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IT education solutions provider Educomp Solutions on Friday said it has registered a 56.52 per cent jump in its net profit to Rs 100.38 crore for the quarter ended December 31, 2010, driven by strong growth in the school learning solutions business.
During the same period previous fiscal the company had posted a net profit of Rs 64.13 crore, Educomp said in a filing to the Bombay Stock Exchange.
Shares of Educomp closed at Rs 437.65 apiece, up 5.94 per cent from its previous close on the BSE.
The company’s total revenue increased to Rs 357.51 crore in Q3 FY’11 from Rs 260.09 crore during Q3 FY’10, up 37.45 per cent.
The school learning solutions vertical contributed Rs 279.44 crore in revenue during Q3 FY’11 as compared to Rs 198.67 crore in Q3 FY’10.
Higher learning solutions business contributed Rs 14.59 crore, while the K-12 schools and Online Supplemental and Global divisions added Rs 30.36 crore and Rs 33.11 crore, respectively.
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