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NIIT Technologies advances on reporting 66% rise in Q2 consolidated net profit

17 Oct 2018 Evaluate

NIIT Technologies is currently trading at Rs. 1192.55, up by 52.40 points or 4.60% from its previous closing of Rs. 1140.15 on the BSE.

The scrip opened at Rs. 1160.00 and has touched a high and low of Rs. 1215.00 and Rs. 1123.00 respectively. So far 289664 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1425.00 on 03-Sep-2018 and a 52 week low of Rs. 604.80 on 24-Oct-2017.

Last one week high and low of the scrip stood at Rs. 1215.00 and Rs. 1038.00 respectively. The current market cap of the company is Rs. 7294.80 crore.

The promoters holding in the company stood at 30.65%, while Institutions and Non-Institutions held 56.17% and 13.18% respectively.

The company has reported a rise of 15.32% in its net profit of Rs 52.70 crore for second quarter ended September 30, 2018 as compared to Rs 45.70 crore for the same quarter in the previous year. Total income of the company increased by 17.60% at Rs 510.60 crore for Q2FY19 as compared Rs 434.20 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 66.37% in its net profit of Rs 111.80 crore for the quarter under review as compared to Rs 67.20 crore for the same quarter in the previous year. Total income of the company increased by 24.77% at Rs 930.00 crore for Q2FY19 as compared Rs 745.40 crore for the corresponding quarter previous year.

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