NIIT, an IT learning solutions provider, reported five-fold growth in consolidated net profit to Rs 140 million for the quarter ended Mar. 31, 2014 as compared to Rs 27 million in the same period last year,on the back of strong operational performance.

Total revenues came at Rs 2.32 billion, a decrease of 5% over Rs 2.21 billion in the same period a year ago. EBITDA came at Rs 131 million, an increase of 85% over Rs 71 million in the same period a year ago.

During the quarter, corporate learning solutions (CLS) recorded net revenues of Rs .107 billion, up 41% YoY during Q4.

Rajendra S Pawar, chairman, NIIT, said, ''Our new GNIIT program, which now has many options beyond IT, can be customized by every student.''

Vijay K Thadani, chief executive officer, NIIT, said, ''The Corporate Training Business recorded fresh order intake of USD 21.8 million in Q4, up 52% YoY, reflecting strong customer confidence.''

Shares of the company gained Rs 5.55, or 15.66%, to settle at Rs 41. The total volume of shares traded was 3,999,895 at the BSE (Wednesday).