Q4 Results






























Quarter 4 FY21
Q4 Revenue at Rs. 275.5 Cr, up 30% YoY, 9% QoQ; Q4 EBITDA margin at 25.2%
Q4 Profit After Tax at Rs. 46.5 Cr; records EPS of Rs 3.3
Corporate Learning Group (CLG) grows 34% YoY during Q4

FY21 Revenue at Rs. 949.5 Cr, up 7% YoY
FY21 EBITDA recorded at Rs. 175.3 Cr, up 106% YoY; FY21 EBITDA margin at 18.5%, up 888 bps YoY
FY21 Profit After Tax at Rs. 143 Cr; records EPS of Rs 10.1
CLG adds 9 Managed Training Services customers In FY21 taking the tally to 58 and revenue visibility to $ 287 Mn
Board recommends 125% Dividend at Rs. 2.5 per share


NIIT Limited reported its results for FY21 and fourth quarter ending March 31, 2021.


*Note 1: The results of previous year have been restated for a Like-to-Like comparison in accordance with Accounting Standards.


NIIT recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations.

During Quarter 4, the company recorded a Net Revenue of Rs. 275.5 Cr, up 30% YoY and 9% QoQ. EBITDA margin was recorded at 25.2%. Profit After Tax was Rs. 46.5 Cr.

For the full year, the Company's Net Revenue stood at Rs. 949.5 Cr, up 7% YoY. EBITDA margin was recorded at 18.5% and EBITDA at Rs. 175.3 Cr. up 106% YoY. Profit After Tax was Rs. 143 Cr.

The results for FY21 were taken on record at the meeting of the Board of Directors today. The Board recommended 125% Dividend at Rs. 2.5 per share.

Earlier in the quarter, the shareholders of the Company approved a proposal for buyback of up to 98.75 Lac equity shares at a price of Rs. 240/- per Equity Share. Post statutory approvals, the buyback offer was successfully completed in May 2021. The shares purchased under the Buyback have been extinguished. Post this buyback the outstanding shares stood at 132.47 million.

The Board announced the addition of two Independent Directors : Ms Sangita Singh, who brings three decades of global B2B experience at Wipro, Infosys and IBM, and Ms Avani Davda, with two decades of rich experience in Consumer Retail and business leadership at the TATA group, including in the role of CEO of the Tata-Starbucks JV. They shall join the Company w.e.f June 5, 2021 as Additional Directors till the forthcoming AGM when their appointments shall be taken up for approval by the shareholders.

Mr Sapnesh Lalla, who has been CEO of the company for almost four years now, is being elevated to the Board as Executive Director & CEO on approval by the shareholders in the forthcoming AGM. In addition, two Non-Executive Directors Udai S Pawar and Leher V Thadani will also join the Board after approval by the shareholders in the forthcoming AGM.

These important additions to the Board will also significantly enhance Board diversity in terms of competencies, domain experience, geography, gender and age.


Business Highlights:

Corporate Learning Group (CLG) recorded revenues of Rs. 235.3 Cr, up 8% QoQ during Q4. Full year revenue for CLG was recorded at Rs. 825.4 Cr, up 19 % YoY. Revenue visibility stood at $ 287 Mn.

During the year, CLG signed 9 new MTS contracts in FY21, expanded contract with 5 customers, and renewed contracts with 12 customers. The total number of MTS customers stand at 58.

NIIT also developed templates and roadmaps to help L&D functions respond to the COVID-19 pandemic. NIIT's Adaptive Learning Research in association with Josh Bersin Academy involved in-depth conversations and surveys with more than 100 large global companies.

Skills & Careers Business (SNC) recorded Q4 net revenue of Rs. 40.2 Cr. up 12% YoY. For the full year, SNC recorded net revenue of Rs. 124.1 Cr.

The India business growth for the quarter was driven by NIIT digital platform and StackRoute business. During FY21 SNC has successfully transitioned its customers to the NIIT Digital platform and through this, learners are able to access their learning plans and all associated content and services digitally.

During the Quarter, Nokia and NIIT launched first-of-its-kind 5G certification program over a webinar with COAI to train and certify industry professionals in India, for a career in telecom and IT. To address demand for digital talent, NIIT launched deep-skilling programs in Full Stack Product Engineering, Data Science and Machine Learning, Enterprise Big Data Engineering, Cloud Computing & DevOps, Cybersecurity and Game Development.

During the year, NIIT announced a Post Graduate Diploma in Banking and Relationship Management leading to a career with Axis Bank in Relationship Management roles. The program is designed to build high quality talent for Axis Bank and is delivered by Axis Bank – NIIT Academy of Relationship and Wealth Management.

NIIT held the 4th India edition of its global customer conference - NIIT India Confluence from January 12-13, 2020. The 2-day exclusive virtual summit saw representation of 30+ speakers, 500+ delegates and 170+ organizations. Confluence India attracted widespread participation from CEOs, CHROs, Business Leaders, along with thought leaders from across the world coming together to deliberate on the conference theme - 'Accelerating Performance through Transformative Learning'.

