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 of the company 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.
It secured fresh orders of $145 million during the quarter leading to $263 million worth of orders executable over the next 12 months. This includes a $15 million contract renewal with a travel and transportation client in the U.S. and $60 million contract to implement Airport Operations Control Centres across 10 airports in India with Airports Authority of India.