NIIT standalone net profit declines 49.33% in the March 2017 quarter

Sales decline 10.52% to Rs 94.56 crore

Net profit of NIIT declined 49.33% to Rs 6.82 crore in the quarter ended March 2017 as against Rs 13.46 crore during the previous quarter ended March 2016. Sales declined 10.52% to Rs 94.56 crore in the quarter ended March 2017 as against Rs 105.68 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 5.07 crore in the year ended March 2017 as against net profit of Rs 0.11 crore during the previous year ended March 2016. Sales declined 3.97% to Rs 366.29 crore in the year ended March 2017 as against Rs 381.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales94.56105.68 -11 366.29381.45 -4 OPM %5.8510.43 --1.181.53 - PBDT9.0417.23 -48 15.5726.72 -42 PBT3.3211.08 -70 -8.43-1.52 -455 NP6.8213.46 -49 -5.070.11 PL

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