During the Financial Year NIIT took effective measures to help preserve and protect the health of NIITians from the pandemic.


Other highlights of FY21:
NIIT was featured as the only company in Educational Services Industry, in the Fortune India 500 list 2020.
Rajendra S Pawar, Chairman & Co-Founder, NIIT Group & Founder, NIIT University was felicitated with the 'Lifetime Achievement Award' at Dataquest ICT Awards 2019.
P. Rajendran, Joint Managing Director & Co-Founder, NIIT Ltd. was felicitated with the prestigious IIT Delhi Alumni Award for Outstanding Contribution to National Development - Corporate Excellence.
In 2020, NIIT earned 30 coveted Brandon Hall Group HCM Excellence awards jointly with customers and 15 Brandon Hall Excellence in Technology awards jointly with MetLife.
NIIT was named a leader in NelsonHall's 2021 NEAT evaluation for vendors offering learning services.
NIIT was ranked among Training Industry's Top 20 companies for Learning Outsourcing, Content Development, and IT Training in 2020 as well as named to the Top 20 companies for Experiential Learning in 2021.
NIIT was accredited by the Learning and Performance Institute (LPI) for the fifth consecutive year and ranked among the Top 30 Highest Performing Learning providers in 2020 by the LPI.
NIIT won two coveted 2020 Learning Technologies Awards jointly with MetLife.
NIIT earned the Learning Impact award at the Learning and Performance Institute's Learning Awards 2021, jointly with MetLife.
















- To create Day 1 industry-ready StackRoute Certified Data Science professional

 StackRoute announced the launch of Data Science Foundation Program and Advanced Post Graduate Program (PGP) in Data Science and Machine Learning. 

The Data Science Foundation Program (Full time or Part time) will empower learners with foundational skills to analyze and visualize data using Excel and Python. Upon completion of all assessments, learners acquire the role specific knowledge & skills and gain the experience to meet the respective learning outcomes. The Advanced PGP in Data Science and Machine Learning (Full time or Part time) enables learners to join data science practice team and gain experience to grow up as Data Analyst or ML engineer or Jr. Data Scientist.

The programs are delivered virtually to learners who are keen to gain on-demand Data Science skills. Duration for the Data Science Foundation Program is 6 weeks while the Advanced PGP in Data Science has a duration of 18 weeks. For the part time mode, duration for these programs is 20-24 weeks and 40-48 weeks respectively.

Analytics Insight has forecast that by 2025, there will be 137,630 data science job openings in India, rising from 62,793 jobs in 2020. As Per LinkedIn, there has been a 650% increase in data science jobs since 2012. Today, most Data Science teams are looking for resources with solid foundation skills and with capability to take up any activity across the Data Science wavelength. It is critical to have the necessary skills to join data science team and be able to genuinely contribute as part of the data science practice teams.

On successful completion of the immersive programs, the learners will receive certificates by StackRoute and will also be provided with full placement assistance.

Over the past 5 years StackRoute has been committed towards delivering disruptive learning solutions, producing highly skilled and deployment ready talent in emerging tech and digital roles. Recently StackRoute was awarded with Brandon Hall Group HCM Excellence award 2020, jointly with a leading independent IT and business consulting services firm. The Gold medal has been awarded under the category - “Best Use of Blended Learning” for Graduate Transformation Program.

Additionally, StackRoute has won Brandon hall Silver award for ‘Best Results of a Learning Program’ jointly with the world’s leading engineering company in aerospace.

For more information about the program visit: https://www.niit.com/india/data-science/advanced-post-graduate-program-data-science-machine-learning-fulltime






















- Courses to be delivered by Axis Bank - NIIT Academy of Relationship and Wealth Management

- Designed to build high quality talent for Axis Bank in Relationship Banking Roles

NIIT Institute of Finance Banking and Insurance (NIIT IFBI), a subsidiary of NIIT Limited and India's leading Banking training institute announced fresh batch of Post Graduate Diploma in Banking and Relationship Management leading to a career with Axis Bank in Relationship Management roles. The course designed to build high quality talent for Axis Bank will be delivered by Axis Bank – NIIT Academy of Relationship and Wealth Management. 

Axis Bank and NIIT Institute of Finance Banking and Insurance (NIIT IFBI) entered into the exclusive partnership in May 2020 to launch the Axis Bank - NIIT Academy for building high quality talent for Axis Bank in Relationship Banking and Wealth Management Roles.

The world is witnessing rapid growth in high net-worth investors expecting superior advisory and bespoke relationship management services. Banks around the globe are focused on building Relationship and Wealth professionals with deep expertise in providing high quality services to clients.

The Academy is currently offering two programs: Program in Post Graduate Diploma in Banking and Relationship Management for graduates with 0 – 3 years of experience who will join as Priority banking – Relationship Managers in Axis Bank; a Certification program to upskill and reskill the existing Relationship Managers of Axis Bank. The programmes are a combination of campus training, Internship and on-the-job training to make future-ready banking professionals.

