Info-tech

NIIT Q1 profit at ₹60 lakh

Our Bureau New Delhi | Updated on November 25, 2017

NIIT Ltd on Wednesday announced a consolidated net profit of ₹0.6 crore in the first quarter of this fiscal as against a loss of ₹9.4 crore in the corresponding quarter last fiscal.

Net revenue for the first quarter of this fiscal stood at ₹225.3 crore, just 1.39 per cent higher compared with ₹222.2 crore in the same period last fiscal.

Corporate Learning Solutions recorded net revenue of ₹111.3 crore during the quarter, while Career Building Solutions recorded net revenue of ₹72.6 crore, the company said in a statement. Also, School Learning Solutions registered net revenue of ₹39.4 crore during the quarter, adding 129 private schools to its portfolio.

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Published on July 23, 2014
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