NIIT drops after Q1 results

NIIT lost 1.14% to Rs 47.75 at 14:14 IST on BSE after the company reported consolidated net profit of Rs 0.60 crore in Q1 June 2014 as against net loss of Rs 9.40 crore in Q1 June 2013.

The Q1 result was announced during market hours today, 23 July 2014.

Meanwhile, the S&P BSE Sensex was up 27.52 points or 0.11% at 26,053.32.

On BSE, so far 1.22 lakh shares were traded in the counter as against average daily volume of 7.41 lakh shares in the past one quarter.

The stock hit a high of Rs 49.65 and a low of Rs 45.90 so far during the day. The stock had hit a 52-week low of Rs 14.90 on 31 July 2013. The stock had hit a 52-week high of Rs 65.60 on 13 June 2014.

The stock had underperformed the market over the past one month till 22 July 2014, sliding 14.44% as compared to the Sensex's 3.67% rise. The stock had, however, outperformed the market in the past one quarter, advancing 49.07% as compared to the Sensex's 14.36% rise.

The small-cap company has equity capital of Rs 33.03 crore. Face value per share is Rs 2.

NIIT's consolidated revenue rose 1.39% to Rs 225.30 crore in Q1 June 2014 over Q1 June 2013.

The company's EBITDA rose 23.07% to Rs 12.80 crore in Q1 June 2014 over Q1 June 2013. EBITDA margin inched up to 6% in Q1 June 2014, from 5% in Q1 June 2013.

NIIT's board of directors at its meeting held today, 23 July 2014, inter alia, constituted a Committee to examine the options of the rationalization of the subsidiary companies structure and make suitable recommendations to the board of the company.

NIIT, a leading global talent development corporation, offers learning and knowledge solutions across 40 countries.

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