Educomp Solutions has reported consolidated net profit of Rs 146 crore in quarter ended March 2011, a growth of 142% as compared to Rs 60.4 crore in same quarter the previous year.
Consolidated net sales went up by 47% to Rs 489 crore from Rs 333 crore on year-on-year basis.
In FY11, Educomp posted standalone net profit of Rs 389 crore and net sales of Rs 1,021 crore. For the same period, company's consolidated net profit stood at Rs 337 crore and net sales at Rs 1,350 crore.
Educomp is going to restructure outstanding FCCBs of USD 78.5 million. Company's board approved fund raising of up to USD 250 million via FCCB/ADR/GDR.
For the financial year 2011-12, company sees profit after tax of Rs 400 crore as against Rs 337 crore and sales of Rs 1,760 crore versus Rs 1,350 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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