 "NIIT Technologies hits lifetime high on robust Q2 results")
Shares of NIIT Technologies has rallied 14% to Rs 560, extending its 7% gain on the BSE, after reported a strong 70% year-on-year (yoy) jump in net profit at Rs 68.2 crore for the quarter ended September 30, 2015 (Q2) on the back of strong growth in all international geographies. The company had posted a net profit of Rs 40.1 crore for the corresponding period last year.
The consolidated revenues rose by 15% to Rs 678 crore for the reported period as compared to Rs 588 crore in the same quarter last year, NIIT Technologies said in a statement.
Order intake during the quarter was $ 80 million resulting in $ 300 million of order book executable over the next 12 months, it added.
“Growth in all international geographies and industry segments of focus resulted in 8% sequential growth in international business” said Mr. Arvind Thakur, CEO and Joint MD, NIIT Technologies. “Improved international revenue mix contributed to expansion in margins”, he added.
The stock hit a lifetime high of Rs 572 on the BSE. The trading volumes on the counter more than doubled with a combined 2.04 million shares changed hands on the BSE and NSE till 0322 pm.
The consolidated revenues rose by 15% to Rs 678 crore for the reported period as compared to Rs 588 crore in the same quarter last year, NIIT Technologies said in a statement.
Order intake during the quarter was $ 80 million resulting in $ 300 million of order book executable over the next 12 months, it added.
“Growth in all international geographies and industry segments of focus resulted in 8% sequential growth in international business” said Mr. Arvind Thakur, CEO and Joint MD, NIIT Technologies. “Improved international revenue mix contributed to expansion in margins”, he added.
The stock hit a lifetime high of Rs 572 on the BSE. The trading volumes on the counter more than doubled with a combined 2.04 million shares changed hands on the BSE and NSE till 0322 pm.
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