NIIT has reported results for fourth quarter and year ended March 31, 2017.
The company has reported a fall of 49.33% in its net profit after tax, minority interest and share of profit of associates at Rs 6.82 crore for the quarter ended March 31, 2017 as compared to Rs 13.46 crore for the same quarter in the previous year. Total income of the company decreased by 10.42% at Rs 104.61 crore for quarter under review as compared to Rs 116.78 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the company has posted net loss at Rs 5.07 crore as compared to net profit of Rs 0.11 crore in FY16. Total income of the company decreased by 3.09% at Rs 408.82 crore for year under review as compared to Rs 421.87 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 3.12% in its net profit at Rs 65.14 crore as compared to Rs 67.24 crore in the previous year. However, total income of the company increased by 18.30% at Rs 1200.12 crore for year under review as compared to Rs 1014.49 crore for the year ended March 31, 2016.
