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

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