NIIT Ltd Q2 (July-Sept) consolidated results 2006-07

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NIIT Ltd Q2 (July-Sept) consolidated results 2006-07

NIIT Limited Q2 (July-Sept) Consolidated Results 2006-07

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For the second quarter ending September 30, 2006, NIIT, Asia's largest IT Trainer, has posted Global System-wide revenues of Rs. 321.3 crores, representing a 66% increase YoY. Net revenues for the quarter stood at Rs. 203.1 crore.

The company posted an Operating Profit (EBITDA) of Rs.23.8 crore, representing a 36% YoY growth as compared to Rs.17.5 crore in the corresponding quarter last year.

NIIT Limited and its subsidiaries have recorded a consolidated net profit of Rs. 16.1 crore, a growth of 23% YoY. This has resulted in a basic EPS of Rs. 8.3 per share of Rs. 10 each.

Commenting on NIIT's Q2 performance, NIIT Chairman Mr. Rajendra S. Pawar said, 'NIIT's 66% growth is driven by strong increase in the existing Individual and Corporate businesses, new products and the recent acquisition.'

The company's Individual Business recorded a 46% YoY growth in revenues, with GNIIT enrolments going up by 98%. China operations recorded a 35% growth in revenues, during the quarter.

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