NIIT spurts after strong Q4 results

NIIT rose 6.74% to Rs 90.30 at 14:17 IST on BSE after consolidated net profit rose 70% to Rs 30.20 crore on 51% increase in net revenue to Rs 361.50 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during trading hours today, 17 May 2017.

Meanwhile, the S&P BSE Sensex was up 92.33 points, or 0.30% to 30,674.93.

On the BSE, 10.27 lakh shares were traded in the counter so far, compared with average daily volumes of 2.32 lakh shares in the past one quarter. The stock had hit a high of Rs 94 and a low of Rs 84.30 so far during the day. The stock hit a 52-week high of Rs 107.80 on 20 September 2016. The stock hit a 52-week low of Rs 67 on 9 November 2016.

The stock had outperformed the market over the past one month till 16 May 2017, rising 5.88% compared with 3.97% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.71% as against Sensex's 8.62% rise.

The small-cap company has equity capital of Rs 33.17 crore. Face value per share is Rs 2.

NIIT's consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 30% to Rs 17.20 crore in Q4 March 2017 over Q4 March 2016.

On a consolidated basis, NIIT's net profit fell 3% to Rs 65.10 crore on 18% increase in net revenue to Rs 1187.70 crore in the year ended March 2017 over the year ended March 2016.

Consolidated EBITDA rose 7% to Rs 76 crore in the year ended March 2017 over the year ended March 2016.

NIIT is a leading skills and talent development corporation that is building a manpower pool for global industry requirements.

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