NIIT Technologies Q2FY18 consolidated net profit rises 32.1% qoq

India Infoline Research Team | October 18, 2017 14:39 IST

NIIT Technologies Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 737 4.0
EBITDA 122 12.1
EBITDA Margin (%) 16.6 120
Net Profit (adjusted) 73.30 32.1
***EBITDA margin change is bps
View

Accumulate

Reco. Price

623

Last updated on

13-Oct-2017


NIIT Technologies consolidated revenue for the quarter came in at Rs. 737 crores, registering 4% QoQ increase. This was primarily driven by 5.5% QoQ increase in revenue of Americas operations.

EBITDA for the quarter rose by 12.1% QoQ to Rs. 122 crores with a corresponding margin expansion of 120 bps. EBITDA margin for the quarter stood at 16.6%. This margin expansion was aided by decline in other expenses as proportionate to sales (22.3% in Q2FY18 vs 24% in Q1FY18).

PAT for the quarter came in at Rs. 73.3 crores, QoQ increase of 32.1%. This was due to lower effective tax rate of ~22% vs ~35% in preceding quarter.

Technical View:

NIIT Technologies Ltd is currently trading at Rs. 623.80, down by 10.4 points or 1.64% from its previous closing of Rs. 634.20 on the BSE.
The scrip opened at Rs. 638.15 and has touched a high and low of Rs. 646 and Rs. 612 respectively. So far 19,39,506(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

BSE 615.50 [1.95] ([0.32]%)
NSE 613.90 [4.20] ([0.68]%)

***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.