Q2 (July-September 2023)
Insight@NIIT:Vol 60
Investor Communication
Q2 Results
NIIT Limited announces Q2 FY24 (July-September 2023) results













Rajendra S Pawar 
Chairman and Co-Founder, NIIT Group 

“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

“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.”
















Q2 Revenue at Rs. 814 million, grows 30% QoQ with EBITDA at Rs. 22 million
Profit After Tax at Rs. 106 million versus Rs. 22 million LQ
StackRoute, TPaaS and BFSI contribute to 69% QoQ growth in enrolments
Company declares interim dividend of Rs. 0.50 per share
Note: Results include impact of the demerger of NLSL from NIIT Limited from April 1, 2022

NIIT Limited (Ticker Symbol: NIITLTD), a leading skills & talent development corporation, announced its financial results for the second quarter ended September 30, 2023.

During the quarter, the company recorded Net Revenue of Rs. 814 million, up 30% QoQ and down 13% YoY. EBITDA was recorded Rs. 22 million as compared to Rs. (64) million in Q1 FY24 and Rs. 24 million in Q2 FY23. Profit After Tax was Rs. 106 million as compared to Rs. 22 million in Q1 FY24 and Rs. 47 million in Q2 FY23.

The results were taken on record at the Board of Directors meeting. The Board also approved an interim dividend of Rs. 0.5 per share (25% on FV of Rs 2 per share). The record date for the dividend will be November 10, 2023.

During this quarter, NIIT Ltd integrated Generative AI in its Full Stack Software Engineering, Data Science and Digital Marketing programs and also introduced special programs in AI to equip learners with the new age skills required in today’s rapidly evolving job roles. The company also re-launched its Post Graduate Programme in Banking and Finance – Sales and Relationship Management with changes in curriculum as per the industry needs. The programme has been specially designed by NIIT IFBI to transform fresh graduates into confident Banking and Finance professionals. It also provides placement assistance to the  learners.

In this quarter, NIIT has also been recognized as Best Education Brand of 2023 at The Economic Times Best Education Brands awards and summit. This recognition has been conferred to NIIT for its commitment and contribution towards strengthening the upskilling and reskilling landscape through its innovative learning solutions.

Other Highlights of the quarter:
NIIT Sales & Service Excellence (SSE) won the ‘Most Impactful Sales L&D Platform’ award at the 3rd Sales L&D Vision and Innovation Summit.
Key developments at RPS Consulting, an NIIT subsidiary
  It continues to be recognized by its OEM partners for its quality of training and the strong impact it creates for its customers.
  It has been awarded the 2023 Google Cloud Training Partner of the Year Award for the Asia Pacific region.
  It has also been honored as one of the “Best Enterprise Partner of the Year - GLS India by Red Hat" for 2023.
For more information about NIIT visit: www.niit.com
NIIT Ltd integrates Generative AI into its Digital Marketing and Full Stack Software Engineering Programs








Pradeep Narayanan
President, NIIT Digital and Growth Initiatives, NIIT Limited

“At NIIT, we have always endeavoured to provide our learners with the most comprehensive and industry-relevant deep skilling solutions. The integration of Generative AI into our Digital Marketing and Full Stack Software Engineering programs underscores our unwavering commitment to keeping our learners abreast with industry-leading trends. We are encouraged by the government’s decision to step up digital skilling and strengthen focus on AI as part of the expansion of the Digital India Programme. As an organisation committed to building talent for the nation, we will continue to support learners in realizing their true potential by arming them with cutting-edge skills, thereby empowering them to be day one job ready”.











- This integration aims at providing more value to the learners while maintaining the overall program duration unchanged from its previous structure

NIIT Ltd announced the integration of Generative AI in its existing Digital Marketing and Full Stack Software Engineering programs. The inclusion of Generative AI is aimed at equipping learners with a competitive edge in today’s rapidly evolving job market thereby making them industry ready.

With the integration of Generative AI, these programs will now be known as the “Professional Program in Digital Marketing with a Generative AI Edge” and the “Professional Program in Full Stack Software Engineering with Generative AI Integration.” These programs have been upgraded while maintaining their existing pricing structure.

The “Professional Program in Digital Marketing with a Generative AI Edge” will present learners with an unparalleled opportunity to delve into the dynamic realm of digital marketing, enriched by the revolutionary capabilities of Generative AI.

The “Professional Program in Full Stack Software Engineering with Generative AI Integration” empowers learners to not only acquire essential full stack skills, but also gain proficiency in harnessing the power of AI to streamline coding processes, optimize system designs, and automate tasks.

Along with equipping the learners with the core skills, both above-mentioned programs will also train them to efficiently apply prompt engineering to become faster and more productive in their respective jobs.

For more details about the programs, please visit the links below:
Professional Program in Digital Marketing with a Generative AI Edge: https://www.niit.com/india/digital-marketing-program

Professional Program in Full Stack Software Engineering with Generative AI Integration: https://www.niit.com/india/software-engineering-program

RPS Consulting Private Limited wins 2023 Google Cloud Training Partner of the Year - Asia Pacific Award










Vijay Thadani
Vice Chairman and Managing Director, NIIT Ltd

“Talent needs of GCCs are evolving at a very rapid pace and RPS Consulting is actively enabling these organizations to stay ahead of the curve”.









RPS Consulting Private Limited, an NIIT Limited subsidiary, has been awarded the 2023 Google Cloud Training Partner of the Year Award for the Asia Pacific region. As a leading training partner for Google Cloud, it has been recognized globally for partner innovation, for delivering exceptional training and customer success with Google Cloud in 2022.

“Congratulations on this fantastic recognition of your outstanding partnership. We’re delighted to expand our collaborative efforts to help customers as they move along their digital transformation journeys”, said Dan Rush - Instructor Led Training Business Manager, Google Cloud.

“Google Cloud’s partner awards recognize the significant impact and customer success that our partners have driven over the past year," said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. "We're delighted to recognize RPS Consulting as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers."

As a Google Cloud Partner (GCP), RPS Consulting designed and delivered high impact outcome-based learning paths and training experiences for joint enterprise clients, during the year. These included infrastructure modernization, networking, security, application modernization, machine learning, artificial intelligence and data analytics. The company has assisted several Google Cloud teams in helping customers assess their training gaps and engaged in sharing enablement programs on Google Cloud.

Prasad Balakrishnan, Co-Founder & Director, RPS Consulting, said, “We’re deeply honored and truly delighted to have won this prestigious award for the first time. This award is a validation of our capability to create innovative industry-leading learning solutions and deliver value driven customer experiences. We are committed to the Google partnership and look forward to further collaborations and achievements with Google this year and beyond”.


RPS Consulting Private Limited recognized as a Finalist of 2023 Microsoft Learning Partner of the Year_The Print_ August 2023

NIIT Limited Recognized as a Best Education Brand of 2023 at The Economic Times Best Education Brands Awards_UNI_July 2023
From 1980 to 2047—Time Lapse from NIIT’s lens_DataQuest_July 2023
Environment Scan


For further queries, please write to
or contact the Editor at- Swati.Sharma@niit.com

For more company updates follow us on :- Twitter:- https://twitter.com/niitltd
LinkedIn :- https://www.linkedin.com/company/niit-limited
Facebook :- https://www.facebook.com/NIITLimited/
Design Team:- Nisha Thomas, LSE-LC


Copyright © 2008 NIIT Limited