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Educomp Solutions is going to announce its third quarter results on Wednesday. According to CNBC-TV18 poll, the company is likely to report decent earnings on quarter-on-quarter (QoQ) basis while year-on-year numbers were tepid.
In an interview to CNBC-TV18 Shantanu Prakash, managing director Educomp Solutions said, the company‘s margins are under stress due to high interest cost and volatile currency movement.
Shantanu Prakash, managing director and chief executive officer of Educomp Solutions spoke to CNBC-TV18 about the third quarterly numbers for the company and the way ahead.
Educomp Solutions is likely to report a consolidated profit after tax of Rs 59 crore in the second quarter of FY12, a rise of 2% as compared to Rs 57.8 crore in the corresponding quarter of last fiscal.
Educomp is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4FY11 consolidated revenues are seen up 37% to Rs 454 crore versus Rs 333 crore, year-on-year, YoY.
Education solutions provider Educomp Solutions is set to report a profit after tax of Rs 98 crore for the quarter ended December 2010 as against Rs 58 crore in previous quarter.