Zee Learn quarterly results and financials

Zee Learn (ZEELEARN)₹6.18+1.64%(9 Nov 2026 close)Education

Key facts

In the Sep 2026 quarter (consolidated), Zee Learn reported sales of ₹54.85 Cr, up 22.3% from Sep 2025, and net profit of −₹1.73 Cr. For the year to Mar 2026, sales were ₹440 Cr and net profit ₹39.17 Cr.

Sales (Sep 2026): ₹54.85 Cr
Net profit (Sep 2026): −₹1.73 Cr
Sales (FY Mar 2026): ₹440 Cr
Net profit (FY Mar 2026): ₹39.17 Cr
EPS (Sep 2026): ₹−0.04
Borrowings (Mar 2026): ₹378 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Zee Learn quarterly results

₹ crore unless stated; each column is a quarter.

Zee Learn Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	68.03	117	80.68	58.40	74.99	159	79.42	44.86	79.91	160	93.66	54.85
Expenses	45.48	65.08	56.67	51.76	66.27	94.33	49.20	32.75	71.06	107	60.83	37.94
Operating Profit	22.28	51.47	23.75	6.51	8.53	64.47	30.00	12.03	8.75	52.85	32.57	16.74
OPM %	32.9%	44.2%	29.6%	11.2%	11.4%	40.7%	37.9%	27.0%	11.0%	33.2%	34.9%	30.7%
Other Income	−4.54	145	3.78	6.36	6.94	−12.42	0.34	5.47	3.87	36.29	1.74	4.83
Interest	10.98	10.00	10.84	8.26	9.53	9.99	12.50	12.72	1.38	11.45	8.05	9.09
Depreciation	6.46	4.19	8.45	8.49	9.01	10.49	11.01	10.58	10.49	11.87	11.58	11.99
Profit before tax	0.34	183	8.26	−3.90	−3.11	31.73	6.81	−5.83	0.73	65.93	14.73	0.49
Tax %	687.8%	7.1%	55.7%	3.8%	21.2%	46.6%	72.1%	5.8%	468.0%	30.9%	42.6%	456.2%
Exceptional items	0.00	129	0.00	0.00	0.00	−9.01	−0.99	1.01	0.00	19.99	−2.01	−1.01
Net Profit	−1.95	170	3.65	−4.04	−3.77	16.94	1.91	−6.16	−2.66	45.61	8.45	−1.73
EPS (Rs)	0.04	5.20	0.10	−0.11	−0.10	0.51	0.05	−0.18	−0.09	1.40	0.25	−0.04

Zee Learn profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Zee Learn Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	153	181	270	519	517	258	249	325	357	374	440	388
Expenses	108	121	166	359	347	214	197	293	260	269	336	276
Operating Profit	42.98	58.94	103	158	169	42.96	50.98	30.99	96.96	103	104	111
OPM %	29.0%	33.0%	38.0%	31.0%	33.0%	17.0%	20.0%	10.0%	27.0%	28.0%	24.0%	28.6%
Other Income	2.01	4.01	3.01	32.10	10.03	56.16	31.13	−409	146	5.01	46.13	46.73
Interest	19.96	20.96	18.99	46.96	58.93	50.93	43.91	43.94	41.97	38.92	37.98	29.97
Depreciation	10.01	10.01	11.01	27.99	64.03	50.06	37.04	32.02	23.99	36.04	44.02	45.93
Profit before tax	15.04	32.07	76.22	115	56.14	−2.01	1.01	−453	177	33.10	68.20	81.88
Tax %	0.0%	−3.0%	35.0%	26.9%	55.0%	946.9%	1,665.0%	2.0%	12.0%	60.9%	42.9%	—
Exceptional items	0.00	0.00	0.00	0.00	−13.99	1.99	−11.01	−415	110	−6.01	38.99	16.97
Net Profit	15.05	34.10	49.17	83.34	25.07	−21.09	−13.04	−464	157	13.06	39.17	49.67
EPS (Rs)	0.48	1.03	1.50	2.34	1.33	−0.26	−0.09	−13.61	5.00	0.38	1.19	1.52
Dividend payout %	0.0%	9.9%	7.0%	4.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Zee Learn balance sheet

₹ crore, at each year end.

