CP Capital Limited — Important, 14-02-2025: Updates

The Board of Directors of Career Point Limited convened and approved significant financial metrics for the quarter and nine months ending December 31, 2024. Total revenue reached ₹59.4 crore, marking a year-on-year increase of 9%, while consolidated revenue was ₹89.2 crore, up 6%. EBITDA also showed growth, with standalone EBITDA at ₹40 crore, reflecting a 12% rise, and consolidated EBITDA at ₹62.6 crore, up 5%. Importantly, profit after tax surged 24% to ₹31.8 crore for standalone results and 7% for consolidated results, totaling ₹46 crore.

In addition, the Board declared a third interim dividend of ₹1 per share, effective for shareholders on record by February 21, 2025. The company's restructuring plans, aimed at separating its education and non-education businesses, are progressing, with necessary approvals in place. The outlook appears positive with strong growth in the education sector and potential expansion post-restructuring. Keep an eye on further developments as the company navigates this transition.