NIIT Limited Announces Q2 FY’25 (July – September 2024) Results
|
Consolidated Financials for Q2 FY’25 |
||
(In Rs. Mn) |
Quarter Ended September 30, 2024 |
QoQ change |
YoY change |
Net Revenue |
907 |
10% |
11% |
EBITDA |
21 |
+23 Mn |
|
Profit After Tax |
118 |
53% |
11% |
New Delhi, October 25, 2024: NIIT Limited (Ticker Symbol: NIITLTD), a leading skills & talent development corporation, today announced its financial results for the second quarter ended September 30, 2024.
During the quarter, the company recorded Net Revenue of Rs. 907 million, up 10% QoQ and 11% YoY. EBITDA was recorded at Rs. 21 million. Profit After Tax was Rs. 118 million, up 53% QoQ and 11% YoY. EPS for the quarter was at Rs. 0.88. All round growth in the business led by 19% YoY growth in BFSI & Other programs and 7% YoY growth in Technology programs.
In Q2 FY’25, NIIT Ltd.’s revenue from the working professional segment grew by 14% YoY, while the early career segment saw a 9% YoY growth.
The results were recorded at the Board of Directors meeting held on October 25, 2024.
Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, commented “The business recorded robust growth in Q2 across Technology, BFSI & Other programs with enrollments increase in both early career and working professional segments. We expect this momentum to be maintained, driven by improving hiring sentiment in IT and acceleration in BFSI.”
Q2 FY’25 also witnessed new client wins across various business verticals. The BFSI segment partnered with some of India’s top private sector banks and a prominent public sector bank for lateral training programs. RPS Consulting, an NIIT Limited subsidiary, landed significant deals with a global technology leader and a prominent payroll and HR solutions provider. Furthermore, NIIT’s Sales and Service Excellence (SSE) business achieved a marquee win with a major consumer electrical company for a sales capability-building program.
Bottom of Form
“Our recent initiatives including specialized programs for Digital Architects and for GenAI adoption by Enterprises are uniquely positioning us as catalysts of growth in the minds of our customers.” said Rajendra S Pawar, Chairman and Co-Founder, NIIT Group. Top of Form
Other Highlights:
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. To meet the manpower challenges in BFSI sector, NIIT established Institute for Finance, Banking, and Insurance (IFBI), India's premier banking training institute in 2006. 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).
For more information about NIIT visit: www.niit.com
Abhishek Puri
Corporate and Marketing Communications, NIIT Limited
Ph: (Cell) + 91 9953300852
Email: abhishek.puri@niit.com
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.
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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.