| |
 Q3 (Oct-Dec 2023) |
|
| Insight@NIIT:Vol 61 |
|
| Investor Communication |
|
|
|
|
| |
 |
|
|
| |
|
|
 |
|
| |
|
|
|
| |
| |
|
|
| NIIT Learning Systems Limited announces Q3 FY24 (October-December 2023) Results |
|
|
|
| |
|
 |
| Other Highlights of the quarter: |
|
 |
Revenue at Rs. 391.3 Cr, up 3% QoQ in Constant Currency |
|
EBITDA at Rs. 93.4 Cr, EBITDA margin at 24% |
|
PAT at Rs. 56.8 Cr, up 23% YoY and up 21% QoQ |
|
Added two new MTS Customers; MTS customer tally at 86; Revenue Visibility at USD 348 millon |
|
|
Note: Results include impact of inorganic activity and the demerger of NLSL from NIIT Limited. |
 |
| Note: Results include impact of the demerger of NLSL from NIIT Limited from April 1, 2022 |
|
New Delhi, January 31, 2024: NIIT Learning Systems Limited a global leader in managed learning services announced the results for the third quarter ended December 31, 2023.
The consolidated Net Revenue recorded by the company during this quarter is Rs 391.3 Cr, up 8% YoY. EBITDA was Rs. 93.4 Cr, up 8% YoY. EBITDA Margin stood at 24% and Profit After Tax was Rs. 56.8 Cr, up 23% YoY, resulting in an EPS of Rs. 4.2; both PAT and EPS are up 23% YoY.
During the quarter, NIIT MTS added two new MTS customers. In addition, the company maintained its track record of 100% renewals with four renewals during the period. At the end of the quarter, the company has 86 active MTS customers with a revenue visibility of USD 348 million.
In the quarter, NIIT MTS earned 19 Brandon Hall Excellence in HCM technology awards jointly with customers including 18 gold awards, and one silver award. NIIT MTS also earned a Net Promoter Score (NPS) of 9.08 on 10 from customers in its annual Voice of Customer survey. |
| |
| Quarter Highlights |
|
NIIT MTS earned 19 Brandon Hall Excellence in Technology awards for 2023, including awards won jointly with Bank of America and Metlife. |
|
NIIT MTS was accredited a Gold Standard Learning Provider by The LPI (Learning and Performance Institute) for 2023. NIIT MTS earned this accreditation for the eighth consecutive year. |
|
NIIT MTS was named to Training Industry, Inc.'s 2023 list of Top 20 IT & Technical Training Companies for the fourteenth year. |
|
The NIIT MTS Consulting team and St. Charles Consulting Group launched their comprehensive Skills-Based Organizations (SBOs) research report featuring a groundbreaking Skills-Based Talent Strategy Framework® to help organizations transform their approach to talent and operations. |
|
| |
 |
|
|
|
| |
|
 |
|
|
|
| |
|
|
|
| |
| |
|
|
| NIIT Limited announces Q3 FY24 (October-December 2023) Results |
|
|
|
| |
|
|
|
Q3 Revenue at Rs. 852 million, grows 5% QoQ |
|
EBITDA at Rs. 78 million, EBITDA margin at 9%, up 646 bps QoQ and up 55 bps YoY |
|
Profit After Tax at Rs. 144 million, up 35% QoQ |
|
| |
 |
| Note: Results include impact of the demerger of NLSL from NIIT Limited from April 1, 2022 |
|
New Delhi, February 02, 2024: NIIT Limited a leading skills & talent development corporation, today announced its financial results for the third quarter ended December 31, 2023.
During the quarter, the company recorded Net Revenue of Rs. 852 million, up 5% QoQ and down 9% YoY. EBITDA was recorded Rs. 78 million as compared to Rs. 22 million in Q2 FY24. Profit After Tax was Rs. 144 million as compared to Rs. 106 million in Q2 FY24 and Rs. 143 million in Q3 FY23.
During the quarter, the company provided training for over 10,000 employees of prominent private banks and financial services companies. The company is also working with several customers to train and equip their workforce on Gen AI skills and working with some of them to build organization-wide learning paths focused on Gen-AI.
In Q3, NIIT’s wholly owned subsidiary, RPS Consulting announced partnership with ServiceNow, leveraging unique expertise to extend ServiceNow solutions to more organizations and markets. The company also entered a partnership with OffSec, to deliver cutting-edge cybersecurity solutions and empowering organizations with advanced security expertise. |
| |
 |
|
 |
|
|
|
| |
|
|
|
|
|
|
| |
|
| |
|
|
| Environment Scan |
|
|
|
| |
|
|
| |
|
|
|
|
| |
|
|
|
| |
| |
|
|
| Snap for Industry Stories: |
|
|
|
| |
 |
|
| |
|
|
|
|
