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NIIT Tech reports 21% drop in net profit to Rs 80 cr for June quarter

The IT company had reported a net profit of Rs 100.6 crore in April-June period of the last financial year, NIIT Technologies said in a statement

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Its revenue increased 9.8 per cent to Rs 1,057 crore in the quarter under review as compared with Rs 962.7 crore in the year-ago period.

Press Trust of India

2 min read Last Updated : Jul 28 2020 | 8:40 PM IST

NIIT Technologies on Tuesday posted 20.6 per cent decline in net profit at Rs 79.9 crore for June quarter 2020-21.

The IT company had reported a net profit of Rs 100.6 crore in April-June period of the last financial year, NIIT Technologies said in a statement.

Its revenue increased 9.8 per cent to Rs 1,057 crore in the quarter under review as compared with Rs 962.7 crore in the year-ago period.

"Revenues grew 9.8 per cent year-on-year and declined by 4.7 per cent quarter-on-quarter, due to a sharp decline in the Travel and Transport vertical," the company said.

Excluding the

Topics : NIIT Technologies Q1 results

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