ALSO READNIIT net profit dips 10% to Rs 62 cr NIIT-led consortium bags 5-year deal worth Rs 750 cr from Canada's RECO Buy NIIT Tech, ONGC, and sell ACC, Kotak: Chandan Taparia of Anand Rathi Earnings need to pick up for market rally to sustain: Harshad Patwardhan Demonetisation dampens ad growth at Zee Entertainment in Q4FY17
NIIT Ltd on Wednesday posted a 70 per cent jump in consolidated net profit at Rs 30.2 crore for the fourth quarter ended March, riding on the back of new contracts.
Net revenue of the training and skills development company rose 51 per cent to Rs 361.5 crore in January-March of 2016-17 compared to the year-ago period.
The company's revenue from corporate learning group grew 90 per cent to Rs 257.8 crore and saw an addition of two new managed training services or MTS customers.
"We added two new MTS clients this quarter, renewed one existing contract and received letter of intent for three more global clients," NIIT CEO-designate Sapnesh Lalla said in a statement.