Educomp Q2 net plunges 78% to Rs 13 cr

Educomp Solutions, an education solutions provider, reported a 78% drop in net profit (minority interest) at Rs 12.7 crore as against Rs 57.8 crore in the same period a year ago.

However, total income rose 15% to Rs 327.4 crore from Rs 285.1 crore in September 2010.

Educomp's shares slumped 9.6% to Rs 243 on Bombay Stock Exchange at 1515 hours.