NIIT profit doubles to Rs 11.5 cr

Net revenue for the June quarter stood at Rs 227.5 cr, up 4% on a year-on-year basis

IT training company NIIT Ltd today said its profit after tax doubled to Rs 11.5 crore during the first quarter ended June 30, 2012.

The company had a PAT of Rs 5.5 crore in the April-June period of FY12.

The net revenue of the company for the June quarter stood at Rs 227.5 crore, up 4% year-on-year basis. Last year, the Q1 net revenue was Rs 219 crore.

"Sensing the uncertainty in job markets we are focused on short term IT and banking programmes and on enhancing the employability of our students," NIIT Chairman Rajendra S Pawar said.

Shares of the company were trading at Rs 43.45, up 4.83% on the BSE at 12:22 pm.