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9% yoy to Rs54cr, in line with our estimate of Rs52cr, owing to

Extra resources 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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Outlook: Though two time All American Margot Lawn is now at Louisville, the Cavaliers appear in better shape than most in the A Conference. They return 10 seniors, led by second team All Metro defender Caitlin Koehler, who will again team with all state defender Shelby Bumgarner. Sophomore Junior Olympians Becca Lawn (Miami Ohio) and Katie Fichtner will anchor the midfield and front line, respectively.

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