NIIT Technologies shines on adding 4 new clients in Q3FY14

16 Jan 2014

NIIT Technologies is currently trading at Rs. 377.00, up by 0.80 points or 0.21% from its previous closing of Rs. 376.20 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 380.45 and Rs. 372.30 respectively. So far 7,532 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 399.00 on 14-Jan-2014 and a 52 week low of Rs. 234.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 399.00 and Rs. 353.25 respectively. The current market cap of the company is Rs. 2,285.00 crore.

The promoters holding in the company stood at 31.08% while Institutions and Non-Institutions held 49.69% and 19.22% respectively.

NIIT Technologies added four new clients during the third quarter, one each in BFSI, Travel & Transportation, Manufacturing and Government segment. In total fresh orders of $377 million were secured during the quarter leading to an order book executable over 12 months of $265 million. The total headcount stood at 8,160 at the end of the quarter under review.

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.

The company has reported 19.56% fall in its net profit at Rs 39.62 crore for third quarter ended December 31, 2013 as compared to Rs 49.26 crore for the same quarter in the previous year. However, total income of the company has increased by 14.87% at Rs 328.35 crore for quarter under review as compared to Rs 286.55 crore for the quarter ended December 31, 2012. 

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