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New Delhi, July 21 (PTI) IT trainer NIIT today posted a growth of 31.31 per cent in its consolidated net profit at Rs 13 crore for the first quarter ended June 30. Net revenue of the company rose to Rs 278 crore in the April-June quarter, against Rs 261 crore in the same period last year, the company said in a statement. "Compared to last year the impact of currency fluctuation on our revenue is Rs 134 million during the quarter," Chairman NIIT Ltd Rajendra S Pawar said. School Learning Solutions (SLS) recorded a net revenue of Rs 38.4 crore, backed by fresh order intake of Rs 158.6 crore, representing an addition of 1,231 schools during the quarter. "We are making investments in people and marketing to cater to strong hiring in IT & other service sectors," NIIT Ltd Chairman Rajendra S Pawar said. Meanwhile, revenues from the China''s operation grew by 32 per cent year-on-year basis. "The corporate training business recorded fresh order intake of USD 34 million, reflecting strong customer confidence," NIIT Ltd Chief Executive Officer Vijay K Thadani said. Corporate Learning Solutions posted a net revenue of Rs 137.7 crore. "Focused growth in private schools segment coupled with launch of innovative products such as the mobile science lab, has led to a healthy order intake of Rs 158.6 crore covering 1,231 schools," NIIT Ltd Chief Operating Officer P Rajendran added. Shares of NIIT closed at Rs 70.75 on the BSE, up 1.36 per cent from previous close.
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