NIIT Limited Consolidated Financials for Quarter ended December 31, 2019 |
| | |
(in Rs. Crore) |
Quarter ended December 31, 2019 |
Quarter ended December 31, 2018 |
YoY change |
Net Revenue | 247.6 | 225.5 | 10% |
EBITDA | 24.6 | 22.4 | 10% |
Profit After Tax | 27.1 | 19.4 | 40% |
New Delhi, February 05, 2020: NIIT Limited (NSE: NIITLTD), a global leader in skills and talent development, today reported its results for the third quarter ending December 31, 2019. During the quarter, the company recorded a Profit After Tax of Rs. 27.1 Cr, up 40% YoY and Net Revenue of Rs. 247.6 Cr, up 10% YoY. EBITDA was recorded at Rs. 24.6 Cr, up 10% YoY. Operating Margin stood at 10%.
The results were taken on record at the meeting of the Board of Directors held today.
Speaking on the company’s performance, Mr. Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, “During the quarter, NIIT delivered strong Profit After Tax of Rs. 27.1 Cr, up 40% YoY, backed by a robust growth of 17% YoY in Corporate Learning Group.”
Corporate Learning Group (CLG) recorded net revenue of Rs. 189.5 Cr up 17% YoY. It added 2 new Managed Training Services (MTS) customer in Q3.
Commenting on the quarter performance, Sapnesh Lalla, CEO, NIIT Ltd. said, “Corporate Learning Group acquired 2 new MTS customers, resulting in an increased revenue visibility of $265 Mn. Our key initiatives in India, StackRoute and TPaaS combined grew 11% YoY.”
Skills & Careers Group (SNC) recorded net revenue of Rs. 54.4 Cr during Q3.
NIIT held the 3rd India edition of its international customer conference – NIIT Confluence – in Goa from November 13-15, 2019. Based on the theme ‘Performance Matters – The Role of Learning in Transformative Growth’, Confluence India attracted widespread participation from thought leaders and CHROs in the space of Learning & Development from organisations like – INDwealth, Reliance Industries, Reliance Jio, Vodafone Idea, IBM, Capgemini, KPMG, ICICI Bank, Yes Bank, CGI, Wipro Digital, Infosys, Cognizant, JP Morgan Chase & Co., and Automation Anywhere.
Share buyback update
During the quarter, the company completed buyback of 2.68 crore equity shares after approval from the shareholders of the company at Rs. 125 per share, representing approximately 16% of the total paid up equity share capital for an aggregate amount of Rs. 335 crore, exclusive of taxes.
Other highlights:
About NIIT
NIIT is a leading Skills and 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 and comprehensive array of talent development programs. With a footprint in over 30 countries, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has three main lines of business across the globe – Corporate Learning Group, Skills & Careers Business and MindChampion Learning Systems Limited.
NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT. NIIT has incubated, StackRoute, as a digital transformation partner for corporates to build multi-skilled full stack developers at scale. As NIIT's wholly owned subsidiary for its K-12 school learning initiative - MindChampion Learning Systems Limited (MLSL), provides curriculum based holistic range of education learning solutions to private schools in India under the nGuru brand. The product portfolio includes technology-driven classroom solutions, labs, assessment solutions, career guidance and counselling programs, and courseware solutions for IT, Maths, Science and English.
As the Most Trusted Training Brand in India for 5th year in a row (Brand Trust Report, 2017), NIIT's learning and talent development solutions, continue to receive widespread recognition globally. NIIT has been named among the Top 20 Training Outsourcing Companies for the past twelve consecutive years by Training Industry, Inc. USA. Further, leading Indian ICT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of this category. NIIT has also been featured as the 'Most Respected Education Company'- 2016 by leading financial magazine, Business World.
For Media queries please contact Prateek Chatterjee Senior Vice President, Corporate Communications & Marketing, NIIT Limited Ph: (Cell) +91 9910201085, (Dir) +91 124 4293370 Email: prateek.chatterjee@niit.com
Swati Sharma Corporate Communications & Marketing, NIIT Limited Ph: (Cell) +91 9999601154, (Dir) +91 124 4293042 Email: swati.sharma@niit.com |
Investors may contact:
Kapil Saurabh, 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.
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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.