The Hindu Business Line : NIIT net profit rises 21% in Q1

FUELLED by an improvement in business volumes and operating efficiencies across all segments, NIIT Ltd has reported a 21 per cent rise in its consolidated net profit for the first quarter ended June 30 at Rs 13.1 crore, against Rs 10.9 crore in the corresponding period previous year.

During the period, the company's global system-wide revenues grew 12 per cent to Rs 169.5 crore, against Rs 152 crore clocked in the quarter ended June 2004.

The consolidated net revenues of NIIT and its subsidiaries shot up 10 per cent year-on-year to touch Rs 106.4 crore. Of the global revenues of Rs 169.5 crore, NIIT's overseas operations contributed 53 per cent with India making up the remaining 47 per cent.

While the individual learning segment contributed 52 per cent to the overall revenues, the corporate and institutional segments accounted for 29 per cent and 19 per cent, respectively.

Amongst the international geographies, China grew the fastest, recording 40 per cent year-on-year growth for NIIT which offers IT programs in 25 provinces in the country.

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