NIIT Q2 PAT up by 31 p.c.

NEW DELHI, INDIA: NIIT Limited has recorded a consolidated profit after tax of Rs 21.1 crore for the second quarter ended on 30 September 2007, up by 31 per cent, when compared to the corresponding quarter previous year.

The company posted net revenues of Rs 270.2 crore, representing a 33 per cent increase year over year. Company's Systemwide revenues stood at Rs 398.6 crore, up 24 per cent year over year.

The company posted an operating profit (EBITDA) of Rs 35.8 crore, up by 50 per cent when compared to Rs 23.8 crore in the corresponding quarter previous year.

Rajendra S. Pawar, NIIT chairman, said, “NIIT's 33 per cent revenue growth is a result of our Global Talent Development initiative across multiple sectors-IT, banking, executive management education.”

The company's Individual Learning Solutions recorded a 31 per cent growth in net

revenue in Q2, over the same period last year, with Career segment revenues growing at 37 per cent.

Continuing with the focus of building talent for the high growth IT infrastructure management space, NIIT extended the new Network and Infrastructure Management curriculum to over 176 centers across the country, NIIT said in a statement.