NIIT Q1 net profit up 0.76 per cent to Rs 321.2 cr

IT training services firm NIIT Ltd on Friday reported a growth of 0.76 per cent in consolidated net profit to Rs 321.2 crore for the quarter ended June, 2011.

The company had registered a net profit of Rs 13 crore in the same period of the previous fiscal, NIIT Ltd said in a statement.

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Revenues rose to Rs 321.2 crore in the first quarter of 2011, compared to Rs 278 crore in the corresponding year-ago period.

However, on a standalone basis, the company posted a net loss of Rs 10 crore for the April-June quarter, as against a profit of Rs 97 lakh in the same quarter of the previous fiscal.

Shares of NIIT Ltd were trading at Rs 56.55 on the BSE, down 2.67 per cent from their previous close.