Stock Report

NIIT Ltd consolidated Q2 FY24 net profit higher at Rs. 10.64 crores



Posted On : 2023-10-31 22:21:12( TIMEZONE : IST )

NIIT Ltd consolidated Q2 FY24 net profit higher at Rs. 10.64 crores

NIIT Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 96.204 crores during the period ended September 30, 2023 as compared to Rs. 78.316 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 10.641 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 2.184 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.78 for the period ended September 30, 2023 as compared to Rs. 0.16 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 96.204 crs ₹78.316 crs Up Tick / Down Tick22.84%
Net Profit ₹10.641 crs ₹2.184 crs Up Tick / Down Tick387.23%
EPS ₹0.78 ₹0.16 Up Tick / Down Tick387.50%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 96.204 crores during the period ended September 30, 2023 as compared to Rs.104.202 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.10.641 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.4.727 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.78 for the period ended September 30, 2023 as compared to Rs.0.34 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 96.204 crs ₹104.202 crs Up Tick / Down Tick-7.68%
Net Profit ₹10.641 crs ₹4.727 crs Up Tick / Down Tick125.11%
EPS ₹0.78 ₹0.34 Up Tick / Down Tick129.41%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.174.520 crores during the 6 Months period ended September 30, 2023 as compared to Rs.200.938 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.12.825 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-1.74 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.94 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.13 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹174.520 crs ₹200.938 crs Up Tick / Down Tick-13.15%
Net Profit ₹12.825 crs ₹-1.74 crs Up Tick / Down Tick837.07%
EPS ₹0.94 ₹-0.13 Up Tick / Down Tick823.08%

Shares of NIIT Limited was last trading in BSE at Rs. 128.05 as compared to the previous close of Rs. 116.45. The total number of shares traded during the day was 574108 in over 5467 trades.

The stock hit an intraday high of Rs. 128.05 and intraday low of 114.90. The net turnover during the day was Rs. 71714339.00.

Source : Equity Bulls

Keywords

NIIT Q2FY24 H1FY24 ResultUpdate