NIIT Tech Q1 net up 36% at Rs 59 cr

Consolidated revenue up 11 to Rs 641 cr; 9% sequential growth in intercontinental markets helps maintain op margin despite wage hikes

 

IT firm NIIT Technologies today reported 35.5 per cent increase in net profit at Rs 58.5 crore in the April-June quarter of 2015.

The company had reported a net profit of Rs 43.2 crore in the corresponding period a year ago.

Its consolidated revenue grew 11 per cent to Rs 641.1 crore in the quarter under review from Rs 577.6 crore in the same period last fiscal.

"The quarter witnessed 8.9 per cent sequential growth in intercontinental geographies which helped maintain operating margin despite wage hikes," NIIT Technologies CEO and Joint MD Arvind Thakur said.

The company's shares were trading at Rs 442.50 apiece in the afternoon trade, up 6.04 per cent from its previous close on the BSE.