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NIIT Limited's net drops 56% in Q3

  •   Fri, Jan 20 2017 05:50:18 PM

Mumbai, Jan 20 (IANS): Skill development company NIIT Limited's consolidated net profit for the third quarter of the current fiscal (2016-17) dropped to Rs 6 crore, a regulatory filing by the company showed here on Friday.

The company posted consolidated net profit of Rs 13.7 crore for the corresponding quarter in 2015-16.

The consolidated net profit dropped by 56.20 per cent.

It posted net revenue of Rs 267.3 crore for the third quarter of 2016-17 compared to Rs 262.3 crore during a year ago period.
  

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