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This is an archive article published on January 20, 2012

NIIT Q3 net profit at Rs 40.75 cr

Shares of NIIT Ltd were trading at Rs 43.80 on the BSE,up 2.46 from the previous days close.

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IT training company NIIT today reported a net profit of Rs 40.75 crore for the third quarter ended December 31,2011.

8220;The figures are not comparable as the company has divested its US-based subsidiary element K,8221; NIIT said in a statement.

Net revenues rose to Rs 239 crore during the quarter under review,up 15 per cent from Rs 207.9 crore the same year-ago period.

8220;The acquisition of two global clients for delivering multi year multi million dollar managed training services growth enrollment,both for the short-term technology diploma programmes and finance and banking courses,reflected the strong acceptance of the NIIT brand in these challenging times,8221; NIIT Ltd CEO Vijay K Thadani said.

Shares of NIIT Ltd were trading at Rs 43.80 on the BSE,up 2.46 per cent from the previous days close.

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