Educomp Solutions today posted consolidated net profit, after minority interest, of Rs 24.58 crore for the quarter ended December 31, 2011.
This is against the net profit of Rs 96.70 crore for the quarter ended December 31, 2010, Educomp said. The consolidated total income has increased to Rs 371.93 crore for the quarter under review, from Rs 366.18 crore for the same quarter last year.
The reported numbers for the quarter ended December 31, 2010 include the impact of one-time business transfer revenue of Rs 98.24 crore (Q3 FY'11).
On like-to-like comparison, after eliminating the impact of one time business transfer revenue, the net profit has increased 20 per cent to Rs 40.99 crore in Q3 FY'12 from Rs 34.20 crore in Q3 FY'11.
The total revenue, on the other hand, has increased 48 per cent at Rs 263.39 crore in the quarter under review from Rs 178.17 crore in the same quarter last year.
On a standalone basis, the net profit was at Rs 40.99 crore during the quarter, as against Rs 112.02 crore in the same period last year, the statement said.
Educomp's revenue (standalone) stood at Rs 263.39 crore in the quarter under review, as against net profit of Rs 276.42 crore in the corresponding quarter last fiscal.
Higher learning solutions segment reported revenues of Rs 3.58 crore in Q3 FY'2011-12, while school learning solutions revenues stood at Rs 247.59 crore. The online supplemental and global segment revenue stood at Rs 12.21 crore.