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Educomp posts 73% increase in Q4 net profit

Educomp posts 73% increase in Q4 net profit
PTI
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First Published: Thu, Apr 30 2009. 04 35 PM IST
Updated: Thu, Apr 30 2009. 04 35 PM IST
Mumbai: Educomp Solutions, an e-learning solutions provider, on Thursday said its net profit grew 73.26% to Rs54.51 crore in the fourth quarter ended 31 March 2009, over the corresponding period of last year.
The company had a net profit of Rs31.46 crore in the March quarter of 2007-08, Educomp Solutions said in a filing to the Bombay Stock Exchange (BSE).
Total revenue during the January-March quarter of FY09 rose to Rs184.38 crore from Rs119.53 crore of the same quarter last year.
For the fiscal year ended 31 March 2009, Educomp posted a net profit of Rs128.26 crore, an 83.07% growth compared to Rs70.06 crore in 2007-08.
Total revenue of the company rose to Rs507.09 crore in FY09 from Rs274.57 crore of last fiscal.
On Wednesday, shares of Educomp Solutions closed at Rs2,474.25, up 3.60% on the BSE.
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First Published: Thu, Apr 30 2009. 04 35 PM IST