NIIT Technologies, a leading IT solutions provider has announced that it has clocked a dip of 58.50% in its net profit for the quarter ended on March 31, 2009.

During the quarter under review, the company has posted a net profit of Rs 22 crore against Rs 54 crore in the same quarter ended March 2008.

For Financial Year ended 31st March 2009, the company has recorded a consolidated net profit of Rs 116 crore, down 15.08% versus a net profit of Rs 137 crore in the previous financial year.

Further, board of directors of the company has declared a dividend of Rs 6 per equity share of face value of Rs 10 each for the year 2008-09.

Stock price of NIIT Technologies settled in red at Rs 103, down 2.94% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 711,421