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NIIT Technologies reports 13% rise in Q4 consolidated net profit

NIIT Technologies has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 75.62% in its net profit at Rs 63.40 crore for the quarter under review as compared to Rs 36.10 crore for the same quarter in the previous year. Total income of the company increased by 31.52% at Rs 558.30 crore for Q4FY19 as compared Rs 424.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 12.95% in its net profit at Rs 109.90 crore for the quarter under review as compared to Rs 97.30 crore for the same quarter in the previous year. Total income of the company increased by 21.89% at Rs 979.50 crore for Q4FY19 as compared Rs 803.60 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 32.18% in its net profit at Rs 299.00 crore as compared to Rs 226.20 crore for the previous year. Total income of the company increased by 22.24% at Rs 2,153.40 crore for year under review as compared to Rs 1,761.60 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 36.73% in its net profit at Rs 422.10 crore as compared to Rs 308.70 crore for the previous year. Total income of the company increased by 23.07% at Rs 3,729.70 crore for year under review as compared to Rs 3,030.50 crore for year ended March 31, 2018.

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