Noida-based NIIT Technologies Ltd on Friday reported a consolidated net profit of ₹68.2 crore for the second quarter ended September 30, up 70 per cent compared with ₹40 crore in the corresponding period last year.
Revenues of the company also grew 15 per cent during the July-September quarter this year to ₹678 crore from ₹588 crore in the same quarter last year.
“Growth in all international geographies and industry segments of focus resulted in eight per cent sequential growth in international business. Improved international revenue mix contributed to expansion in margins,” Arvind Thakur, Chief Executive Officer and Joint Managing Director, NIIT Technologies, said.
Operating profit of the company rose 45 per cent to ₹119 crore during the quarter from ₹82 crore in the corresponding quarter last year.
Business in the US grew 6.2 per cent sequentially contributing to 46 per cent of overall revenues during the quarter. Europe, West Asia and Africa markets grew 5.8 per cent contributing to 35 per cent of the mix, and the revenue share from Asia-Pacific and India stood at 10 per cent and nine per cent respectively, the company said.
Among industry segments, BFSI grew 8.3 per cent sequentially due to growth in insurance business in markets like the US and the UK.
BFSI now contributes to 37 per cent of total revenues, travel and transportation grew 6.6 per cent also contributing to 37 per cent of revenue mix, manufacturing/distribution contributed to eight per cent, while the share of domestic government business reduced to three per cent of the revenue mix, it said.
Order intake during the quarter was $80 million resulting in $300-million of order book executable over the next 12 months, the company added.
NIIT Technologies added 364 people during the quarter, taking the headcount to 9,592.
The company shares surged 7.31 per cent to Rs 493.05 on the BSE.