UMESL consolidated revenue up 98%

Kolkata, May 11 (Calcutta Tube / IBNS) Usha Martin Education & Solutions Limited (UMESL) on Wednesday announced that the company has reported 98% growth in consolidated revenue for the financial year ended 31st March 2011.

The company recorded 98% increase in consolidated revenue on year-on-year basis and 72% increase in revenue on standalone basis (y-o-y).

Consolidated net profit (PAT) grew by 57% (y-o-y) where its standalone net profit of ` 157.07 lacs is a 55% increase over last year. Student registrations across various offerings have increased by 23% over last year.

The company, through its wholly owned subsidiary, provides end-to-end school management services to 12 K-12 schools in eastern India. These schools have approximately more than 2500 students.

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