Educomp FY10 consolidated net jumps twofold to Rs 275 cr

Educomp Solutions today said its consolidated net profit jumped over twofold to Rs 275.8 crore for the year ended March 31, 2010, over the same period last year.

Total income rose to Rs 1,165 crore in the same period ended March 2010, from Rs 651.8 crore in the same period previous fiscal, Educomp Solutions said in a filing to the Bombay Stock Exchange (BSE).

The total dividend declared for the year is Rs 2.75 per share (on the face value of Rs 2 each).

On the standalone basis, the company has posted a net profit of Rs 221 crore for the year ended March 31, from Rs 131 crore in the same period previous year.

Shares of Educomp Solutions today closed at Rs 561.95 per piece on the BSE, down 2.89 per cent from the previous close.

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