Zee Learn Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	32.01	32.03	31.99	32.99	32.99	32.97	32.98	32.99	33.01	33.01	32.97	32.99
Reserves	202	218	259	320	398	437	431	429	−12.96	150	163	201
Borrowings	372	386	253	256	431	457	443	436	462	359	398	378
Other Liabilities	77.37	68.33	200	326	615	593	563	547	539	542	916	981
Total Liabilities	683	704	744	936	1,475	1,519	1,468	1,445	1,020	1,082	1,509	1,593
Fixed Assets	93.57	114	519	534	996	1,065	1,021	984	646	625	613	591
CWIP	444	478	93.04	83.93	56.02	59.01	53.01	52.98	52.94	0.00	0.00	0.00
Investments	4.01	10.01	6.01	14.01	2.01	11.02	0.00	0.00	0.00	0.00	6.01	6.01
Other Assets	140	104	126	304	420	383	395	408	321	457	890	996
Inventories	27.04	11.02	14.02	9.01	13.02	18.03	11.02	5.01	26.06	27.04	26.03	27.06
Trade receivables	15.99	30.01	49.95	15.01	52.96	67.03	90.94	103	25.99	38.01	40.99	46.95
Cash & equivalents	16.05	12.04	17.04	24.06	27.06	16.04	13.04	32.10	35.11	23.05	30.07	60.20
Total Assets	683	704	744	936	1,475	1,519	1,468	1,445	1,020	1,082	1,509	1,593

Zee Learn cash flow

₹ crore, for each year.

Zee Learn Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	33.01	47.08	189	249	21.01	122	12.02	62.10	42.02	60.06	83.04	108
Cash from investing activity	−82.83	−39.94	−8.99	−226	−48.90	14.96	13.97	−5.99	−11.98	−5.99	−12.98	−5.99
Cash from financing activity	43.10	−5.01	−173	−15.03	27.07	−150	−29.08	−37.07	−30.07	−61.10	−63.10	−71.14
Net cash flow	−7.03	2.01	6.02	7.02	−1.01	−13.06	−2.01	20.06	0.00	−7.02	7.03	31.13
Capex	76.43	42.80	15.57	13.58	65.07	8.81	1.35	1.12	4.19	2.73	11.12	12.90
Free cash flow	−42.12	5.01	173	236	−44.13	113	12.04	62.12	38.09	58.18	72.22	95.22
CFO / OP %	120.0%	115.0%	330.0%	269.0%	32.0%	88.0%	43.0%	143.0%	168.0%	88.0%	105.0%	129.0%

Zee Learn ratios

Working-capital days and returns, by year.

Zee Learn Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	47	73	102	21	38	48	131	153	31	40	41	40
Inventory days	320	111	155	85	121	232	261	86	168	—	150	136
Days payable	155	93	141	73	440	757	2,259	1,287	451	—	70	82
Cash conversion cycle	210	88	114	32	−283	−479	−1,869	−1,050	−254	38	119	93
Working capital days	−295	−92	−69	−81	−80	−152	−268	−361	−343	−154	−107	−44
ROCE %	4.0%	6.0%	8.9%	15.9%	20.0%	13.9%	4.0%	4.0%	2.0%	15.9%	14.9%	13.0%

Zee Learn: frequently asked questions

What are the latest quarterly results of Zee Learn?

For the Sep 2026 quarter, Zee Learn reported sales of ₹54.85 Cr, up 22.3% year on year and net profit of −₹1.73 Cr. The operating margin was 30.7%.

What is the annual revenue of Zee Learn?

Zee Learn's sales for the year to Mar 2026 were ₹440 Cr; over the last twelve months they were ₹388 Cr.

What is the net profit of Zee Learn?

Net profit for the year to Mar 2026 was ₹39.17 Cr, and ₹49.67 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.52.

How much debt does Zee Learn have?

Zee Learn reported borrowings of ₹378 Cr at Mar 2026, against cash and equivalents of ₹60.20 Cr.

What is the free cash flow of Zee Learn?

Cash from operations was ₹108 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹95.22 Cr.

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