NIIT Technologies : Q4FY17 Results

NIIT Technologies Ltd. reported its results for the quarter ended March 31, 2017 on Friday. 

Total sales for this quarter, Q4FY17 came in at Rs. 458.5 crore. This represents a 19.72% sequential increase and 25.66% YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 86.68 crore and the EBIT margin stood at 18.91%.

In terms of the bottom-line, the company reported PAT of Rs. 69.03 crore which represents a sequential QoQ increase of 143.85% and a YoY increase of 127.68%.

During the financial year 2016-17, company witnessed 7 per cent YoY to Rs. 1595 crore. However, the company’s net profit in FY17 saw decline of 14 per cent to Rs. 165 crore.

NIIT Technologies Limited is an India based information technology (IT) company. The company focuses on customers in the banking, financial services and insurance, travel transportation and logistics, and retail and distribution sectors, offering services in application development and management, enterprise solutions and managed services.