Thursday, May 24, 2007
NIIT Tech Reports Rs 45.9Cr Net Profit
New Delhi: NIIT Technologies on May 23s, registered a net profit of Rs 45.9 crore for the quarter ended March 31, 2007 as compared to Rs 19.2 crore, for the corresponding quarter of the previous year. The company''s revenues increased by 47 per cent to Rs 243.5 crore (Rs 166.2 crore). They also increased the head count by 249 people taking it to total of 4,448. The IT solutions business contributed Rs 228.3 crore and Business Process Management the remaining Rs 15.2 crore. The operating profit rose to 53.4 per cent (33.2 per cent), an increase of 61 per cent. For the year ended March 31, 2007, the company reported a 95 per cent growth in net profit to Rs 129.2 crore (Rs 66.3 crore). Consolidated revenues stood at Rs 885.9 crore (Rs 607.5 crore), up by 46 per cent.
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