NIIT Q4 net up 53% at Rs 38 cr

NIIT posted its net profit for the fourth quarter ended at Rs 37.8 crore, up 53.04% from Rs 24.7 crore in the corresponding quarter a year ago.

Net sales for the quarter were up 9.83% at Rs 324 crore as compared to Rs 295 crore for the same quarter a year ago.

The company has also declared a dividend of 75% on the face value of Rs 2 each for the financial year 2010-2011, according to the Bombay Stock Exchange (BSE).

Post results, the shares of NIIT were trading up 5.17% at Rs 56.95 on the BSE.