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CHINA EXPANSION: (From left) Mr P. Rajendran, COO, NIIT; Mr G. Raghavan, President , Individual Learning Business; Mr Rajendra S Pawar, Chairman; and Mr Vijay K. Thadani, CEO, at a press conference in the Capital on Friday. - Kamal Narang

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New Delhi Jan. 19 NIIT Ltd on Friday posted a profit-after tax (PAT) up 97 per cent at Rs 10.7 crore for the third quarter ended December 31, from Rs 5.5 crore recorded in the corresponding quarter last year. The company net revenues rose by 114 per cent at Rs 225.1 crore from Rs 105.3 crore in the corresponding quarter last year.

International revenues contributed 64 per cent of the global system-wide revenues and India contributed the rest. Revenues from China operations grew by 38 per cent year-on-year. "In China, we have grown due to our institutional tie- up with colleges and universities in China. At present, we have partnership with 33 universities and colleges and we are talking to many other colleges in the country," said Mr Rajendra Pawar, NIIT Chairman.

He also said that the strategic and inorganic initiatives had led to a 114 per cent growth in revenues and 97 per cent growth in profits

"The record revenue growth in the individual learning business was contributed by 45 per cent enrolment growth in programs for engineering and IT graduates' said Mr. Vijay K. Thadani, Chief Executive Officer..

During the quarter the company received a fresh order intake of $10.8 million in the corporate learning business. NIIT currently has an order of $39.7 million in the corporate services business of which 63 per cent would be executed in the next one year, said Mr Thadani.

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