NIIT Technologies, an IT organisation, today reported an 11.2% increase in net profit to Rs 46 crore for the quarter ended September 30, 2011. In the previous quarter it was Rs 40.8 crore.
On yearly basis, its net profit rose 5.1% from Rs 43.5 crore in the corresponding period a year ago.
Sequential revenue too rose 12.9% to Rs 371 crore while on yearly basis there was a 14.3% increase from Rs 324 crore posted on September 30, 2011.
The company's stock price on Bombay Stock Exchange fell 4% and were trading at Rs 229 at 1530 hours.
