Coforge Ltd.

NIIT Technologies has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported a net loss of Rs 8.73 crore for the quarter ended March 31, 2019 against net profit of Rs 4.29 crore for the same quarter in the previous year. However, total income of the company increased by 7.28% at Rs 118.60 crore for quarter under review as compared to Rs 110.55 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 15.54% in its net profit at Rs 23.12 crore for the quarter ended March 31, 2019 as compared to Rs 20.01 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 8.39% at Rs 242.77 crore for quarter under review as compared to Rs 223.97 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted over 3-fold jump in its net profit at Rs 16.37 crore as compared to Rs 5.15 crore for the previous year. Total income of company marginally increased 4.16% at Rs 430.16 crore for year under review as compared to Rs 412.99 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 36.92% in its net profit at Rs 87.19 crore as compared to Rs 63.68 crore for the previous year. Total income of company increased by 6.79% at Rs 917.43 crore for year under review as compared to Rs 859.09 crore for year ended March 31, 2018.