NIIT Tech shares soar over 7% as net profit jumps

Shares of IT solutions provider NIIT Technologies surged over 7 per cent today after the company reported 70.3 per cent jump in net profit for the quarter ended September 30.
The stock climbed 7.31 per cent to settle at Rs 493.05 on BSE. During the day, it surged 10.4 per cent to Rs 507.25.
At NSE, shares of the company advanced by 7.31 per cent to end at Rs 493.60.
NIIT Technologies today reported 70.3 per cent jump in net profit at Rs 68.2 crore for the quarter ended September 30 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 firm's consolidated revenues rose by 15.2 cent to Rs 677.9 crore for the reported period as compared to Rs 588.3 crore in the same quarter last year.
NIIT said order intake during the quarter was USD 80 million, resulting in USD 300 million of order book executable over the next 12 months.