Categories AlphaGraphs, Earnings

NIIT Ltd Q2FY24; 57% rise in Profits

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 Q2FY24 of ₹81.00 Crores down from ₹94.00 Crore year on year, a fall of 13.83%.
  • Total Expenses for Q2FY24 of ₹84.00 Crores down from ₹96.00 Crores year on year, a fall of 12.5%.
  • Consolidated Net Profit of ₹11.00 Crores up 57.14% from ₹7.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.79, up 125.71% from ₹0.35 in the same quarter of the previous year.

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