NIIT’s net profit down 30% to Rs 7.8 crore

Skills and talent development firm, NIIT on Friday reported net profit of Rs 7.8 crore during the April-June quarter, a decline of 30% compared to the preceding quarter. Revenues during the period was up 11% on quarter-on-quarter basis to Rs 82.5 crore.

“This progress stems from growth in the BFSI sector and Indian enterprises and our increased penetration across GCCs and Tier II GSIs,” said Vijay K Thadani, vice chairman & managing director.