NIIT Technologies jumps on reporting over 2-fold rise in Q4 net profit

08 May 2017

NIIT Technologies is currently trading at Rs. 495.30, up by 24.65 points or 5.24 % from its previous closing of Rs. 470.65 on the BSE.

The scrip opened at Rs. 489.50 and has touched a high and low of Rs. 505.60 and Rs. 476.35 respectively. So far 123997 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 587.60 on 15-Jun-2016 and a 52 week low of Rs. 370.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 505.60 and Rs. 455.00 respectively. The current market cap of the company is Rs. 2953.67 crore.

The promoters holding in the company stood at 30.72%, while Institutions and Non-Institutions held 52.35% and 16.93% respectively.

NIIT Technologies 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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