Q4 (Jauary-March 2019)
Insight@NIIT:Vol.42
Investor Communication
Contents
 
   
   
     
 
   
Contentss
 
 
Q3 Results
     
     
 
   
NIIT Limited declares Consolidated Results for Q4 and Financial Year 2018-19
 
 


 

 

 

 

 

 

 

 


Vijay K Thadani
Vice Chairman & Managing Director, NIIT Limited
 
"The Company witnessed a profitable FY19 with PAT growing at 38% YoY, led by Corporate Learning Group (CLG) which delivered a strong revenue growth of 22% for the year."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Sapnesh Lalla
Chief Executive Officer
NIIT Limited
 
"Corporate Learning Group (CLG) added 9 new logos, expanded its contracts with 5 customers and renewed 2 contracts in FY19. The key initiatives of the India business, StackRoute and TPaaS continued to show momentum."

 

 

 

 

 

  • FY19 PAT recorded at Rs. 86.4 Cr, up 38% YoY; Revenue at Rs. 910.2 Cr.
  • Q4 PAT at Rs. 23.2 Cr on a Revenue of Rs. 239.7 Cr.
  • Corporate Learning Group (CLG) grows 22% YoY during FY19; CLG revenue visibility grows 12% YoY to $245 Mn


NIIT Limited, a global leader in skills and talent development, today reported its results for FY 19 and fourth quarter ending March 31, 2019.

Financial Year 2018- 19 highlights:


Quarter 4 FY19 highlights:

For the full year, the Company's Net Revenue stood at Rs. 910.2 Cr, up 7% YoY and Profit After Tax was recorded at Rs. 86.4 Cr, up 38% YoY. During the quarter, the company recorded a Net Revenue of Rs. 239.7 Cr, up 8% YoY, EBITDA margin of 10% and a Profit After Tax of Rs. 23.2 Cr, up 18% YoY.

The results for FY19 were taken on record at the meeting of the Board of Directors today.

Also, the Board took note of the Closing of the transaction for sale of NIIT's stake in NIIT Technologies Limited. The transaction was closed on May 17, 2019 after necessary approvals. NIIT Ltd. received gross proceeds of Rs. 2020.4 Cr. in cash on Closing.

The Board constituted a committee to make recommendations for utilization of proceeds for rewarding shareholders in the most efficient and judicious manner, subject to statutory limits and necessary approvals, and after providing for transaction related costs, taxes, retirement of debt, growth capital and a prudent Indemnity reserve.

The committee shall provide its recommendations to the Board prior to the declaration of audited results for Q1.

In the meanwhile, given the improving performance of the business and the liquidity event, the Board proposed a Dividend of Rs. 5 per share which amounts to 250% of face value of each share.

Business Highlights:

Corporate Learning Group (CLG) recorded revenues of Rs. 158.8 Cr, up 9% YoY during Q4. It signed 5 new MTS contracts in Q4, taking the total number of MTS customers to 46.

Full year revenue for CLG was recorded at Rs. 632.4 Cr, up 22% YoY. Revenue visibility stood at $245 Mn up 12% YoY.

During this fiscal year, NIIT entered into a five year Learning and Development agreement with Pitney Bowes. Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Under this landmark agreement, NIIT will deliver a comprehensive L&D portfolio of managed training services for Pitney Bowes including learning consulting, demand management, design and development, learning delivery, administration, technology support, and vendor management.

In FY19, NIIT entered into a managed learning services agreement with Signify (formally Philips Lighting) - for the delivery of strategic sourcing and vendor management services. Under this agreement, NIIT will be responsible for managed learning services which includes strategic sourcing of learning suppliers, contracting, quality control, performance management, and payment of vendors.

Skills & Careers Business (SNC) recorded Q4 net revenue of Rs. 62.9 Cr. Beyond IT contributed 41% to SNC's Q4 FY19.

For the full year, SNC recorded net revenue of Rs. 242.8 Cr.

