Processing .....please wait.. 
The article has been forwarded.... 
News >> Enterprise >>
NIIT Tech net down 12.4 percent in Q2
By siliconindia
New Delhi: Delhi based NIIT Technologies reported a 12.4 percent fall in its profit after tax (PAT) for the second quarter ended on September 30, owing to a foreign exchange loss of $153 million (around 
700 crore). PAT stood at 32.1 crore compared to 6.7 crore in the year ago period. Consolidated revenues at 226.3 crore were down 12.5 percent year-on-year from 258.7 crore.
Sequentially, PAT rose 82 percent from 17.6 crore in the trailing quarter, while revenues were up 3.7 percent on a quarter-on-quarter basis. The BFSI (Banking, Financial Services and Insurance) segment contributed 44 percent to revenues, while the travel and transport vertical contributed 30 percent. Fresh orders worth $51 million (around 236 crore) were secured in the quarter.
700 crore). PAT stood at 32.1 crore compared to 6.7 crore in the year ago period. Consolidated revenues at 226.3 crore were down 12.5 percent year-on-year from 258.7 crore.
Sequentially, PAT rose 82 percent from 17.6 crore in the trailing quarter, while revenues were up 3.7 percent on a quarter-on-quarter basis. The BFSI (Banking, Financial Services and Insurance) segment contributed 44 percent to revenues, while the travel and transport vertical contributed 30 percent. Fresh orders worth $51 million (around 236 crore) were secured in the quarter.