IT Training Services company NIIT announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue at Rs 863 million, up 16% YoY. EBITDA at Rs 4 million. Profit After Tax (PAT) at Rs 131 million up 18% YoY. FY25 Financial Highlights: FY’25 Revenue at Rs 3,576 million, up 18% YoY. EBITDA at Rs 115 million. Profit After Tax (PAT) at Rs 461 million, up 20% YoY. EPS of Rs 3.41 vs Rs 2.85 FY24. Vijay K Thadani, Vice Chairman & Managing Director, NIIT, said: “The acquisition of iamneo and our move to integrate GenAI across flagship programs are part of our strategy of future readiness.” Pankaj Jathar, CEO, NIIT, said: “Despite a volatile business environment, we have recorded double digit YoY revenue growth for the fifth consecutive quarter with all round growth across Technology and BFSI and Other programs.” Rajendra S Pawar, Chairman & Co-Founder, NIIT Group, said: “Our investments in new technologies, scalable platforms, and outcome-based learning are aimed at shaping a resilient workforce.” Result PDF
IT Training Services company NIIT announced Q3FY25 results Q3FY25 Revenue at Rs 981 million, grows 15% YoY and 8% QoQ. EBITDA at Rs 92 million vs. Rs 78 million during Q3FY24, change 18% and Rs 21 million Q2FY25, change 344%. Profit After Tax at Rs 134 million, up 13% QoQ. Vijay K Thadani, Vice Chairman & Managing Director, NIIT, said: "Despite a challenging environment, the business has responded well with consistent double digit YoY growth over the last four consecutive quarters. This has been driven by swift actions that company took to expand its client base including GCCs, Tier II GSIs, large private sector banks and leading Indian enterprises. The hiring environment remains volatile, and the business will continue to adapt to changing circumstances.” Rajendra S Pawar, Chairman and Co-Founder, NIIT Group,said: "At NIIT, skilling individuals with industry relevant competences has always been at the core of our mission. As GenAI and other technologies transform work, we are committed to being a leading provider of quality training focused on outcomes and contribute towards shaping the future workforce." Result PDF
IT Training Services company NIIT announced Q2FY25 results Q2 Revenue at Rs 907 million, up 10% QoQ and 11% YoY. All round growth: BFSI & Other programs up 17% QoQ and 19% YoY; Technology programs up 6% QoQ and 7% YoY. Profit After Tax at Rs 118 million up 53% QoQ and 11% YoY; EPS of Rs 0.88. Digital Architect and GenAI Programs gain traction. EBITDA was recorded at Rs. 21 million. All round growth in the business led by 19% YoY growth in BFSI & Other programs and 7% YoY growth in Technology programs. Vijay K Thadani, Vice Chairman & Managing Director, NIIT, said: "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.” Rajendra S Pawar, Chairman and Co-Founder, NIIT Group, said: "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" Result PDF
IT Training Services company NIIT announced Q1FY25 results: Financial Highlights: Q1 Revenue at Rs 825 million, up 32% YoY and 11% QoQ Revenue from BFSI & Other programs up 94% YoY and Technology programs up 13% YoY Profit After Tax at Rs 78 million Vs 22 million LY; EPS of Rs 0.6 Appoints Pankaj Jathar as CEO effective July 1, 2024 Vijay K Thadani, Vice Chairman & Managing Director, NIIT, commented "We are pleased with continued growth and recovery in the business despite the challenging environment. This progress stems from growth in the BFSI sector and Indian Enterprises and our increased penetration across GCCs and Tier II GSIs. The company has been making investments to expand our capability and reach. With green shoots visible in IT hiring, we expect these investments to further accelerate growth for the company." During the quarter, the company appointed Pankaj Jathar as the new Chief Executive Officer. Pankaj brings in over 25 years of expertise and experience in leading global corporations in eCommerce, consulting and technology solutions, including Accenture and Amazon. In the quarter, the company also launched its advanced technology programs including specialized programs for Digital Architects aimed at senior technology leaders in GSIs & GCCs. In addition, the company rolled out a unique initiative to help large Indian Enterprises adopt GenAI across their organizations. Rajendra S Pawar, Chairman and Co-Founder, NIIT Group, said, “NIIT continues to do pioneering work in creating future-ready talent across pivotal job roles in Technology & BFSI sectors. I am particularly excited about our initiative to help large Indian Enterprises adopt GenAI to achieve competitive advantage.” Result PDF