During the quarter, NIIT announced 19th National Scholarship in Nigeria to reward meritorious students in Nigeria desirous of building successful careers in today's digital economy.

During the year, NIIT introduced first-of-its-kind strategic initiative - Talent Pipeline as a Service (TPaaS), to ensure reliable availability of specifically skilled talent to global organizations to match the pace of expansion in today's fast changing, uncertain business environment. Through this initiative NIIT will train around 1,00,000 youth in 3 years for aspirational career opportunities in leading corporates in the IT & BFSI sectors.

In FY19, NIIT announced the launch of series of aspirational Career Programs guided by the choices of the industry to address the changing workforce needs that digital transformation has brought forth.

MindChampion Learning Systems Limited (MLSL) registered net revenue of Rs. 18 Cr during the quarter. In Q4 it added 523 school contracts and released new curriculum products in Maths, Science and English.

Full year revenue for MLSL was recorded at Rs 35 Cr. It added 761 school contracts during the year.

During the year, MLSL launched a new Math program in partnership Marshal Cavendish Education – a leading national and regional provider of K-12 educational solutions in Singapore. MLSL also organised Principals' Symposiums for principals from over 100 leading schools to highlight the importance of 21st-century learning skills in the school curriculum.

Other highlights of FY19:

  • NIIT earned 19 Brandon Hall Group HCM Excellence Awards 2018 jointly with customers
  • NIIT ranked among the Top 20 Training Outsourcing Companies by TrainingIndustry.com 2018 for the eleventh Consecutive Year
  • NIIT ranked among the Top 20 Companies in IT Training by TrainingIndustry.com– for the ninth year.
  • NIIT was recognised as 'Best Training Institution' at the 9th Indian Education Congress & Awards 2019
  • StackRoute recognized as 'Most Innovative Learning Partner for Enterprises' at Times Ascent - National Award for Excellence in Training & Development
  • StackRoute recognized as Leading Innovative Learning Partner for Enterprises by Dataquest Digital Leadership Conclave & Awards 2018
  • During the year NIIT held its flagship international customer conference – 'Confluence' in Orlando, USA and Goa, India. Focused on key imperatives for Learning & Development, the conferences attracted widespread participation from global thought leaders and CXOs from leading organizations.

 
     
     
 
   
NIIT recognised as 'Best Training Institution' at the 9th Indian Education Congress & Awards 2019
 
 

 


Bimaljeet Singh Bhasin,
President, Skills and Careers Business (India), NIIT Ltd.
 
"We are delighted to be recognised as the "Best Training Institution" in India. NIIT has been at the forefront of providing career related learning for close to 4 decades. This recognition will encourage us to further strengthen our commitment to create high impact learning and talent development programs for millions of individual and corporate learners".


NIIT Limited was recognised as the 'Best Training Institution' at the 9th Indian Education Congress & Awards 2019. The award was received by PVD Ravi Kiran, Sr. Vice President, Skills and Careers Business (India), NIIT Ltd. at a recent ceremony organized in New Delhi.

Indian Education Congress & Awards are organised by Franchise India every year, to bring forth future readiness conversations between educationists, EdTech innovators, investors, policymakers and academicians. It helps them to come together and drive discussions on how education practices in the changing society can be transformed by investigating ways to build education ventures, school partnership models, support edu-preneurs, and work with new ideas and innovations across the K-12 & Higher learning ecosystem.

Established in 1981, to help the nascent IT industry overcome its human resource challenges, NIIT has today grown to be a global leader in skills and talent development providing career related learning solutions to Individuals, Enterprises and Institutions in diverse areas including Digital Transformation, Data Analytics, Software Development and many other new-age career streams.

 
     
     
 
   
NIIT announces 14th National Industry Targeted Aptitude Test (NITAT)
 
 

 


Anurag Gupta,
Head, Career Education Business- India, NIIT Ltd.
 
