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NIIT Technologies gains despite reporting 0.64% decline in Q2 net profit

16 Oct 2012 Evaluate

NIIT Technologies is currently trading at Rs. 284.45, up by 1.60 points or 0.57 % from its previous closing of Rs. 282.85 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 292.00 and Rs. 277.00 respectively. So far 189903 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.80 on 13-Sep-2012 and a 52 week low of Rs. 166.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 292.00 and Rs. 276.50 respectively. The current market cap of the company is Rs. 1715.40 crore.

The promoters holding in the company stood at 38.85% while Institutions and Non-Institutions held 36.64% and 24.50% respectively.

NIIT Technologies has reported results for second quarter ended September 30, 2012.

On Standalone basis, the company has posted a marginal fall of 0.64% in its net profit at Rs 27.92 crore for the quarter ended September 30, 2012 as compared to Rs 28.10 crore for the same quarter in the previous year. However, total income has increased by 34.33% at Rs 256.40 crore for quarter under review as compared to Rs 190.87 crore for the quarter ended September 30, 2011.

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in application development and maintenance, managed services, IP Asset or platform solutions, and business process outsourcing to organizations in the financial services, travel & transportation, manufacturing/distribution, healthcare and government sectors.

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