NIIT net debt came down 30% from the previous quarter to Rs91.7 crore. Its net profit after associate profit (including contribution from NIIT Technologies and other ventures) was at Rs20.8 crore in the year-ago period. At the operational level, the company’s net profit was up 43% at Rs8.7 crore in the reported quarter, from Rs6.1 crore in July-September 2015. This quarter, NIIT also reduced net debt and made substantial improvement in working capital management, he added. The Skills and Careers Group (SNC) recorded a net revenue of Rs98.1 crore during the second quarter while MindChampion Learning Systems (MLS) registered net revenue of Rs21.6 crore during the quarter.

Source: Mint October 19, 2016 11:03 UTC