Educomp announces Q1 results

Educomp Solutions, the eLearning enabler and IT Education Company announced their financial results for the first quarter for the fiscal year 2007-08.

While announcing the results, Shantanu Prakash, MD, Educomp Solutions, said, " Educomp has performed exceptionally well across all business segments this quarter. Our revenues have overall increased by 193.60% and PAT by 218.13% compared to Q1 for FY07. We have added 3142 schools under our ICT initiative, 65 new schools under Smart Class program. Educomp generally books 10% of its annual revenues in the first quarter, hence the results are very gratifying."

As per the company, it has posted an impressive increase of 193.60% in its income at Rs. 274 mn as against Rs. 93.7 mn in the corresponding quarter last year. The company's Profit After Tax (PAT) for Q1 is up by 218.13 % at Rs. 59.7 mn from Rs. 18.8 mn in the corresponding quarter previous year.

EIDTA for the quarter stood at Rs. 133.8 mn clocking an increase of 281.72 % as against Rs. 35.2 mn in the corresponding quarter last year. The basic EPS stood at Rs. 3.70 as against Rs. 1.18 in the corresponding quarter last year.

Added on July 28, 2007 Comment

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