Financial Daily from THE HINDU group of publications
Wednesday, Jul 28, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate Results - Software
Info-Tech - Financial Performance


NIIT net profit rises 12-fold

Our Bureau

New Delhi , July 27

DRIVEN by growth in enrolments and higher international revenues, NIIT Ltd on Tuesday reported a 12-fold increase in its net profit for the quarter ended June, 2004 at Rs 7.5 crore compared to Rs 0.6 crore in the same period previous year.

Its global system-wide revenues rose 10 per cent during the period in reference, to Rs 152 crore over the year-ago period.

The net revenue from the learning business also grew 10 per cent to Rs 96.8 crore during the first quarter ended June, 2004, compared to Rs 88.4 crore notched in the corresponding period previous year, Mr Vijay Thadani, CEO, NIIT, said at a news conference here.

"While the net profit of Rs 7.5 crore is a direct impact of the learning business, there is also benefit of our 25 per cent holding in NIIT Technologies Ltd, which takes this figure to Rs 10.9 crore," he said.

More Stories on : Software | Financial Performance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Reliance Industries Q1 net rises 30 pc


DSCL Q1 PAT up at Rs 14.7 cr
Jet Airways posts 12-14 pc growth in traffic
Kesoram Ind to hike cement capacity
Visaka Industries net up at Rs 2.7 crore
Kennametal Widia back in black; posts Rs 24.8-cr net
Ingersoll Q1 net down 36 pc
Dr Reddy's Q1 net falls 78 pc to Rs 17.3 crore
Jubilant net up at Rs 28.2 cr; net sales up 46 pc
Jisco Q1 net profit doubles
Jindal Vijayanagar Q1 net profit up at Rs 54.89 crore
Indian Rayon Q1 net declines 3.2 pc
Bharat Forge nets Rs 34 crore
NIIT net profit rises 12-fold
Hughes Soft net up 63% in Q1; eyes buys
Hexaware net surges; launches BPO arm
Hinduja TMT Q1 net up 10 pc
Tata Infotech net at Rs 13 cr
Infotech Enterprises profit up 132%
Patni Computer Q2 income up at Rs 61.8 cr
Kale Consultants net falls 37 pc
Dewan Housing Q1 net up 23 pc
SBI first quarter net up 17.55 pc
BoB net profit up 20 pc in Q1
Marginal drop in SBI income in Q1
Vijaya Bank net rises 20 pc; provisioning up



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line