NIIT Technologies Q4FY08 net dips 11pc at Rs 31 cr

New Delhi, Jun 11: NIIT Technologies today said its net profit for the fourth quarter ended March 2008 dipped 11 per cent to Rs 31 crore as compared to Rs 45.9 crore for the same period a year ago. Its total revenue for Q4FY08 witnessed a hike of six per cent at Rs 248.5 crore as against Rs 243.5 crore fro Q4FY07.

NIIT's net profit for the year ended March 2008 increased five per cent to Rs 135.3 crore as compared to Rs 129.2 crore for the last fiscal. The company's consolidated revenues for FY08 went up six per cent to Rs 941.5 crore, whereas it was Rs 885.9 crore during the last fiscal.

However, its operating profit for the year ended March 2008 dipped two per cent to Rs 176.3 crore as against Rs 180.3 crore for the year ended March 2007.

NIIT Technologies' Board of Directors has also recommended dividend of Rs 6.50 per equity share.

UNI