Education solutions provider Educomp Solutions today said its consolidated net profit has declined over 57% to Rs 61.54 crore for the quarter ended March 31, 2012 from the same period last year.
The company had registered a net profit of Rs 145.66 crore in the fourth quarter of FY2010-11, Educomp said in a statement.
The total income from operations, however, increased 5.09% to Rs 513.61 crore for the January-March 2012 quarter compared to Rs 488.71 crore in the same period last year.
"The reported numbers for Q4 FY11 and full year ended March 31, 2011 include the impact of one-time exceptional business transfer revenue (BTA) of Rs 154 crore (Q4 FY11) and Rs 294 crore (FY11)," Educomp said in a statement.
On a like to like comparison, after eliminating the impact of the one-time business transfer revenue, the net profit for the January-March quarter is up 317%, while operational revenue is up 53%, it added.
For FY12, the company's net profit dipped over 59% to Rs 135.53 crore from Rs 336.67 crore in 2010-11.
The total income from operations, however, increased 10.39% to Rs 1,491.27 crore in FY2011-12 from Rs 1,350.89 crore in the preceding fiscal.
Without the impact of BTA, the operational revenue was up 41%, while net profit grew 56% year-on-year, Educomp said. School learning solutions operational revenue was up 48% at Rs 1,057 crore, while the K-12 schools revenue up 29% at Rs 175.6 crore in FY'12 compared to the previous fiscal.
Higher learning solutions revenue increased nine% in 2011-12 at Rs 62.7 crore, while online, supplement and global revenue up 32% at Rs 196.1 crore in FY12 over the previous fiscal.
The company said its gross debt is down to Rs 1,943.8 Rore in Q4 FY12 from Rs 2,044.3 crore in Q3 FY12. Cash and bank balance was up at Rs 337 crore in Q4FY12 from Rs 240.5 crore in the preceding quarter.
Educomp shares closed at Rs 143.40 a piece, down 3.60% from their previous closing at the BSE.