EdServ Q3 net up over two fold to Rs 11.54 cr

CHENNAI: Education and placement services provider EdServ today reported an over two-fold increase in its net profit to Rs 11.54 crore for the third quarter ending December 31, 2010.

The city-based firm reported net profit at Rs 5.64 crore during the same period of previous year, a company statement said.

The revenues for the third quarter ending December 31, 2010 also doubled to Rs 31.16 crore from Rs 15.51 crore in the same period previous year.

"Technology-enabled education and placement services through Lampsglow.com has been a big driver for our growth during third quarter. Our focus has always been on affordable offering anytime, anywhere online be it in retail off-campus or in-campus schools...", EdServ Chairman and CEO S Giridharan said.

EdServ currently has over 1,000 dealers across the country, the statement added.