NIIT has reported a 57% jump in profits for the year ended September 2000. However the rise would be higher (61%) if one were to exclude the provision for contingencies of Rs 62 m. The other income of the company rose by whopping 753% which led to higher growth in the profits.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
Diluted number of shares
Diluted Earnings per share
The global revenues of the company increased by 41% to Rs 12.4 bn. Its operating margins also improved marginally by 140 basis points to 34.8%.
At the current market price of Rs 1,210 NIIT is trading at a P/E of 21 times its FY01 annualised earnings. The company's current valuations are lowest compared to its historic valuations(45-60 times).
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