NIIT net profit up by 84%. - Views on News from Equitymaster

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NIIT net profit up by 84%.

Apr 14, 2000

Niit has shown improved earnings for the second quarter ended March 1999.It is the first to set up a virtual university in the US and has also bagged a huge 7.4 USD 7.4 million order.

(Rs m) 2QFY1999 2QFY2000 Change
Sales 1,753 2,100 19.8%
Other Income (10) 41 -510.0%
Expenditure 1,440 1,659 15.2%
Operating Profit (EBDIT) 313 441 40.9%
Operating Profit Margin (%) 17.9% 21.0%  
Interest - - 0.0%
Depreciation 68 79 16.2%
Profit before Tax 235 403 71.5%
Other Adjustments -    
Tax 35 35 0.0%
Profit after Tax/(Loss) 200 368 84.0%
Net profit margin (%) 11.4% 17.5%  
Earnings per share 5.16 9.51  

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