NIIT Tech Q1 net at Rs 13 crore

NIIT Technologies Ltd, the recently demerged arm of NIIT Ltd, on Tuesday reported a six fold increase in net profit at Rs 13.4 crore (Rs 134 million) for the quarter ended June 30, 2004.

The company's consolidated revenues grew 23 per cent year-on-year to Rs 127.9 crore (Rs 1,279 million).

Its operating profit during the April-June 2004 quarter was at Rs 22.8 crore (Rs 228 million).