NIIT Technologies reports over 2-fold jump in Q4 net profit

05 May 2017

NIIT Technologies has reported results for fourth quarter and year ended March 31, 2017.  

The company has reported over 2-fold jump in its net profit at Rs 86.56 crore for the quarter ended March 31, 2017 as compared to Rs 30.32 crore for the same quarter in the previous year. Total income from operations of the company increased by 25.66% at Rs 458.50 crore for quarter under review as compared to Rs 364.86 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a fall of 13.96% in its net profit at Rs 164.90 crore as compared to Rs 191.65 crore in FY16. However, total income from operations of the company increased by 7.47% at Rs 1595.15 crore for year under review as compared to Rs 1484.22 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 5.17% in its net profit at Rs 272.11 crore as compared to Rs 286.94 crore in the previous year. However, total income from operations of the company increased by 4.25% at Rs 2802.09 crore for year under review as compared to Rs 2687.94 crore for the year ended March 31, 2016.

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