The batches of Post Graduate Diploma are successfully launched and the application window for this quarter’s batch will be opening shortly.

For more information please visit: https://www.niit.com/india/graduates/banking-and-finance/priority-banking-programme







NIIT Limited announced that it has won the Learning Impact award at the Learning and Performance Institute’s Learning Awards 2021, jointly with MetLife.

The top organizations and outstanding individuals in learning were honored on Thursday night (February 18, 2021) at the 25th annual Learning Awards. Presented by British TV and radio icon, Claudia Winkleman, and joined by an audience of thousands from across the globe, the 25th Annual Learning Awards was broadcast internationally in the style of a TV event, hosted live from a recording studio in London. The LPI constantly monitors the learning industry and continually adapts the Awards to ensure that success and innovation across all areas of learning are being recognized and celebrated.

John Kusi-Mensah, AVP, Global Distribution Academy at MetLife accepted the award on behalf of MetLife and NIIT. Speaking on the occasion he said, “We set out to transform the way people work, learn and perform.”



















NIIT Limited announced that it is introducing Nokia’s 5G certification program to help industry professionals and youth aspiring for a career in telecom and IT to realize the full business potential of 5G networks in India.

The launch was announced over an industry webinar - "Skilling Digital India for 5G: International Certification Program", organised by COAI (Cellular Operators Association of India) together with Nokia and NIIT Ltd. The Keynote address was delivered by Mr. R.K. Pathak, DDG (IC), DoT.

Senior Industry leaders who shared their views during the launch included – Mr. U K Srivastava, Sr. DDG, NTIPRIT; Mr. P K Bhatnagar, President, Jio Platforms; Mr. Sandeep Gupta, EVP, Network Strategy, Airtel; Lt. Gen Dr. S P Kochhar, Director General, COAI; Mr. Vikram Tiwathia, Deputy Director General, COAI; Mr. Sergio Fasce, Vice President, NokiaEDU; Ms Alison Burns, Head of Customer & Partner Learning, Nokia; Mr. Sanjay Malik, SVP & Head of India Market, Nokia; Mr Amit Aggarwal, CEO, IT-ITES Sector Skills Council, Nasscom; Mr. Sapnesh Lalla, CEO, NIIT Ltd. and Mr. Udai Singh, Chief Strategy Officer, NIIT Ltd.

Sergio Fasce, Vice President of Nokia EDU, said: “The companies and individuals who are best informed and equipped to recognize the opportunities of 5G stand to benefit most from this revolutionary technology and the critical networks they support. Nokia is excited to partner with NIIT and COAI (Cellular Operators Association of India) to bring 5G certification to individuals and organizations across India.”

Speaking on the occasion Lt. Gen. Dr. S.P. Kochhar, Director General, COAI said “Building out an extensive 5G network is a mammoth undertaking, but finding the workforce to make it possible is a challenge. Even finding people to update and maintain existing infrastructure is a substantial issue for many companies. This 5G Certification Programme is a wonderful initiative to guide businesses into the new world of next generation wireless technology. This programme covers the fundamental principles and the technical pillars of 5G along with the key business aspects that enable the learners to contribute towards the 5G strategy and planning initiatives”.

The Nokia Bell Labs 5G Certification Program is a first-of-its-kind program that offer professionals across the information and communications technology (ICT) industry two levels of certification – Associate and Professional – that deliver essential knowledge covering everything from the basics of 5G networks to professional level planning and design. The Nokia Bell Labs 5G Certification Program has been launched with its Associate Level Certification Foundation course, and will be followed by Professional level certifications and courses.

5G is the key to achieve India’s digital transformation and the government’s ambitious Digital India vision. It is expected to create a cumulative economic impact of $1 trillion in India by 2035, according to a report by a government-appointed panel. 5G will usher in novel business models enabling Telecom Service Providers to offer innovative applications to individuals and to different economic verticals from industrial, commercial, educational, healthcare, agricultural, financial and social sectors. 5G will power massive broadband applications and create unprecedented opportunities.

This vendor-agnostic certification program, built on the principles of Nokia Bell Labs’ pioneering Future X architecture for the 5G era, is designed for business and technology professionals at communications service providers and enterprises. By having their employees gain a greater understanding and proficiency in the application of 5G technologies, companies will benefit from faster realization of 5G strategies and the competitive advantage of providing high value 5G services.

Nokia’s momentum in 5G is underpinned by the company’s continued leadership in cellular technology R&D and standardization. In November 2020, Nokia announced it had declared more than 3,500 5G patent families (each family is composed of several individual patents) as essential for 5G. Driven by world-class innovations from across the organization, including the renowned Nokia Bell Labs, it has played a leading role in contributing technologies to 5G, pioneering many of the fundamental 5G technologies and also working with 3GPP to establish 5G standards and enabling the rollout of 5G networks globally.

For details on the program visit:


Website: Nokia Bell Labs 5G Certification Program website
Video: Marcus Weldon introduces the certification program



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