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NIIT reports 21% fall in Q2 consolidated net profit

28 Oct 2022 Evaluate

NIIT has reported results for second quarter ended September 30, 2022.

The company has reported fall of 64.46% in its net profit at Rs 18.21 crore for Q2FY23 as compared to Rs 51.24 crore for the corresponding quarter previous year. Total income of the company decreased by 3.45% to Rs 160.29 crore for the quarter under review as compared to Rs 166.01 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 20.56% in its net profit at Rs 41.51 crore for the quarter under review as compared to Rs 52.25 crore for the same quarter in the previous year. However, total income of the company increased by 23.05% to 406.92 crore for the quarter under review as compared to Rs 330.70 crore for the same quarter in the previous year.

Peers
Company Name CMP
NIIT Learning System 223.60
Aptech 87.90
NIIT 87.30
Excelsoft Tech. 79.48
Compucom Software 12.83
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