MENU

Published on 29/01/2020 5:12:52 PM | Source: Dion Global Solutions Ltd

NIIT Technologies Q3 net profit zooms 185.02% at Rs 135.10 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 135.10 crore for the quarter ended December 31, 2019 as compared to Rs 47.40 crore in the same period last year, registering a year-on-year growth of 185.02 per cent.

Net revenue of the company rose moderately by 13.27 per cent at Rs 590.60 crore in October-December quarter of this fiscal as against Rs 521.40 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 10.80 per cent to Rs 490.20 crore from Rs 442.40 crore in year ago period. Other Income grew by 1331.58 per cent at Rs 81.60 crore versus (Dec'18 Rs 5.70 crore).

Operating Profit surged by 27.09 per cent to Rs 100.40 crore as against Rs 79.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.21 per cent in December quarter. Interest grew by 14.29 per cent y-o-y to Rs 1.60 crore, while Taxation increased by 32.34 per cent at Rs 22.10 crore (Dec'18 Rs 16.70 crore).