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News Details

( As on 04/06/2021 15:20)

NIIT posts Q4 net profit of Rs 11.37 cr

The company reported standalone net profit during the quarter stood at Rs 11.37 crore compared to net loss of Rs 38.59 crore in the previous year quarter.

Net revenue of the company rose moderately by 19.49 per cent at Rs 108.88 crore in January-March quarter of this fiscal as against Rs 91.12 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 19.25 per cent to Rs 101.95 crore from Rs 85.49 crore in year ago period.

Other Income dipped by 47.29 per cent at Rs 18.56 crore versus (Mar'20 Rs 35.21 crore).

Operating Profit surged by 23.09 per cent to Rs 6.93 crore as against Rs 5.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.07 per cent in March quarter.

Interest declined by 73.78 per cent y-o-y to Rs 0.43 crore, while Taxation decreased by 55.83 per cent at Rs -4.58 crore (Mar'20 Rs -10.37 crore).