Educomp Solutions Q3 net up 61% at Rs 32 cr

Educomp Solutions today reported a 61.36 per cent jump in net profit at Rs 31.83 crore for the third quarter ended December 31, 2008, as compared to Rs 19.72 crore in the corresponding quarter a year ago. The total revenue rose two-fold to Rs 191.13 crore for the quarter under review, from Rs 88.26 crore in the same period last fiscal. On a standalone basis, Educomp reported a net profit of Rs 31.55 crore for the December quarter, up 66 per cent over the year-ago period, which was at Rs 19.01 crore. The standalone total income stood at Rs 146.96 crore during the third quarter of FY08. For the nine-month ended December 2008, Educomp reported a two-fold growth in net profit at Rs 73.71 crore and the total revenue rose two-fold at Rs 312.82 crore. Shares of Educomp closed at Rs 1,720, down 1.53 per cent on the BSE.