EdCIL (India) Limited has reported a stellar performance for the fiscal year 2023-24, achieving its highest-ever turnover and significant growth in profits. The company announced a dividend payout of ₹31 crore, marking a 55% increase from the ₹20 crore dividend paid in FY 2022-23.
In a formal ceremony held on November 5, 2024, Manoj Kumar, Chairman and Managing Director of EdCIL, presented the dividend cheque to K Sanjay Murthy, Secretary of Higher Education at the Ministry of Education. The event was attended by Govind Jaiswal, Joint Secretary (TEL) of the Ministry of Education, as well as senior officials from both the Ministry and EdCIL.
The company’s financial performance for FY 2023-24 was exceptional, with turnover reaching ₹656 crore, marking a remarkable 49% growth compared to ₹439 crore in the previous fiscal year. Additionally, EdCIL’s Profit Before Tax (PBT) surged to ₹137 crore, reflecting a 54% increase from the ₹89 crore reported in FY 2022-23.
EdCIL’s strong performance underscores its continued success in driving growth and value, solidifying its position as a leading player in the education consultancy and services sector. The company’s ability to achieve record turnover and profitability highlights its strategic initiatives and robust execution in a competitive market.
