NIIT Tech Q4 net profit up 22.5%
"Consequent to recent judicial pronouncement in Australia, company has reassessed its position pertaining to applicability of GST, Fringe benefit tax and royalty tax in our acquired entity in Australia. Basis the reassessment, the company has filed voluntary disclosure with the Australian tax authorities. The impact of the same has been booked as exceptional items amounting to Rs 56 million and Profit after tax for the quarter is reflective of the same," the company said in a statement.
NIIT Technologies Ltd on Saturday reported a 22.5 per cent rise in consolidated net profit to Rs 105.5 crore for the fourth quarter ended March 31, Photo: www.niit-tech.com