Educomp Solutions registers three-fold jump in Q2 net profit

Educomp Solutions registers three-fold jump in Q2 net profitEducomp Solutions, leading education solutions provider, has registered a three-fold jump in its consolidated net profit for the second quarter ended September 30.

During the reporting quarter, the company has posted a net profit of Rs 117 crore, against like period year ago.

Educomp functionaries stated in a communiqué that company’s total revenue soared to Rs 253.51 crore in the latest quarter of the current year, as compared to Rs 132.15 crore in the comparable period a year before.

On standalone basis, the company has clocked a net profit of Rs 50.40 crore during the said quarter, against Rs 25.38 crore in the corresponding period previous year.

Stock of Educomp Solutions Ltd ended the day in red at Rs 800, down 1.69% on Bombay Stock Exchange (BSE). The total volume of shares traded on BSE was 885,862.