NIIT Technologies declined 0.70% to Rs 107.05 at 15:26 IST on BSE after posting 55.21% fall in net profit to Rs 24.44 crore in Q1 June 2008 over Q4 March 2008.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 113 and a low of Rs 103.85 so far during the day. The stock had a 52-week high of Rs 409 on 18 October 2007 and a 52-week low of Rs 85.05 on 24 March 2008.
The company has an equity capital of Rs 58.73 crore. Face value per share is Rs 10.
The current price of Rs 107.05 discounts its Q4 March 2008 annualised EPS of Rs 37.18, by a PE multiple of 2.88.
NIIT Technologies’ total income fell 17.78% to Rs 129.16 crore in Q1 June 2008 over Q4 March 2008.
In February 2008, the company signed an agreement to buy out Germany's Softec GmbH for an undisclosed amount.
NIIT Technologies services customers in North America, Europe, Asia and Australia and focuses on specific industry verticals, including banking, financial services and insurance, travel & transportation and retail & manufacturing.
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