NIIT Q3 net up 133% @ Rs 13 cr

Source: PTI

January 21, 2005 17:34 IST

NIIT Technologies on Friday reported a 133 per cent year-on-year increase in net profit at Rs 13.3 crore (Rs 133 million) in the third quarter of this fiscal.

The software company's consolidated revenues were up 12 per cent to Rs 141.2 crore (during October-December, 2004 against the previous Q3.

Its pending order book stood at $145 million. The company's operating margin improved by 530 basis points at 18 per cent for the third quarter.

The software company is building an additional 200-people software development centre in Delhi, while its BPO subsidiary is setting up an additional facility in Gurgaon.

With 133 per cent growth in net profit this quarter, "we have seen strong profit growth in all three quarters of this year," company chairman Rajendra Pawar said.