Everonn posts Rs 63-cr loss in Q4

Everonn Education Ltd has reported a net loss of Rs 63 crore for quarter ended March 2012. This is compared to a net profit of Rs 26 crore in the same quarter last year. The Chennai-based company reported a 32 per cent decline in fourth quarter revenue to Rs 90 crore (Rs 134 crore). For the financial year, the company reported a net loss of Rs 68 crore on revenue of Rs 360 crore as against a net profit of Rs 68 crore on revenue of Rs 425 crore in the previous year. The company's stock price on the BSE closed up at Rs 189.50