NIIT Technologies posted a 22 per cent rise in its net profit at Rs.56.6 crore for the January-March 2013 quarter against Rs.46.2 crore in the year-ago period.
“We experienced sequential growth in each quarter of the year, driven by all round expansion in revenues across all geographies and industry segments of focus over the previous year,” NIIT Technologies CEO Arvind Thakur told reporters here.
The consolidated revenues rose by 21 per cent to Rs.537.2 crore from Rs.443.5 crore.
The travel and transportation segment contributed 40 per cent of the revenues followed by banking, financial services and insurance (BFSI) at 32 per cent, government (8 per cent) and manufacturing (7 per cent), he added. In terms of geographies, the U.S. contributed 38 per cent of the revenues, EMEA (37 per cent) and Asia Pacific (APAC) and India (25 per cent). During the quarter, the company secured fresh orders worth $110 million leading to $252 million worth of orders executable over the next 12 months, he added.
For the 12 months ended March 31, 2013, the net profit rose to Rs.218.40 crore from Rs.196.44 crore in 2011-12. Its consolidated income rose to Rs.2,021.36 crore from Rs.1,576.48 crore during the review period.
On the outlook, NIIT Technologies Chairman Rajendra S Pawar said: “Strong order intake in the fourth quarter of last year and early big wins in the first quarter of this year will help sustain growth momentum in the current year.”
Keywords: NIIT Technologies Q4 results 2013