IT training company NIIT today reported a net profit of Rs 40.75 crore for

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the third quarter ended December 31, 2011.

"The figures are not comparable as the company has divested its US-based subsidiary element K," NIIT said in a statement.

Net revenues rose to Rs 239 crore during the quarter under review, up 15 per cent from Rs 207.9 crore the same year-ago period.

"The acquisition of two global clients for delivering multi year multi million dollar managed training services growth enrollment, both for the short-term technology diploma programmes and finance and banking courses, reflected the strong acceptance of the NIIT brand in these challenging times," NIIT Ltd CEO Vijay K Thadani said.

Shares of NIIT Ltd were trading at Rs 43.80 on the BSE, up 2.46 per cent from the previous days close.