IT company NIIT Technologies on Wednesday reported a 66.29 per cent jump in its consolidated profit at Rs 123.3 crore for the third quarter ended December 31, 2019.
The company had posted a profit of Rs 100.2 crore in the corresponding quarter a year ago.
The revenue from operations of NIIT Technologies increased by 11.8 per cent to Rs 1,088.2 crore during the reported quarter, from Rs 973.3 crore in the corresponding quarter of 2018-19, the company said in a regulatory filing.
America, which contributes the biggest chunk of the company's revenue, grew by around 10 per cent, while European business grew by about 23 per cent.
The company recorded the highest growth in profit before tax in the American region followed by Europe.
However, the operational profit of the company declined in India and Asia Pacific region.
The company declared a dividend of Rs 10 per equity share.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app