NIIT Tech Q1 net profit drops 58 pc; shares fall 8 pc | business | Hindustan Times
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NIIT Tech Q1 net profit drops 58 pc; shares fall 8 pc

IT firm NIIT Technologies reported a fall of nearly 58 per cent in its net profit to Rs 10.30 crore for the first quarter ended June 30, over the same period a year earlier.

business Updated: Jul 29, 2009 14:47 IST

IT firm NIIT Technologies on Wednesday reported a fall of nearly 58 per cent in its net profit to Rs 10.30 crore for the first quarter ended June 30, over the same period a year earlier.

Income from operations also dipped to Rs 118.49 crore in the latest quarter of the current financial year from Rs 124.28 crore in the corresponding period last year, NIIT Technologies said in a filing to the Bombay Stock Exchange (BSE).

Shares of NIIT Technologies fell 8.36 per cent and were trading at Rs 99.75 in afternoon trade on the BSE.