IT Training Services company NIIT announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Q4 Revenue at Rs 743 million, up 24% YoY EBITDA at Rs 13 million, vs. EBITDA loss of Rs 95 million LY Profit After Tax (PAT) at Rs 112 million, vs. loss of Rs 94 million LY FY24 Financial Highlights: FY24 Revenue at Rs 3,035 million EBITDA at Rs 48 million; EBITDA margin up 129 bps YoY Profit After Tax (PAT) at Rs 384 million, vs. Rs 32 million LY EPS of Rs 2.85 vs. Rs 0.24 LY Vijay K. Thadani, Vice Chairman and Managing Director, said, “The business has responded with agility to the IT hiring freeze with alternate growth strategies which resulted in getting back on the path of growth in Q4. We have received very encouraging response from our customers for adoption of GenAI in improving productivity. We are very excited about the opportunities emerging out of integrating GenAI towards outcome-based learning.” Rajendra S Pawar, Chairman and Co-Founder, NIIT Ltd said, “We remain committed to empowering individuals and building a future-ready workforce. The results showcase the impact of our tailored programs and strategic investments in areas like Generative AI and new-age skills. This empowers individuals at all career stages to thrive.” Result PDF
IT Training Services company NIIT announced Q3FY24 results: Revenue: Q3 revenue stood at Rs 852 million, reflecting a growth of 5% QoQ from Rs 814 million. EBITDA: EBITDA for the quarter reached Rs 78 million, a notable increase from Rs 22 million in Q2, showing a QoQ increase of Rs. 56 million. EBITDA Margin: The EBITDA margin improved significantly to 9%, an increase of 646 basis points QoQ, and rose by 55 basis points YoY (year-over-year). Profit After Tax (PAT): PAT increased to Rs 144 million, which was a 35% rise QoQ from Rs 106 million. Vijay K Thadani, Vice Chairman & Managing Director, NIIT, commented, “We are expanding in BFSI and increasing penetration across GCCs. We continue to see sequential recovery in business despite the ongoing hiring freeze in the technology sector.” Rajendra S Pawar, Chairman and Co-Founder, NIIT Group, said, “At NIIT, we believe in empowering individuals to realize their true potential, and the results demonstrate our contribution to shaping a skilled and capable workforce for the future. We are investing in new offerings across AI and other new age skills that are expected to lead to aspirational careers for both early career and working professionals.” Result PDF
IT Training Services company NIIT announced Q2FY24 results: 1. Financial Performance - NIIT Limited recorded a Net Revenue of Rs 814 million in Q2FY24, representing a 30% QoQ growth. - EBITDA for the quarter stood at Rs 22 million, compared to a loss of Rs 64 million in Q1FY24. - Profit After Tax was Rs 106 million, showing a significant improvement over the Rs 22 million in Q1FY24. 2. Enrolment Growth - The growth in enrolments was driven by StackRoute, TPaaS, and BFSI programs, contributing to a 69% QoQ increase. - The company continues to expand its reach across Technology and BFSI sectors, attracting more learners. 3. Dividend Announcement - NIIT Limited declared an interim dividend of Rs 0.50 per share, with a record date of November 10, 2023. 4. Incorporation of AI and Special Programs - NIIT integrated Generative AI into its Full Stack Software Engineering, Data Science, and Digital Marketing programs. - The company introduced special programs in AI to equip learners with the necessary skills for evolving job roles. 5. Relaunch of Post Graduate Programme - NIIT relaunched its Post Graduate Programme in Banking and Finance – Sales and Relationship Management, tailored to industry needs. - The program aims to transform fresh graduates into confident Banking and Finance professionals and offers placement assistance. 6. Recognition and Awards - NIIT was honored as the Best Education Brand of 2023 at The Economic Times Best Education Brands awards and summit. - NIIT Sales & Service Excellence won the 'Most Impactful Sales L&D; Platform' award at the 3rd Sales L&D; Vision and Innovation Summit. 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.” 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.” Result PDF
IT Training Services firm NIIT announced Q1FY24 results: The company recorded a net revenue of Rs 625 million, up 4% QoQ and down 33% YoY. EBITDA was Rs (64) million as compared to Rs (95) million in Q4FY23 and Rs 1 million in Q1FY23. Profit after tax was Rs 22 million as compared to Rs (94) million in Q4FY23 and Rs (65) million in Q1FY23. Commenting on the demerger, Rajendra S Pawar, Chairman and Co-Founder, NIIT Group said, “The successful demerger enables NIIT to dedicate its focus on becoming talent builder for the nation. AI and other disruptive technologies are leading to massive transformation across industries. We are experiencing an increased demand for deep skilling in new age skills including AI, Digital Architect, ER&D;, and Cybersecurity, among others.” Vijay K Thadani, Vice Chairman & Managing Director, NIIT commented, “Despite the challenging environment, we have arrested the decline in Q1 and grew on a QoQ basis. We expect to see strong growth in Q2 and the rest of the year, driven by the significant mandates received for training especially in BFSI and advanced technology programs. Our robust balance sheet enables us to invest in both organic and inorganic initiatives to take advantage of the opportunities." Result PDF