India's NIIT Ltd surges as qtrly profit doubles
10/11/2021 09:29
** Shares of skills and talent development firm NIIT.NS
jump as much as 8.6% to 332.85 rupees
** NIIT Ltd's consolidated net profit more than doubled to
524.3 million rupees ($7.05 million) for the quarter ended Sept.
30 urn:newsml:reuters.com:*:nFWN2S11P7
** Revenues from co's corporate learning group segment rose
40% year-over-year as it added six managed training services
(MTS) contracts, its highest ever during a quarter
** Sustained margins despite impact of wage hike and
continuing investments - NIIT
** Co's qtrly consolidated revenue from operations was up 4%
at 3.14 bln rupees
** More than 2.9 mln shares traded, 3.6 times their 30-day
moving average
** Including session's gains, NIIT stock is up ~62% YTD
($1 = 74.3325 Indian rupees)
(Reporting by Shivani Singh in Bengaluru)
((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))