Educomp Q4 net jumps at Rs 31.46 cr

E-learning solutions provider Educomp Solutions today announced a
stand-alone net profit of Rs 31.46 crore for the quarter ended March
31, over 2.39 fold increase compared to the corresponding period a
year-ago.

The company had a net profit of Rs 13.13 crore in the fourth quarter
last fiscal, Educomp said in a filing to the Bombay Stock
Exchange.

The stand-alone total revenue has increased to Rs 119.53 crore for the
quarter ended March 31, from Rs 51.86 crore in the year-ago
period.

For the year ended March 31, Educomp posted a net profit of Rs 70.06
crore, against Rs 28.58 crore in the period under review last
fiscal.

Total revenue of the company increased to Rs 276.92 crore for the year
ended March 31, from Rs 112.17 crore a year ago. Meanwhile, the
company said it is planning to raise up to 500 million dollar through
the issue of securities, including Foreign Currency Convertible Bonds
(FCCBs) or Global Depository Receipts (GDRs) in the international
markets.

On a consolidated basis, the group reported a profit after tax of Rs
31.70 crore for the quarter ended March 31, and a total revenue of Rs
127.38 crore.

For the year ended March 31, the group reported a profit after tax of
Rs 70.43 crore and a total revenue of Rs 304.22 crore. Shares of
the company were trading at Rs 4133.20, down 0.04 per cent on BSE in
afternoon trade.

 

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