Conference Call with NIIT Ltd. Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with NIIT Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Training services company NIIT announced Q3FY23 results: Q3FY23: Q3 Revenue at Rs 454.6 crore, up 18% YoY, 16% QoQ Records EBITDA at Rs 90.8 crore, up 10% YoY, 62% QoQ; Profit After Tax of Rs 55 crore Corporate Learning Group (CLG) records revenue visibility of USD 321 Million with 71 MTS customers Acquires US based St. Charles Consulting Group LLC (St) a leading provider of strategic learning solutions to top tier global professional services & management consulting firms. Commenting on the results, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "In the midst of an uncertain macroeconomic environment, NIIT further strengthened its market position by recording a revenue growth of 16% QoQ and 18% YoY. "The acquisition of St. Charles Consulting Group is aligned with NIIT's stated strategy to deploy its growth capital for the purpose of expanding its capability set and accessing new market segments.", added Mr. Thadani. Result PDF
IT training service company NIIT announced Q2FY23 results: Q2 Revenue at Rs. 392.2 crore, up 24% YoY Records EBITDA at Rs. 56 crore and Profit After Tax of Rs. 39.6 crore Skills & Careers Group (SNC) revenue grow 119% YoY Corporate Learning Group (CLG) added 3 MTS customers and signed 3 renewals: Records revenue visibility at $305 million Commenting on the results, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "In the backdrop of a turbulent macro environment, the overall revenue growth and new contract additions while maintaining a 100% renewal track record, demonstrates the trust NIT enjoys amongst its global customer base." "The recent investment in KNOLSKAPE is in line with NIT's stated strategy to deploy its growth capital for expanding its capability set and strengthen its market position", added Mr. Thadani. Commenting on the quarter performance, Sapnesh Lalla, CEO and Executive Director, NIIT Ltd. said, "With multiple industries facing transformation, talent continues to be the key criteria for success for most Jarge organizations and we continue to see a strong growth opportunity in both CLG and SC businesses." Result PDF
IT Training Services firm NIIT Announced Q1FY23 Result : Q1 Revenue at Rs. 404.8 Cr, up 34% YoY, 8% QoQ. EBITDA at Rs 74 Cr, up 5% YoY, with 18.3% EBITDA Margin Profit After Tax of Rs. 44.3 Cr; EPS at Rs 3.3 Corporate Learning Group (CLG) revenue grows 18% YoY; Adds 4 MTS customers and records revenue visibility of $ 304 Mn Commenting on the results, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, “In face of increasing global uncertainty and rapid macro-economic changes, NIIT continued its growth momentum resulting in a strong revenue growth of 8% QoQ and 34% YoY.” Result PDF