NIIT Ltd Q3 net up 36% on strong order pipeline

IT training company NIIT Ltd Friday reported a growth of nearly 36 percent in its consolidated net profit at Rs 12.9 crore for the third quarter ended December 31, 2010, on the back of good order intake.

New Delhi: IT training company NIIT Ltd Friday reported a growth of nearly 36 percent in its consolidated net profit at Rs 12.9 crore for the third quarter ended December 31, 2010, on the back of good order intake.
     
The company had a net profit of Rs 9.5 crore in the October-December quarter last fiscal, NIIT Ltd said here.
     
"There was 12 percent revenue growth in Individual Learning Solutions business and strong order intake of USD 33.3 million in Corporate Learning Solutions contributed to this growth," NIIT Ltd Chief Executive Officer Vijay K Thadani.
     
Net revenues of the company rose 6 percent to Rs 300.7 crore during the period under review, as against Rs 283.6 crore in the same period last fiscal.
     
Shares of NIIT Ltd were trading at Rs 57.50 on the Bombay Stock Exchange, up 1.32 percent from the previous close.

PTI

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