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NIIT Technologies Q1 profit down 7.5 %

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NIIT Technologies posted a 7.5 per cent drop in its net profit at Rs.53.2 crore for the first quarter ended June 30, 2013, against Rs.57.5 crore in the year-ago period. Consolidated revenue rose 15.4 per cent to Rs.541.9 crore in the April-June quarter from Rs.469.6 crore.

“ Dividend tax of Rs.5.4 crore was paid for repatriation of dividend from overseas subsidiaries during the quarter which contributed to the net profit decline,” NIIT Technologies CEO Arvind Thakur said here. — Staff Reporter


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