NIIT Technologies gains 10% on robust March quarter earnings report

Truman Slate

Shares of NIIT Systems surged ten per cent to Rs 1,307 on the BSE on Wednesday right after the enterprise noted a healthy 24.4 per cent yr-on-yr progress in earnings just before interest, taxes, depreciation, and amortization (Ebitda) at Rs 198.eight crore for the quarter ended March quarter (Q4FY20). Ebitda margins enhanced by ninety one foundation details to 17.9 per cent versus 17. per cent in yr back quarter.

The company’s consolidated revenue for the duration of the quarter rose 19 per cent to Rs 1,109 crore from Rs 932 crore in the corresponding quarter of prior fiscal.

For Q4FY20, the get intake of $one hundred eighty million, with three substantial promotions secured, demonstrates continued offer signing momentum. The cumulative get intake for the yr is $748 million, up 16 per cent about prior yr.

Meanwhile, the company’s board recommended an interim dividend of Rs eleven per share, which comes

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