Google Search

23 July 2008

Result Update : NIIT Technologies

NIIT Technologies announced its result for QE Jun 08 on 22 Jul 08.

Geographical spread rose to 52% in favour of Europe while declining by 2% for the US. Orderbook additions were worth Rs 184 Cr in the qtr, with only 43 Cr coming from the US. Vertical wise - the share of Transportation rose to 28 % while BFSI dropped to 42%.

Net profit remained flat at Rs 35 Cr Q-on-Q which translates into an EPS of 5.99 while consolidated revenue rose 7% Q-on-Q to Rs 229.4 Cr. A higher outlay for depreciation and taxation and a reduction in the other income component from 33.21 Cr to 4.9 Cr caused the halving of net profits vis-a-vis QE Mar 08. The Operating Profit Margin remained flat at 19%.

The Trailing Tweleve Months EPS is Rs 22.57 and at the current market price of Rs 112, the stock trades at a PE of 4.96.I maintain a buy on the stock and the target price of Rs 172.

No comments:

DISCLAIMER

This blog should not be construed as investment advice, either on behalf of particular stocks or in regard to overall investment strategies. It is a site aimed at understanding competitive advantages and valuing businesses. The information provided here comes from publicly accessible sources, but errors in these sources and in transcription may occur. Any investment decisions you make should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.