NIIT Limited Consolidated Financials for Quarter ended September 30, 2023 |
|||
(in Rs. million) |
Quarter ended September 30, 2023 |
Quarter ended June 30, 2023 |
QoQ change |
Net Revenue |
814 |
625 |
30% |
EBITDA |
22 |
(64) |
+Rs. 86 million |
Profit After Tax |
106 |
22 |
+Rs. 84 million |
Note: Results include impact of the demerger of NLSL from NIIT Limited from April 1, 2022
New Delhi, October 31, 2023: NIIT Limited (Ticker Symbol: NIITLTD), a leading skills & talent development corporation, today announced its financial results for the second quarter ended September 30, 2023.
During the quarter, the company recorded Net Revenue of Rs. 814 million, up 30% QoQ and down 13% YoY. EBITDA was recorded Rs. 22 million as compared to Rs. (64) million in Q1 FY24 and Rs. 24 million in Q2 FY23. Profit After Tax was Rs. 106 million as compared to Rs. 22 million in Q1 FY24 and Rs. 47 million in Q2 FY23.
The results were taken on record at the Board of Directors meeting held today. The Board also approved an interim dividend of Rs. 0.5 per share (25% on FV of Rs 2 per share). The record date for the dividend will be November 10, 2023.
During this quarter, NIIT Ltd integrated Generative AI in its Full Stack Software Engineering, Data Science and Digital Marketing programs and also introduced special programs in AI to equip learners with the new age skills required in today’s rapidly evolving job roles. The company also re-launched its Post Graduate Programme in Banking and Finance – Sales and Relationship Management with changes in curriculum as per the industry needs. The programme has been specially designed by NIIT IFBI to transform fresh graduates into confident Banking and Finance professionals. It also provides placement assistance to the learners.
Rajendra S Pawar, Chairman and Co-Founder, NIIT Group, said, “NIIT has played a pivotal role as talent builders for the nation, especially in the technology sector over the last 4 decades. With the accelerating pace of transformation across industries, we are excited about the opportunity ahead to recreate this impact across multiple sectors including technology and BFSI industries.”
In this quarter, NIIT has also been recognized as Best Education Brand of 2023 at The Economic Times Best Education Brands awards and summit. This recognition has been conferred to NIIT for its commitment and contribution towards strengthening the upskilling and reskilling landscape through its innovative learning solutions.
Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, commented, “The company has been able to achieve strong growth sequentially driven by 69% growth in enrolments and expansion across Technology and BFSI customers. The company continues to expand its reach and product portfolio including investments in AI.”
Other Highlights of the quarter:
About NIIT Limited
NIIT Ltd. is a leading skills & talent development corporation, set up in 1981 to help the nascent IT industry overcome its human resource challenges. The company today ranks amongst the world's leading training organizations owing to its vast and comprehensive array of talent development programs.
NIIT Ltd. delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in futuristic domains through its various businesses including NIIT Digital, StackRoute, RPS Consulting, Institute of Finance Banking & Insurance (IFBI), TPaaS and Sales & Service Excellence (SSE).
Swati Sharma
Corporate Communications & Marketing, NIIT Limited
Ph: (Cell) +91 9999601154, (Dir) +91 124 4293042
Email: swati.sharma@niit.com
Anuradha Chawla
Sr Account Director, AvianWE
Ph: (Cell) +91 9899965560
Email: anuradha@avianwe.com
Investors may contact
Kapil Saurabh,
Vice President, NIIT Limited,
Ph (Cell) +91 9899117793,
(Dir) +91 124 4293324
Email: kapil.saurabh@niit.com
Visit us at: www.niit.com
Follow us on: www.twitter.com/niitltd
NIIT is a leading Global Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world’s leading training companies owing to its vast, yet comprehensive array of talent development programs. With a footprint across 30 nations, NIIT offers training and development solutions to Individuals, Enterprises and Institutions.
We're working on curating more amazing courses for you! Until then, why not explore other categories or let us know what you're interested in? Your next learning adventure awaits!.
We're working on curating more amazing courses for you! Until then, why not explore other categories or let us know what you're interested in? Your next learning adventure awaits!.
There are multiple emails associated with this number. Please select the one you will use for this course.
Please take 2 minutes to help us guide you in your journey.
There are multiple emails associated with this number. Please select the one you will use for this course.
There are multiple emails associated with this number. Please select the one you will use for this course.
Executive Chairman
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Vice-Chairman & Managing Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Joint Managing Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Non-Executive Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Non-Executive Independent Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Non-Executive Non-Independent Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
Non-Executive Independent Director
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT Limited, a leading Global Talent Development Corporation, and founder of the NIIT University, established with a vision of being the role model of learning, research, innovation and sustainability for the Knowledge Society. He is also Non-executive Chairman of NIIT Learning Systems Limited.
Under his leadership, NIIT has played a key role in shaping the growth of the Indian IT sector, by creating skilled manpower to drive its momentum. Having revolutionized the IT Training industry, he is now involved in establishing an innovative model in Higher Education, the not-for-profit NIIT University.
Mr. Pawar is also member of Governing body of not-for-profit NIIT Foundation, which addresses the skilling and livelihood needs of youth from the underserved segments of the society.
Mr Pawar did his early schooling in Jammu. Then moved to The Scindia School, Gwalior and from there to IIT Delhi.
Mr Pawar's contributions have been widely acknowledged and he has been conferred prestigious awards:
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.
StackRoute, an NIIT venture, is a digital transformation partner for corporates to build deep-skilled technology and digital talent at scale. Established in August 2015, StackRoute provides disruptive IT learning solutions on programming, quality-engineering, data-science and digital architecture.
Our immersive and remote programs are practitioner-led and outcome-oriented. Geared towards imparting deep skills in digital technologies, StackRoute works with multiple tier 1 IT companies, Global Captive Centers, product engineering companies, and GICs towards transforming their workforce to efficiently deliver digital transformation projects with ease.