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.
Even its consolidated revenues were above estimates that
rose nearly 6% QoQ and 43% YoY to Rs 469.6 crore during the same period.
Analysts on an average had expected net profit at Rs 56.3
crore and revenues at Rs 467 crore in the quarter ended June 2012.
However, operating profit margin went down by 80 basis
points QoQ at 16% in the quarter, which was also above expectations of 15.86%.
In a press conference after results, NIIT Tech says Asia is
doing relatively better as compared other geographies.
Company said they had USD 240 million worth orders that to
be executed over one-year. "We secured orders worth USD 83 million in
Q1."
NIIT Tech added five new customers in the quarter; its
multi-million clients stood at 64.
According to release, business in the US contributed to 36%,
EMEA increased to 39% of the total revenue share, while the revenue share from
APAC stood at 13% and India at 12%. Among industry segments, Travel &
Transport increased to 40%, BFSI contributed to 34% of revenues and
Manufacturing/Distribution stood at 7%.
At 14:49 hours IST, the share rose 2.57% to Rs 293.50 amid
large volumes.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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