IT education services provider Educomp Solutions today said its consolidated net profit surged two fold to Rs 36.27 crore in the first quarter ended June 30, 2009.
Total revenue rose to Rs 209.17 crore in the latest quarter, against Rs 89.12 crore in the same period last year, Educomp Solutions said in a filing to the Bombay Stock Exchange.
On a standalone basis, the net profit of the company jumped two-fold to Rs 36.27 crore in the quarter ended June, 30.
Total income rose to Rs 160.34 crore in the quarter under review, against Rs 72 crore in the same quarter previous fiscal.
The board of directors have re-appointed Shantanu Prakash as CEO and Managing Director of the company for a period of five years with effect from August 1, 2009, to July 31, 2014.
However, the appointment would be subject shareholders' approval.
Shares of Educomp Solutions today closed at Rs 4,064.75 on the Bombay Stock Exchange, down 2.86 per cent from previous close.
