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NIIT Technologies has reported a decline of 5.8 per cent in consolidated profit-after-tax of Rs 43.1 crore for the quarter ended September 30, 2012 due to appreciating rupee.
The company had posted a profit after tax of Rs 45.8 crore in the September quarter last year.
Revenues, however, grew to Rs 500.1 crore from Rs 371.1 crore, translating into a growth of 34.8 per cent.
“We are pleased to report yet another quarter of significant growth with international revenues growing sequentially by 8.9 per cent,” NIIT Technologies CEO Arvind Thakur told reporters here.
Thakur added that “operating profit grew even better than revenue. However, loss in other income due to the appreciating rupee at the end of the quarter resulted in a decline in net profit.’’
On a consolidated basis, the operating profit for the quarter ended September 30, 2012 stood at Rs 84.8 crore against Rs 55 crore, a growth of 54.2 per cent.
During the quarter, the company added three new clients. It has added 173 staff, taking the total headcount to 7,617.
Shares of the company were trading at Rs 279.55, down 1.17 per cent on the BSE in the afternoon trade.
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