NIIT Ltd Q2 profit surges 124.9% on-year to Rs 10.64 crore, revenue drops by 13.4%

NIIT Limited, a skills & talent development corporation, on Tuesday posted its second quarter results for FY24 with profit at Rs 10.64 crore, up 124.9 per cent in comparison to Rs 4.73 crore during the second quarter of FY23. It posted revenue from operations at Rs 81.41 crore, down 13.4 per cent as against Rs 94.04 crore during the same period last year. The company also declared an interim dividend of Rs 0.50 per equity share of face value of Rs 2 each fully paid-up for the financial year 2023-24. It posted Q2 EBITDA at Rs 2.20 crore.