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25 November, 2017 16:43 IST
NIIT quarterly profit plunges 49.63%
Source: IRIS | 18 May, 2017, 10.09AM
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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 atMar - 17Mar - 16%Change
Revenues1,046.101,167.80(10.42)
Net Profit68.00135.00(49.63)
Diluted EPS0.410.81(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).



N I I T Limited   (Q,N,C,F)*

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