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Pramod Maheshwari, CMD and CEO of Career Point Infosystems told CNBC-TV18 that policy changes in the examination system, led to a fall in new entrants in the first quarter.
Total income of Career Point this quarter on a standalone basis dropped by 12 percent and on a consolidated basis it was almost the same, that is Rs 27 crore, said Pramod Maheshwari, CMD & CEO of company.
Career Point has declared its third quarter results. Pramod Maheshwari, CMD and CEO of Career Point says, for the tutorial business, the next academic session and the next financial year admission has already started taking place. “So far we have enrolled close to 15,000 students for next academic and financial year,” he adds.
Career Point Infosystems reported a jump in revenue of almost 32% at Rs 20.78 crore for the quarter-ended September 2011, compared with Rs 15.7 crore last quarter.
Career Point Infosystems has declared their Q4 results. The education company reported a jump of 44.69% in profit after tax (PAT) at Rs 7.64 crore for the fourth quarter ended March 31, 2011.