Tree House Education net profit jumps 30.56 pc in Q1 FY15

Tree House Education & Accessories Limited (Treehouse) today reported 30.56 per cent jump in the net profit at Rs 16.06 crore in Q1FY 15 as compared to Rs 12.30 crore in Q1FY 14.
The company's revenue from operations also increased by 31.90 per cent to Rs 53.91 crore in the quarter ended June 2014 as against Rs 40.87 crore in the same period last year, a company statement said here.
The company said that there was a net addition of 15 preschools in the first quarter of FY 15. The number of centres as on June 30, 2014 is 505 and the number of self-operated preschools is 403.

The company is now present in 67 cities in India and has added new cities like Kozhikode, Ajmer, Bikaner and Gorakhpur in the June quarter.
"This quarter saw us cross Rs 50 crore quarterly revenue for the first time. We also crossed the 500 centre mark this quarter and are poised for exponential growth in centres in the coming quarters also," Treehouse Managing Director Rajesh Bhatia said.
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Gati June quarter net profit at Rs 11.5 crore * Logistic player Gati today reported 71.6 per cent rise in net profit of Rs 11.50 crore for the quarter ended June 30 on the back of higher incomes.

The company which is present in express delivery and supply chain management had posted a net profit of Rs 6.70 crore in the corresponding period of last fiscal, the company said in a filing to BSE.
Its total income went up to Rs 397.63 crore, over Rs 322.23 crore in the corresponding quarter of FY'14, it said.
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Tube Investments posts 10.8 per cent jump in 1 qtr net profits * Tube Investments of India, part of the diversified business conglomerate Murugappa Group today reported a consolidated net profit of Rs 89.52 crore in the first quarter of this fiscal, an increase of 10.8 per cent.

It had clocked consolidated net profits at Rs 80.74 crore during the corresponding period of previous year, the Chennai- based company said in a statement today.
Total income from operations for the first quarter ending June 30, 2014 grew to Rs 2,377.16 crore from Rs 2,102.55 crore registered during the same period of previous year.
"(The company's) Bicycles division recorded increase in volumes during the season compared to the previous year. Engineering business and metal forming business were aided by robust growth in two wheelers and recovery in passenger cars compared to the same quarter last year.
"Profitability was sustained with continued focus on operational excellence and cost competitiveness," Tube Investments of India MD L Ramkumar said.