NIIT shares zoom 11.5% as Q1 net profit surges

By: | Published: July 17, 2015 7:48 PM

Shares of skills and talent development firm NIIT today zoomed 11.5 per cent after the company posted multi-fold growth in net profit at Rs 15 crore for the quarter ended June 15, 2015.

Shares of skills and talent development firm NIIT today zoomed 11.5 per cent after the company posted multi-fold growth in net profit at Rs 15 crore for the quarter ended June 15, 2015.

The stock surged 11.23 per cent to settle at Rs 57.95 on the BSE. In intra-day, shares of the company gained 16.89 per cent to Rs 60.90 — its 52-week high.

At the NSE, the scrip advanced by 11.5 per cent to Rs 58.15 at close.

NIIT today posted growth in net profit at Rs 15 crore for the quarter ended June 15, 2015 on strong growth in its corporate learning segment and transformation of skills and careers business.

It had a net profit of Rs 0.6 crore in the April-June quarter of the last fiscal.

The company’s revenues rose 4 per cent to Rs 225.3 crore for the first quarter of 2015-16, from Rs 233.2 crore in the year-ago period.

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