 "NIIT gains post Q3 results")
NIIT has moved higher by 8% to Rs 82, bouncing back 14% from intra-day low of Rs 72 on the BSE in otherwise weak market after the company reported consolidated net profit at Rs 13.7 crore for the third quarter ended December 31, 2015 (Q3FY16).
The information technology (IT) training services provider had profit of Rs 1.8 crore in the same quarter year ago.
During the quarter, earnings before interest, tax and amortisation (EBITA) profit more than doubled at Rs 16.4 crore against Rs 5.7 crore in the corresponding quarter of previous fiscal, NIIT said in a statement.
Net revenues grew 6% at Rs 262 crore on YoY basis.
At 02:37 p.m. the stock was up 4.4% at Rs 79 on the BSE against 2.35% decline in the S&P BSE Sensex. The trading volumes on the counter rose over two-fold with a combined 7.5 million shares changed hands on the BSE and NSE so far.
The information technology (IT) training services provider had profit of Rs 1.8 crore in the same quarter year ago.
During the quarter, earnings before interest, tax and amortisation (EBITA) profit more than doubled at Rs 16.4 crore against Rs 5.7 crore in the corresponding quarter of previous fiscal, NIIT said in a statement.
Net revenues grew 6% at Rs 262 crore on YoY basis.
At 02:37 p.m. the stock was up 4.4% at Rs 79 on the BSE against 2.35% decline in the S&P BSE Sensex. The trading volumes on the counter rose over two-fold with a combined 7.5 million shares changed hands on the BSE and NSE so far.
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