NIIT Technologies Q1 net profit up 6% to Rs 89 cr in June quarter

IT firm NIIT Technologies Ltd (NTL) on Tuesday said its consolidated net profit increased 6 per cent to Rs 89 crore in the quarter ended June 30, 2019.

The net profit, which excludes the contribution of NTL’s GIS business, stood at Rs 84 crore in April-June 2018 quarter, NTL said in a regulatory filing.

Gross revenue rose 19.9 per cent to Rs 959.7 crore in the quarter under review from Rs 800.5 crore in the year-ago period.

In April, NTL had agreed to sell its 88.99 per cent stake in Esri India Technologies Ltd to Environmental Systems Research Institute, Inc (Esri, Inc) for Rs 89.7 crore.