NIIT quarterly profit plunges 49.63%
Source: IRIS | 18 May, 2017, 10.09AM
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| Rating: NAN / 5 stars. |
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NIIT disclosed a substantial drop in standalone net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 49.63% to Rs 68.00 million from Rs 135.00 million in the same quarter last year. Revenues for the quarter declined 10.42% to Rs 1,046.10 million, compared with Rs 1,167.80 million for the prior year period. Earnings per share for the quarter stood at Rs 0.41, registering 49.38% decline over previous year period. | Quarterly Results - Standalone (Rs in mn) | | As at | Mar - 17 | Mar - 16 | %Change | | Revenues | 1,046.10 | 1,167.80 | (10.42) | | Net Profit | 68.00 | 135.00 | (49.63) | | Diluted EPS | 0.41 | 0.81 | (49.38) |
Shares of the company gained Rs 2.15, or 2.43%, to trade at Rs 90.75. The total volume of shares traded was 117,616 at the BSE (10.00 a.m., Thursday).
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