NIIT net up 21%

BS 200 SCORECARD

NIIT Ltd along with its subsidiaries reported a 21 per cent rise in consolidated net profit during the first quarter of the current financial year at Rs 13.1 crore, compared to Rs 10.9 crore during the corresponding period last year.

The company's operating profit grew 11 per cent to Rs 14.3 crore and operating margin improved to 13.4 per cent as against 12.3 per cent last year.

The basic earning per share for the first quarter stood at Rs 6.8 on each share of Rs 10. 'Business volumes and operating efficiencies have improved in all segments leading to a 21 per cent improvement in net profit,' NIIT chairman Rajendra S Pawar said.