NIIT Tech Q2 net up 5% at Rs 46 crore

Mumbai: IT company NIIT Technologies today posted 5.1 percent increase in consolidated net profit to Rs 45.8 crore for the quarter ended September 30, 2011. The company had reported a net profit of Rs 43.5 crore during the same quarter last year, NIIT Technologies said in a filing to the BSE.

The consolidated revenue of the company also increased to Rs 371.1 crore in the quarter from Rs 324.6 crore over the corresponding period last year.

"During the quarter the company secured $200 million of fresh order intake which includes order from seven new customers resulting in $232 million of executable order book over the next 12 months," it said. "Record order intake of USD 200 million will accelerate revenue growth," NIIT Technologies Chairman Rajendra S Pawar said.

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[caption id="attachment_110771" align="alignleft" width="380" caption="Net employee addition during the quarter were 468, taking the total headcount to 6,733 employees. Reuters"][/caption]

Net employee addition during the quarter were 468, taking the total headcount to 6,733 employees. Shares of the company were trading at Rs 228.50, down 1.02 percent from its last close on the BSE.

PTI