India's NIIT jumps as Q2 profit more than doubles

NIIT

31/10/2023 08:30

** NIIT shares  NIIT.NS  up ~7% at 124 rupees
    ** The provider of software training services reports
Sept-qtr consol profit after tax more than doubles
    ** Rev drops 13%, but is partly offset by 12% fall in total
costs
    ** Trading volume is 1.6x the 30-day avg
    ** NIIT shares now up 77% so far in 2023

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))