TreeHouse Q4 net up 45% at Rs 7.34 crore

MUMBAI: Educational services provider TreeHouse today reported 45 per cent growth in net profit for at Rs 7.34 crore the quarter ending March 31, 2013, compared to the same period last year.

TreeHouse's PAT stood at Rs 5.06 crore in the corresponding period of FY12, the company said in a release issued here.

The company's revenue for the quarter under review grew by 32.77 per cent at Rs 31.07 crore compared to Rs 23.40 crore in the same quarter last year.

"While these results are another milestone in our journey, we believe that the journey has just begun. As we gain acceptance and garner market share in city after city, and as the K12 schools we serve, we are known for quality," TreeHouse Promoter and Managing Director Rajesh said.

The total PAT for the year grew by 54 per cent to Rs 33.33 crore compared to Rs 21.66 crore.

The company's total revenue for FY13 went up by 49.63 per cent at Rs 121.34 crore compared to Rs 81.09 crore.