NIIT Q4 profit up 18% to Rs 23 crore, revenue rises 8% to Rs 240 crore

NIIT Ltd Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business.

The skills and talent development firm had posted a net profit of Rs 19.7 crore in the year-ago period.

Its revenue grew 8 per cent to Rs 239.7 crore in the quarter under review from Rs 222.8 crore in the year-ago period, NIIT said in a statement.

NIIT Ltd, which had announced selling its shares in NIIT Technologies in April this year, said the company received gross proceeds of Rs 2,020.4 crore in cash from the transaction.