EdServ Q4 net profit up 86 to 11.52 cr

For the year ended March 31,2011,the net profits of the company jumped by 128.8 per cent to Rs 41.21 crore from Rs 18.01 crore reported during the same period of the previous year,it said.

The total revenues of the company for the fourth quarter ended March 31,2011,grew to Rs 42.15 crore from Rs 20.79 crore registered during the same period last year.

For the year ended March 31,2011,the total revenues of the company rose to Rs 122.16 crore as against Rs 52.11 crore registered during the same period of previous year.

The Board has recommended a dividend of Rs 3 per share for the financial year 2011.

8220;FY8217;11 has been a year of strong growth for EdServ. We have more than doubled both the revenues and net profit for the full year.

8220;During 2010-11,the company has expanded and strengthened its presence in all its area of operations academics,higher education support,skill development,8221; EdServ Chairman and CEO S Giridharan said.

8220;As part of expansion plans we will expand our reach to offering education products through television,tablet and mobile device based users,8221; he added.