Categories AlphaGraphs, Other Industries

NIIT Ltd Q1FY24; 33% fall in Revenue

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.

Financial Results:

NIIT Ltd reported Revenues for Q1FY24 of ₹62.55 Crores down from ₹93.97 Crore year on year, a fall of 33.44%.

Total Expenses for Q1FY24 of ₹74.78 Crores down from ₹100.36 Crores year on year, a fall of 25.49%.

Consolidated Net Profit of ₹2.43 Crores from -₹4.56 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.16, from -₹0.48 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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