"National Industry Targeted Aptitude Test is beneficial for both students seeking to identify their aptitude and the industry which is in the lookout for right talent. Being held for the 14th consecutive year, NITAT has evolved from being just an I.T. aptitude test to the one that assesses student's career readiness quotient across multiple domains. NITAT works as an important instrument for not only evaluating but also understanding potential next steps for aspiring professionals."


- Reaches out to more than 1 Million students over the past 14 years with new-age career options across multiple sectors

NIIT Limited announced the 14th edition of NITAT - to enable students and graduates to calibrate their potential and aptitude for careers across multiple sectors. NITAT 2019, will be simultaneously conducted by NIIT, in over 150 cities nationwide from 20th to 22nd January 2019.

Graduates as well as undergraduates from all streams can apply for this test. Students can register on https://www.training.com/DigitalCampaign/Campaign/Registration.aspx or by visiting the nearest NIIT centre.

According to India Skills Report 2019, hiring intent in 2019 is expected to be strongest after a gap of four years, on the back of bullish employment opportunities in Software & Hardware, Automotive and Travel and Hospitality sectors. While design and analytics jobs would be the most sought-after in the overall set, the demand would increase for almost all profiles especially specialist technologies in the space of AI/machine learning.

NITAT aims to address this growing need by identifying a ready talent pool for immediate absorption by the industry. The test has been designed as an objective test and assesses the behavioural and functional parameters of the students to provide an insight into their natural inclination to a specific career. Every student will receive a personalised score card. NIIT will also award up to 40% scholarship to the meritorious students.

NIIT's pioneering initiative NITAT was introduced in 2004 to enable graduates and students pursuing their studies in engineering, arts, commerce and science streams to gauge their aptitude for a career, identify skills further required, if any, and thus systematically charter their desired career options.

 
     
     
 
   
Department of Information Technology, Government of Meghalaya and NIIT host Convocation Ceremony for students under the 'Sponsored IT Program' project
 
 



Bimaljeet Singh Bhasin,
President, Skills and Careers Business (India), NIIT Ltd.
 
"We are delighted to partner with Department of Information Technology, Government of Meghalaya, to offer career focused training to the youth of Meghalaya. NIIT has been at the forefront of providing career related learning for close to 4 decades. This partnership will help create a talent pool of IT trained professionals in Meghalaya, armed with futuristic skill-sets aligned to the industry needs".


- 4775 youth from Meghalaya successfully completed NIIT's employability enhancing IT programs, under 'Sponsored IT program of Department of Information Technology, Govt. of Meghalaya' till date and 467 youth completed during this year .

Department of Information Technology, Government of Meghalaya in association with NIIT felicitated students from across Meghalaya who successfully cleared NIIT's cutting-edge certification programs as part of 'Sponsored IT program of Department of Information Technology, Government of Meghalaya', over the last one year.

The Chief Guest for the Convocation ceremony Shri M.R. Synrem, IAS,Commissioner & Secretary, Information & Technology Dept,Government of Meghalaya felicitated the students. The function was also graced by Ms Shakera Roy, Regional Head – East, General Manager, NIIT Ltd.

Speaking on the occasion Shri M.R. Synrem, IAS, Commissioner & Secretary, Information & Technology Dept, Government of Meghalaya said, "I take this opportunity to congratulate all candidates who have successfully cleared the training program. The training program was conceptualized with the objective to enhance the employability of youth in Meghalaya. With NIIT's proven expertise in training delivery, this initiative will help us to develop industry-ready professionals who will contribute significantly towards the development of IT sector in Meghalaya."

The project is an initiative of Department of Information Technology, Government of Meghalaya, and NIIT to enhance employability of youth in Meghalaya. So far 4775 youth from the state have successfully completed select programs under this project and have been awarded certificates from NIIT.

