NIIT Tech reports 22.5% rise in Q4 net profit at Rs 105.5 crore

IT company NIIT Technologies Ltd on Saturday reported a 22.5 per cent rise in consolidated net profit to Rs 105.5 crore for the fourth quarter ended March 31, 2019, driven by broad-based growth across verticals.

The company said it plans to invest Rs 70-80 crore as capex during FY2019-20.

The consolidated revenue grew 23.2 per cent year-on-year to Rs 972.2 crore for the company, where Baring PE recently announced plans to acquire a substantial stake.

The net profit at Rs 105.5 crore represents a growth of 22.5 per cent over Rs 86.1 crore notched in the year ago period, NIIT Tech said in a regulatory filing.