Education and training firm Aptech Ltd, in which trader Rakesh Jhunjunwala is said to be exploring a sale of his promoter holdings, has seen revenue and net profit slump for the three months ended December 31, 2011.
The firm's revenues fell to Rs 39.79 corre from Rs 47.42 crore, leading to a 10% fall in net profit over the previous quarter to Rs 6 crore.
However, net profit was up compared to the corresponding quarter of the previous year, despite a slackening in revenue growth. Shares of the company were down 5% to Rs 90.45 on BSE on Friday. The company was not available for comment on the performance.
Jhunjhunwala holds around 36% stake in the company, which he acquired six years ago.
From being a firm focussed on computer skills training and primarily within India, Aptech has diversified into segments such as English language and animation training and into over 30 countries.
It acquired the animation training business of Maya last year, becoming the largest player in the animation training segment in India.
Source: www.economictimes.com
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