Shares of NIIT Technologies today surged as much as 18% to ₹1395, a day after the IT company announced its Q4 earnings. NIIT Tech had announced its earnings after market hours on Tuesday.
Net profit rose 7.7% to ₹113.6 crore year on year. The company’s revenue during the quarter rose 19% year on year to ₹1,109 crore.
NIIT Technologies reported operating margins of 17.8% during the quarter, down 31 bps QoQ but up 22 bps YoY. Digital revenue stood at 38% of the overall mix during the quarter. "The firm recorded one of its best annual performances ever in FY'20, which has come on the back of a similarly strong performance delivered in the preceding year.