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Educomp Solutions’ Q4 net profit zooms 122%

30 May 2011 Evaluate

Educomp Solutions has announced the results for the quarter and year ended March 31, 2011.

The company’s posted net profit zoomed 122% to Rs 157.39 crore for the quarter ended March 31, 2011 as compared to Rs 71.05 crore for the quarter ended March 31, 2010. Its total income has increased from Rs 282.34 crore for the quarter ended March 31, 2010 to Rs 395.68 crore for the quarter ended March 31, 2011.

For the Year ended March 31, 2011, the company has posted a surge of 75% in its net profit of Rs 388.87 crore as compared to Rs 221.86 crore for the year ended March 31, 2010. Total income of the company has increased from Rs 872.71 crore for the year ended March 31, 2010 to Rs 1062.01 crore for the year ended March 31, 2011.

On consolidated basis, the group has posted a net profit after minority interest zoomed 124% to Rs 145.66 crore for the quarter ended March 31, 2011 as compared to Rs 64.92 crore for the quarter ended March 31, 2010. Its total income has increased from Rs 347.85 crore for the quarter ended March 31, 2010 to Rs 507.78 crore for the quarter ended March 31, 2011.

For the year ended March 31, 2011, the group has posted a net profit after minority interest of Rs 336.67 crore as compared to Rs 275.86 crore for the year ended March 31, 2010, up 22%. Total income of the company has increased from Rs 1165.01 crore for the year ended March 31, 2010 to Rs 1397.02 crore for the year ended March 31, 2011.

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