Had 11K enrollments in cloud campus soon after launch: NIIT

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Had 11K enrollments in cloud campus soon after launch: NIIT

Speaking to CNBC-TV18, Vijay Thadani, CEO of the company said the quarter has been fairly decent in terms of volume growth.

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Excerpts from Business Lunch on CNBC-TV18 Watch the full show » ALSO READ See latest News about NIIT See previous management interviews See what other Experts & Brokerages are saying about NIIT NIIT BSE | NSE 30/05/12 Are Mutual Funds betting on NIIT?

IT training company NIIT Ltd today reported a 6% increase in net profit to Rs 30.2 crore for the quarter ended September 30, 2011.

The company had posted a net profit of Rs 28.5 crore for the same period last year.

Speaking to CNBC-TV18, Vijay Thadani, CEO of the company said the quarter has been fairly decent in terms of volume growth. "We had 11,000 enrollments in cloud campus," he informed adding, "...we had a 62% growth in managed training services."  

Net revenue of the company also increased to Rs 383.8 crore in the quarter ended September 30, 2011, from Rs 345.8 crore in the same period last year.

Our margins went up by 90 basis points despite adverse effect of foreign exchange, Thadani said. "We had a margin erosion, which was one-time in nature," he added.

Shares of NIIT were trading at Rs 47 each, down 1.05% from their previous close on the BSE in the afternoon.