NIIT reports Q3 net profit at Rs 40.75 crore
IT training company NIIT today reported a net profit of Rs 40.75 crore for the third quarter ended December 31, 2011.
NEW DELHI: IT training company NIIT today reported a net profit of Rs 40.75 crore for the third quarter ended December 31, 2011.
"The figures are not comparable as the company has divested its US-based subsidiary element K," NIIT said in a statement.
Net revenues rose to Rs 239 crore during the quarter under review, up 15 per cent from Rs 207.9 crore the same year-ago period.
"The acquisition of two global clients for delivering multi year multi million dollar managed training services growth enrollment, both for the short-term technology diploma programmes and finance and banking courses, reflected the strong acceptance of the NIIT brand in these challenging times," NIIT Ltd CEO Vijay K Thadani said.
Shares of NIIT Ltd were trading at Rs 43.80 on the BSE, up 2.46 per cent from the previous days close.
Download ET Markets APP
