Financial Daily from THE HINDU group of publications
Saturday, Oct 29, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate Results - Software
Info-Tech - Financial Performance


NIIT Tech Q2 net marginally down

Our Bureau

New Delhi , Oct. 28

NIIT Technologies Ltd has reported 2.5 per cent drop in net profit in the second quarter ended September 2005 to Rs 15.1 crore compared to Rs 15.5 crore clocked during the corresponding period previous year.

During the quarter, revenues jumped 7.6 per cent to Rs 147.5 crore from Rs 137 crore in the year-ago period. The operating margin stands at 18 per cent.

Of the overall revenues of Rs 147.5 crore, about 44 per cent was contributed by Europe, 38 per cent by the Americas and 18 per cent by Asia-Pacific, including India. The IT solutions business contributed Rs 137.4 crore to the revenues while BPO accounted for the remaining Rs 10.1 crore.

"In addition to achieving revenues and profit growth of eight per cent quarter-on-quarter, the company bagged fresh orders of $34 million," Mr Arvind Thakur, CEO of NIIT Technologies, said.

The company added six new customers during the July-September quarter, which helped take the pending order book executable over the next 12 months to $78 million.

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



Tata Safari Dicor

Stories in this Section
L&T net profit drops 67 pc in Q2 — Slump due to one-time gain in previous year


ITC Q2 net up 17.3% at Rs 572 crore
DCM Shriram Consolidated Q2 net up 45.6 pc
BHEL Q2 net up 64.5 pc at Rs 260.2 cr
Rashtriya Chemicals posts 12 pc profit
Nagarjuna Fertilisers Q2 net up
Under-recoveries strike oil PSUs again in Q2 — IOC net dips 23 pc to Rs 950 cr
BPCL net loss at Rs 20 crore
Indraprastha Gas net rises 28.7 pc
Gujarat Gas net rises 23 pc to Rs 24 cr
GSK net up 79% at Rs 309 cr
Alembic net rises 36 pc to Rs 26.68 cr
Sterling Biotech Q3 net up 58 pc at Rs 28.6 cr
Ajanta Pharma nets 19.85 pc profit
Torrent Pharma Q2 net up
Sun Pharma Q2 net up 49.3 pc at Rs 113.5 cr
Strides Arcolab Q3 net rises 92.38 pc
Finolex Ind Q2 net profit falls to Rs 9.57 cr
VIP Industries Q2 net up at Rs 82 lakh
Mercator Q2 net leaps to Rs 35.3 cr
PSL Q2 net up 8.5 pc at Rs 7.96 cr
Tata Tea PAT up 17 pc at Rs 62 cr
Arvind Mills Q2 net up 84 pc at Rs 37 crore
Nahar Indl Q2 net jumps 94.69 pc at Rs 15.07 cr
UB posts Rs 4.06-cr net profit in Q2
Gillette net up 24 pc
Colgate Palmolive Q2 net up 15 pc at Rs 30.9 cr
Balaji Telefilms Q2 net up 50 pc at Rs 17.02 cr
UTV Software posts Rs 4.7 cr profit in Q2
Maruti profit soars 43 pc in Q2
Amara Raja announces Rs 11.60-cr expansion — Q2 net profit up 21 pc
Sasken Q2 net up 78 pc
NIIT Tech Q2 net marginally down
Investments impact i-flex net in Q2
Nalco H1 net up 13.96 pc
Sundaram Finance net up 52 pc in Q2
Goodlass Nerolac Q2 net up 4.5 pc at Rs 30.56 cr
Bank of India Q2 net up 167 pc on higher income
United Bank seeks to adjust losses against capital
Higher lending offsets hit from Treasury operations
Bank of Baroda Q2 net rises 21 pc



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

Copyright 2005, 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