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Emkay Research has maintained its buy rating on NIIT with a price target of Rs 132 in its June 13, 2008 research report. "NIIT reported strong Q4FY08 numbers with revenues of Rs 2725 million (+14.1% QoQ, 6.2% YoY) along with impressive operating margin expansion of 170 bps QoQ (V/s our expectation of 100 bps) and YoY increase of 320 bps. Net profits came in significantly ahead of our expectations at Rs 253 million (+83.3% QoQ, +47% YoY) helped by operating margin expansion and higher other income."
"We remain confident on the prospects of the retail training business (company continues to surprise positively) as well expect more ICT wins in the coming quarters in the Institutional business. We maintain ‘BUY’ with a price target of Rs 132," says Emkay's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
For further details click on attachment......
Attachments : NIIT Limited_Q4FY08_Result_Update.pdf |
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Today's Special Column
with Kishore Biyani
Future Group and the MD of Pantaloon Retail (India) Limited , Group CEO


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