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News Details

NIIT Q1 net profit down 59.98% at Rs 9.38 cr

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30/07/2021 13:40
The company reported standalone net profit of Rs 9.38 crore for the quarter ended June 30, 2021 as compared to Rs 23.44 crore in the same period last year, registering a year-on-year decline of 59.98 per cent.

Net revenue of the company rose moderately by 18.15 per cent at Rs 94.19 crore in April-June quarter of this fiscal as against Rs 79.72 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 22.70 per cent to Rs 93.66 crore from Rs 76.33 crore in year ago period.

Other Income dipped by 46.00 per cent at Rs 21.41 crore versus (Jun'20 Rs 39.65 crore).

Operating Profit slipped by 84.37 per cent to Rs 0.53 crore as against Rs 3.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 86.82 per cent in June quarter.

Interest declined by 79.41 per cent y-o-y to Rs 0.28 crore, while Taxation decreased by 34.35 per cent at Rs 4.09 crore (Jun'20 Rs 6.23 crore).