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Stock Report
NIIT Ltd. Q1FY21 consolidated net profit at Rs. 28.96 crore
Posted On : 2020-07-31 13:54:50( TIMEZONE : IST )
NIIT LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.237.71 crores during the period ended June 30, 2020 as compared to Rs.235.34 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.28.96 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.0.59 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.2.04 for the period ended June 30, 2020 as compared to Rs.0.04 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 237.71 crs | ₹ 235.34 crs |  1.01% |
| Net Profit | ₹ 28.96 crs | ₹ 0.59 crs | 4808.47% |
| EPS | ₹ 2.04 | ₹ 0.04 | 5000% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.237.71 crores during the period ended June 30, 2020 as compared to Rs.223.88 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.28.96 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.1090.41 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.2.04 for the period ended June 30, 2020 as compared to Rs.64.50 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 237.71 crs | ₹ 223.88 crs | 6.18% |
| Net Profit | ₹ 28.96 crs | ₹ 1090.41 crs |  -97.34% |
| EPS | ₹ 2.04 | ₹ 64.50 | -96.84% |
Speaking on the occasion, Mr. Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "Agile and decisive actions on strategy and cost control helped the company to garner new revenue opportunities and recover profitability which had declined sharply in the previous quarter."
Commenting on the Quarter, Sapnesh Lalla, CEO, NIIT Ltd. said, "In spite of the pandemic, our customers continue to repose their faith in NIIT, as we continue to see high deal velocity and renewals with a strong and healthy pipeline."
Shares of NIIT LTD. was last trading in BSE at Rs.95.3 as compared to the previous close of Rs. 95.05. The total number of shares traded during the day was 51332 in over 769 trades.
The stock hit an intraday high of Rs. 95.35 and intraday low of 93.7. The net turnover during the day was Rs. 4833616.
