NIIT posts Rs.17.8 crore net profit in Q4

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New Delhi, May 10 (IANS) Skills and talent development company NIIT on Tuesday said it posted a consolidated net profit of Rs.17.8 crore for the fourth quarter of 2015-16 as against a net loss of Rs.151.2 crore for the same quarter in 2014-15.

During the quarter, the company recorded a net revenue of Rs. 238.9 crore, up 7 percent over the same period last year.

“Over the year, each quarter, we have delivered steadily accelerating top line YoY growth. Further, the revenue from all NIIT Go-Forward businesses, which excludes geographies and businesses that we had defocused and exited, grew by a robust 11 percent during the year, thus indicating strong demand and an healthy growth momentum for our focused strategy,” said CEO Rahul Patwardhan in a statement.

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