From the corresponding quarter last year, NIIT Technologies reported a profit after tax up 2 per cent of Rs 87.6 crore for the quarter ended June 30, 2019. Revenues for the quarter on year-on-year basis were at Rs 962.7 crore, up 16.7 per cent.
The quarter had one-time non-recurring expense of Rs 235 million translating to a negative impact of 240 bps. The company said in a filing, the EBITDA margin for the quarter stood at 16.9 per cent, an expansion of 103 points YOY and PAT at Rs 100.6 crore.
“We registered a good performance in Q1 FY20 and the fundamentals of the business are strong,” said CEO Sudhir Singh. NIIT Technologies secured new firm worth $175 million during the quarter and said that the orders executable over the next twelve months rose to $395 million.
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