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This is an archive article published on January 18, 2011
NIIT Technologies Q3 PAT jumps 35.41%
NIIT Technologies reported a profit after tax of Rs 47.8 crore for the quarter ended December 31.
Mumbai | January 18, 2011 03:46 PM IST
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IT solutions provider NIIT Technologies reported a profit after tax (PAT) of Rs 47.8 crore for the quarter ended December 31,reflecting a growth of 35.41 per cent over the year-ago period.
The company had posted a PAT of Rs 35.3 crore in the October-December quarter last fiscal,NIIT said in a filing to the Bombay Stock Exchange.
Consolidated revenues of the company also swelled by 30.63 per cent to Rs 300.6 crore in the December quarter against Rs 230.1 crore in the corresponding quarter in 2009.
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Commenting on the third quarter results,NIIT Technologies Chairman Rajendra S Pawar said,”Our balanced revenue mix de-risks the business from uncertainties in any particular region”.
Shares of NIIT Technologies settled at Rs 209.60,up 2.04 per cent from previous close on the BSE.
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