NIIT Q4 net profit zooms 522.25% at Rs 70.75 cr
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The company reported standalone net profit of Rs 70.75 crore for the quarter ended March 31, 2022 as compared to Rs 11.37 crore in the same period last year, registering a year-on-year growth of 522.25 per cent. Net revenue of the company rose moderately by 8.96 per cent at Rs 118.64 crore in January-March quarter of this fiscal as against Rs 108.88 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 17.16 per cent to Rs 119.44 crore from Rs 101.95 crore in year ago period.
Other Income grew by 224.30 per cent at Rs 60.19 crore versus (Mar'21 Rs 18.56 crore). Operating Profit slipped by 111.54 per cent to Rs -0.80 crore as against Rs 6.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.52 per cent in March quarter. Interest declined by 51.16 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 323.36 per cent at Rs -19.39 crore (Mar'21 Rs -4.58 crore).
