NIIT Technologies surges on reporting 82.77% rise in Q1 net profit

17 Jul 2013

NIIT Technologies is currently trading at Rs 265.00, up by 3.90 points or 1.49% from its previous closing of Rs 261.10 on the BSE.

The scrip opened at Rs 262.05 and has touched a high and low of Rs 267.15 and Rs 262.05 respectively. So far 2847 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 240.00 on 21-Dec-2012.

Last one week high and low of the scrip stood at Rs 272.60 and Rs 254.80 respectively. The current market cap of the company is Rs 1599.37 crore.

The promoters holding in the company stood at 31.29% while Institutions and Non-Institutions held 47.31% and 21.40% respectively.

NIIT Technologies has reported results for first quarter ended June 30, 2013.

The company has reported 82.77% rise in its net profit at Rs 81.13 crore for the quarter as compared to Rs 44.39 crore for the same quarter in the previous year. Total income from operation of the company has increased by 33.07% at Rs 324.27 crore for quarter under review as compared to Rs 243.68 crore for the quarter ended June 30, 2012

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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