NIIT TECH : A global leader in IT solutions, registered a fall of 52% in the consolidated net profit in the quarter ended December 2008. During the quarter, the profit of the company fell to Rs 168 million from Rs 347 million in the same quarter, previous year.

Consolidated revenues for the quarter climbed merely 6% to Rs 248.5 crore compared with the prior year Rs 258.7 crore QoQ period.

The company's consolidated net profit was at Rs 16.8 crore versus Rs 36.7 crore on QoQ basis.

The company reported a substantial drop in its standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 57.88% to Rs 120.20 million from Rs 285.40 million in the same quarter, last year.

Net sales for the quarter rose 8.37% to Rs 1,282.80 million or Rs. 128.3 crores, while total income for the quarter rose 5.44% to Rs 1,307.10 million, when compared with the prior year period.

The company posted earnings ( EPS )  of Rs 2.05 a share during the quarter, registering 57.82% decline over previous year period.NIIT Technologies has declared its third quarter results.

The company's standalone net sales were at Rs 128.3 crore versus Rs 134 crore on QoQ basis.

The company's standalone net profit was at Rs 12 crore versus Rs 29.4 crore on QoQ basis.

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