NIIT Limited Q2 (July-Sept) Consolidated Results
2006-07
|
NIIT Limited Consolidated
Financials at a Glance (in Rs. Crore) |
|||
|
|
Qtr ended |
Qtr ended |
Growth YoY |
|
Global System-wide Revenues |
194.0* |
321.3 |
66% |
|
Net Revenues |
124.1 |
203.1 |
64% |
|
Operating Profit |
17.5 |
23.8 |
36% |
|
Profit After Tax |
13.2 |
16.1 |
23% |
The
company posted an Operating Profit (EBITDA) of Rs. 23.8 crore,
representing a 36% YoY growth as compared to Rs. 17.5 crore in the
corresponding quarter last year.
NIIT
Limited and its subsidiaries have recorded a consolidated net profit of Rs. 16.1 crore, a growth of 23% YoY. This has resulted in a basic EPS of Rs. 8.3 per share of Rs. 10 each.
Commenting on NIIT’s Q2 performance, NIIT
Chairman Mr. Rajendra S. Pawar
said, “NIIT’s 66% growth is driven by strong
increase in the existing Individual and Corporate businesses, new products and
the recent acquisition.”
The company’s
Individual Business recorded a 46% YoY growth in
revenues, with GNIIT enrolments going up by 98%.
Commenting
on the success of the new software engineering programmes
to prepare individual learners for IT careers, Mr. P. Rajendran,
Chief Operating Officer said, “Over 30,000 engineering and computer science
students enrolled at NIIT this quarter.”
NIIT recently acquired Element K, a leading provider
of learning solutions in
Order
intake in Corporate Solutions Business, excluding Element K, grew by 33% YoY. With a fresh order intake of US$ 12.9 million the
pending order book increased to US$ 37.5 million; of this 63% is executable
over the next 12 months.
In
addition, Element K contributed 26% of the total revenue at Rs.
53.7 crore.
Mr. Vijay K. Thadani, Chief Executive Officer,
NIIT Limited said, “At nearly US$ 250 million size, NIIT together with
Element K, is now the first and the best choice for comprehensive learning
solutions, worldwide.”
The
results were taken on record at the meeting of the Board of Directors of NIIT
Limited here today.
3 New Businesses launched
During
the quarter, NIIT launched three new businesses in the rapidly emerging
services sector. These included NIIT
Imperia, Centre for Advanced Learning to provide Executive Management
Education Programmes in association with Indian Institutes of Management at Ahmedabad,
The NIIT Institute of Finance,
Banking and Insurance (IFBI), with equity participation from ICICI
Bank, will prepare skilled professionals for the financial services sector. The
company has initially set up specialised NIIT Imperia
and IFBI centres in
The third business, NIIT
Litmus, offers assessment
and proficiency testing services for catalysing large
scale-recruitment in the IT and ITES space.
NIIT Litmus centres have been set up in
Bags Dataquest Top Training
Company Award
Leading IT magazine Dataquest has conferred upon NIIT the ‘Top Training Company Award 2006’ for
further strengthening its leadership position in the Indian IT training
industry. NIIT is now nearly 1.5 times bigger than the combined revenues of the
next 4 players put together and has widened the winning gap by becoming 3.72
times the size of the No 2 player.
* Previous period figures have been recast for comparative purposes
About NIIT
NIIT,
Rated
among
In the
Corporate Solutions Business, NIIT’s offerings are
bolstered by its SEI CMM Level5 assessed learning services capability. The
Corporate Solutions Business offers integrated learning solutions that include
strategic consulting, learning design, content development, learning delivery,
learning technology services and learning administration.
NIIT’s customers include many Fortune 500 companies, universities, technology companies, training
corporations and publishing houses.
For more details, media may contact:
Investors
may contact:
Chetna Khuller, NIIT Ltd, Ph: +91 124 4293335; Fax: +91 124 4293333; Email: chetnak@niit.com