NIIT Tech Q4 net up 57%

NIIT Technologies on Wednesday posted a 57 per cent rise in net profit for the fourth quarter ended March 31, at Rs 41.3 crore, due to lower incidence of taxation and depreciation. Net profit was Rs 26.3 crore in the corresponding quarter a year earlier.

Consolidated revenues at Rs 239.2 crore were up five per cent from the Rs 227 crore posted in the corresponding quarter a year earlier.