IT company NIIT Ltd today said its consolidated net profit grew by 40 per cent to Rs 24.7 crore for the quarter ended March 31, 2010.
The net revenue of the company fell to Rs 295 crore for the quarter ended March 31, from Rs 300.8 crore over the same quarter a year-ago, NIIT said in a filing to the Bombay Stock Exchange (BSE).
"We had a strong quarter with 40 per cent growth in PAT, in a challenging environment," NIIT Chief Executive Officer Vijay K Thadani said.
The board of directors have proposed a dividend of Rs 1.40 per equity share, or 70 per cent, to the shareholders of the company.
For the year ended March 31, 2010, the company reported a consolidated net profit at Rs 70.2 crore, up 1 per cent over the same period last year.
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