NIIT Q4 net up 53% at Rs 38 crore

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NIIT, a talent development company for IT sector, posted net profit for the quarter ending March 2011 at Rs. 37.8 crore up from Rs. 24.7 crore, an increase of 53%.

Net sales for Q3, FY"11 is reported to be an increase of 9.83% to Rs. 324 crore from Rs. 295 crore for the same period last year.

For the financial year 2010-11, the company has announced a dividend of 75% on the face value of Rs. 2.

After the announcement, NIIT shares were trading at Rs. 56.95, up by 5.17%

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