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NIIT announces Q1 net profit at Rs 1,090.4 crore; revenue falls 2%

In April this year, funds affiliated with Baring Private Equity Asia (BPEA) bought about 30 per cent stake in NIIT Technologies from NIIT Ltd

TDS on Rs 1-crore cash withdrawal aimed at cracking down on black money
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Press Trust of India New Delhi
Skills and talent development company NIIT Ltd on Saturday posted a consolidated net profit of Rs 1,090.4 crore for the June quarter, and said its board has approved a buyback programme of up to Rs 335 crore.

Its net revenue declined by 2 per cent to Rs 210.3 crore in the quarter under review from Rs 214.3 crore in the year-ago period.

NIIT Ltd, which had registered a net profit of Rs 17.9 crore in the April-June 2018 quarter, said profit after tax for the June 2019 quarter includes one-time income on account of divestment of NIIT Ltd's shareholding in
Topics : NIIT

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