Order executable over next 12 months at $240m: NIIT Tech

NIIT Technologies' consolidated net profit grew higher than expected by 24.5% quarter-on-quarter and 40% year-on-year to Rs 57.5 crore in the first quarter of FY13.

In an interview to CNBC-TV18, Rajendra Pawar, NIIT Tech says, Q1 has been a very strong quarter. "Revenues, on a year-on-year basis, are up 43% and net profit is up 40%. Net profit, on a quarter-on-quarter basis, has been strong, it is up 24.4%," he elaborates. He further says, in terms of order intake, it was another good quarter, USD 83 million. "The order executable over the next 12 months is USD 240 million, 20% higher than what it was the same period last year. So, we are seeing, in my view, a very strong quarter. The order executable over the next 12 months also shows this ability. So that's the picture as we see at this point in time. So, it's been a very good quarter for us," he adds.