Kolkata, Aug 3 (IBNS): Usha Martin Education & Solutions Limitedís (UMESL) on Friday announced the unaudited financial results for the first Quarter ended June 30.
The company recorded Rs.88.51 lakhs as consolidated revenue for the Quarter ended 30th June, 2012 and Rs.24.76 lakhs as revenue on standalone basis.
Consolidated net loss for the Quarter ended 30th June, 2012 stood at Rs.321.22 lakhs whereas its standalone net loss was at Rs.321.91 lakhs.
New Admission for the FY 2012-13 are going on and as per the trend available up to 30th of June, 2012, new registrations are at par with the budget.
"However, admissions recorded in the undergraduate courses are more than the postgraduate courses, which may have an impact on revenue and profitability for the FY 2012-13. We are trying to mitigate the risks by reviewing the operating costs," said an official spokesperson.
Due to overall slowdown in Indian Corporate world, training has reduced substantially and this has impacted the revenue in the first quarter, said the company.