NIIT Tech Q1 net up 56% at Rs 21.8cr

NIIT Technologies today posted a 56% increase in net profit at Rs 21.8 crore for the first quarter ended June 30, 2006 when compared with Rs 14 crore in Q1FY06.

Consolidated revenue for the quarter under review increased 40% to Rs 191 crore as against Rs 136.5 crore in the same period of the previous fiscal.

The company's fresh order intake stands at $38 million. "Additional revenues from Room Solutions supplemented the healthy 27% year-on-year organic growth witnessed in the quarter," NIIT Technologies chairman Rajendra S Pawar said.