IT learning solutions provider NIIT Ltd today posted a profit after tax of Rs 29.70 crore for the second quarter ended September 30, a 41 per cent growth over the corresponding period a year ago.
The firm had a PAT of Rs 21.10 crore in the second quarter of FY08, NIIT Ltd said in a filing to the Bombay Stock Exchange.
The net revenue rose by 15 per cent to Rs 309.50 crore in the quarter under review, from Rs 270.20 crore in the same period last fiscal.
"New initiatives and products contributed to a robust growth of 17 per cent in global system-wide revenue," NIIT Ltd CEO Vijay K Thadani said.
On a standalone basis NIIT Ltd reported a net profit of Rs 21.25 crore for the September quarter, while its net sales stood at Rs 152.78 crore.
Shares of NIIT Ltd were trading at Rs 33.60, up 10.89 per cent in the late afternoon trade on the BSE.
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