CL Educate Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of CL Educate Limited has approved the unaudited financial results for the quarter and half-year, revealing an 8% increase in Revenue from Operations, totaling ₹2,192.7 crore for the half-year ended September 30, 2024, and an Operating EBITDA growth of 24% to ₹219.3 crore in the same period. The Total Comprehensive Income for the half-year stood at ₹29.4 crore, impacted by a transition to regular taxation. Additionally, the Board greenlit the establishment of a wholly owned subsidiary dedicated to organizing luxury weddings and social events under the brand 'Kestone Utsav', tapping into a lucrative market valued at over USD 75 billion.