rupees 506 crores and Book value per share of rupees 278.

Standalone Result

 Total Revenue for the period (H1 FY2023-24) at standalone level is rupees 37.57 Crores with an impressive year-on-year growth of +29%.  Reported EBITDA (including other income) is rupees 24.69 Crores with healthy EBITDA margin 65.7%.  At standalone level, the company reported net income of rupees 18.42 Crores and EPS of rupees 10.12 with remarkable year-on-year growth of 46.9%.

Dividend

 The Board of Directors has also approved the 1st interim dividend of 10% on the face value of Rs 10 per share for current fiscal FY2023-24.

Analysis

 The increase in income is a result of growth across the verticals. A bigger network of study centers advanced enrollment numbers in informal division. Whilst, formal education income also grew with higher enrollments and increased average student fee realization.  The growth validates our strategy of transitioning from an “Educational Service Provider” to an “Educational Product Company”. The Board of Directors of the Company in their meeting held on 14th February 2023, approved a composite scheme of arrangement ('Scheme') under section 230 to 232, amongst Srajan Capital Limited (Transferor Company), Career Point Limited (CPL) (Transferee Company/Demerged Company) and Career Point Edutech Limited (Resulting Company) and their respective shareholders.  Objective of the Scheme is to provide a simplified and streamlined group structure along with an efficient management control through separating education and non-education businesses in different listed entities. 

Structuring of the Scheme

i. Demerger of education business (‘Demerged Undertaking’) from Career Point Limited to Career Point Edutech Limited (wholly owned subsidiary); and ii. Merger of Srajan Capital Limited (wholly owned subsidiary) with Career Point Limited (Transferee Company).  Update on the Company’s Business Restructuring plans pursuant to above scheme: i. RBI has given No Objection Letter dated 14 Sep 2022 for merger of Srajan Capital Ltd. in Career Point Ltd. ii. BSE and NSE have also advised with letters dated 9 Aug 2023 to go ahead for filing the scheme with Hon’ble NCLT. iii. A separate application to grant NBFC license in Career Point Ltd is also filed at RBI Mumbai. iv. The Scheme along with applicable documents has been filed with honorable NCLT Chandigarh jurisdiction on 8 November 2023.  The scheme is, inter alia, subject to filing, receipt of approval from the statutory, regulatory and customary approvals, including approvals from RBI, NCLT Chandigarh jurisdiction. The appointed date for t

Career Point University

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