The students were trained in NIIT's cutting-edge programs such as Diploma in Finance & Accounting; Diploma in Business Systems & Information Management; Diploma in Hardware and Networking, Diploma in Computer application, Program in Managing Interconnected Network Devices and Network Administration and Server Fundamental. Successful and eligible candidates have been placed in leading corporate across India like Hyundai, Renault, Reliance Telecom, Cognizant, Aegis, TCS, Genpact, Infosys, Wipro, HSBC, Accenture, Airtel, TATA Indicom, HDFC Bank, Bajaj Capital, Concentrix Daksh Services India Private Limited, SBI Life, Innovsource Services Pvt Ltd., Bajaj Finance and many others.

At present, Meghalaya has a state-of-art NIIT centre at Shillong with internationally certified faculty who work towards creating a pool of industry ready professionals in the state. NIIT's selected career development programs also equip students with hands-on professional practice with a year-long internship that gives them an opportunity to work with leading IT organizations.

 
     
     
 
   
NIIT Dimapur organises Academia Meet for Management and Principals of Schools in Dimapur, Nagaland
 
 

Pardeep Narayanan,
Head, MindChampion Learning Systems Limited (MLSL),
 
"MLSL is playing a leadership role in building competencies for the future to meet the next level of academic and career excellence. We provide classroom solutions which are an amalgamation of technology and the traditional print medium, thus helping the schools in integrating 21st-century learning skills in the school curriculum. Through this meet, we aim to address the challenges faced by students in school and help the Management of schools to overcome these challenges."


- To help them take students to the next level of academic and career excellence using state-of-the-art learning solutions and services

NIIT Dimapur Centre organised an Academia Meet in Dimapur for Management and Principals of schools to help them take students to the next level of academic and career excellence on Tuesday, March 5, 2019.

Pradeep Narayanan, Head, MindChampion Learning Systems Limited (MLSL) talked about their holistic range of School Learning Solutions which aim to make the vital process of teaching and learning simpler. NIIT Nguru team conducted interactive talk sessions with Management and Principals of schools to help them take Dimapur students to the next level of academic and career excellence.

NIIT Nguru offers holistic range of School Learning Solutions that comprises Digital - Interactive Classroom; Labs - IT Wizard, Math Lab & English Lab; Books - Math Classic, English Classic, Science Classic & My pals are here; Assessments - Practice Plus and School Support solutions - Quick School, Career guidance & Counselling programs.

Recently MLSL launched "MY PALS ARE HERE" an engaging series based on Singapore teaching methodology. Introduced in association with Marshal Cavendish Education, the series has been designed to build a strong foundation of mathematics and strengthen a child's conceptual understanding of the subject.

NIIT Nguru also comprises Practice Plus - An academically designed online solution for K-12 that enables practice and assessment. It facilitates, effective diagnosis of students' strengths and weaknesses which empowers teachers to take informed decisions on students' progress.

 
     
     
 
   
NIIT Signs Managed Learning Services Partnership with Signify
 
 

Shubha Shridharan,
Head of Learning at Signify.
 
"We are thrilled to get started with our partnership with NIIT on sourcing learning opportunities; we believe this will further enhance the quality and optimization of our learning initiatives"


Sailesh Lalla,
Executive Vice President, Business Development at NIIT's Corporate Learning Group.
 
"We are excited to secure the contract with Signify as their Strategic Learning delivery partner and we look forward to the phased roll-out, starting with the Benelux region,"

NIIT Limited announced today it has entered into a managed learning services agreement with Signify (formally Philips Lighting) - for the delivery of strategic sourcing and vendor management services. The service will be phased roll-out starting with the Benelux region.

Signify (Euronext: LIGHT) is the world leader in lighting with recognized expertise in the development, manufacture and sale of innovative, energy-efficient lighting products, systems, and services. The company's purpose is to unlock the extraordinary potential of light for Brighter Lives and a Better World. Signify employs 32,000 people in 70 countries across all major regions of the world with lighting products, systems and services sold in 180 countries.

Under this agreement, NIIT will be responsible for managed learning services which includes strategic sourcing of learning suppliers, contracting, quality control, performance management, and payment of vendors.

 

 

 
     
         
   
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