Q4 (January - March 2020)
Insight@NIIT:Vol 46
Investor Communication
Q4 Results
NIIT Limited declares Consolidated Results for Financial Year 2019-2020



















Vijay K Thadani
Vice Chairman & Managing Director, NIIT Limited
“Agile response and decisive strategic actions, resulted in containment of adverse effect and yet enabled the organisation to leverage the massive digital learning opportunity, through NIIT Digital.































Sapnesh Lalla,

“Since the latter part of Q4, the world has been facing an incredibly difficult situation due to the pandemic. I am proud of our teams, who worked round the clock to fully transform our offerings to the Digital mode in a matter of days. With Digital Learning becoming central, the resourcefulness and flexibility exhibited by NIITians has enabled us to service the changing needs of our customers and learners in these uncertain times. During the year, Corporate Learning Group added 14 new MTS customers and the revenue visibility stood at $263 Mn up 8% YoY.”

"Our technology based offerings such as NIIT Digital and Stackroute, have performed well in the financial year and are geared to serve the requirements of customers in the Covid-19 impacted world”,  






FY20 PAT recorded at Rs. 1327.5 Cr including gains on divestment of stake in NIIT Tech
FY20 Revenue at Rs. 889.2 Cr, up 3% YoY with EBITDA margin at 10%
Corporate Learning Group (CLG) grows 10 % YoY during Q4
Adds 14 MTS (Managed Training Services) customers in FY20, taking the revenue visibility to $263 Mn
Accelerates transformation for the next stage of growth through ‘NIIT Digital’
Board recommends 100% Dividend at Rs. 2 per share


NIIT Limited, a global leader in skills and talent development, reported its results for FY20 and fourth quarter ending March 31, 2020.


For the full year, the Company's Net Revenue stood at Rs. 889.2 Cr, up 3% YoY, EBITDA margin was recorded at 10% and the Profit After Tax was Rs. 1327.5 Cr.

During Quarter 4, the company recorded a Net Revenue of Rs. 211.2 Cr, and a Profit After Tax of Rs. 0.6 Cr. The Board noted that despite rapid and decisive actions by management, to counter the unprecedented impact of the pandemic, the financial results remained muted for the Quarter.

The Board also noted the strong liquidity position of the Company, and Cash balance of Rs. 1208.8 Cr at the end of the financial year.

The results for FY20 were taken on record at the meeting of the Board of Directors today. The Board recommended a final Dividend of Rs. 2 per share (100% of face value of Rs. 2 per share). This follows an interim Dividend of Rs. 8 per share declared in February, 2020. 


Business Highlights:

Corporate Learning Group (CLG) recorded revenues of Rs. 175.4 Cr, up 10% YoY during Q4. It signed 5 new MTS contracts in Q4, taking the total number of MTS customers to 54.

Full year revenue for CLG was recorded at Rs. 691.3 Cr, up 9 % YoY on a constant currency. Revenue visibility stood at $263 Mn up 8% YoY. CLG signed 14 new MTS contracts during the year.

During the quarter, the company completed buyback of 2.68 crore equity shares after approval from the shareholders of the company at Rs. 125 per share, representing approximately 16% of the total paid up equity share capital for an aggregate amount of Rs. 335 crore, exclusive of taxes.

During the quarter, in response to the COVID-19 pandemic, NIIT developed a set of actionable roadmaps, toolkits and packaged services to help Learning and Development (L&D) organizations minimize the disruption caused due to the accelerating impact of the crisis.

It launched 3 new products – Digital Assessment Services, Virtual Selling Skills, and Rapid Portfolio Digitalization. These products are designed to help L&D organizations take control and minimize disruption for the here and now and jumpstart digital transformation for a sustainable future.

In FY20, NIIT earned 37 coveted Brandon Hall Group HCM Excellence awards jointly with customers. The company was named a top winner for 2019.

Skills & Careers Business (SNC) recorded Q4 net revenue of Rs. 35.8 Cr. For the full year, SNC recorded net revenue of Rs. 197.9 Cr.

To ensure seamless delivery continuity during the period of high uncertainty, towards the end of Quarter 4, SNC transitioned its customers to the NIIT Digital platform. Through NIIT Digital, learners are able to access their learning plans and all associated content and services through an intuitive dashboard on connected Desktops/ Tabs/ Smartphones. They are able to attend LIVE Instructor-led classes by some of the best NIIT instructors, view recorded sessions, take quizzes, and interact with their instructors & peers, in addition to a host of other features.

NIIT launched the ‘Remote Work Excellence Kit’ course to support India’s fight against COVID-19. The online course has been made available absolutely free, to help facilitate remote working for adults.

StackRoute, launched ‘Post Graduate Program in Full Stack Product Engineering’ for fresh engineering graduates and young professionals. This is a remotely delivered virtual program, which transforms fresh engineering graduates into multi-skilled full stack product engineers, who are day one ready for live projects/product development.

During the Quarter, SNC added 2 large customers including a leading private bank and a global auto company. StackRoute and TPaaS (Talent Pipeline as a Service) continued to demonstrate growth during FY19-20.

In the fiscal year, NIIT announced the #FutureReadyTalent initiative and launched Future Fests, a pan-India connect program across 50 colleges in the country. The initiative aimed towards encouraging aspiring professionals to enhance their knowledge and skills through NIIT's future ready programs. NIIT collaborated with Automation Anywhere, a global leader in robotic process automation (RPA), to deliver comprehensive RPA workshops to developers, students and IT professionals across India.


 Other highlights of FY20:

NIIT bagged the ASSOCHAM Education Excellence Awards 2019 as the 'Best Innovative Brand' in the Education sector
StackRoute won the ‘Digital Transformation Learning Partner of the Year for Enterprises’ award at Digital Transformation Summit & Awards
NIIT won seven 2019 Brandon Hall Excellence in Technology Gold awards jointly with MetLife for MetLife Distribution Academy
NIIT earned the Learning Technologies 2019 Gold award for the Best use of social and collaborative learning technologies jointly with MetLife
NIIT ranked among the Top 20 Training Outsourcing Companies by TrainingIndustry.com 2019 for the twelfth consecutive year
NIIT named to 2019 Training Industry Top 20™ Companies in Content Development List for the ninth consecutive year
NIIT has been ranked among the 2019 Training Industry Top 20™ IT Training Companies by TrainingIndustry.com 2019
NIIT was selected as a 2019 Top 20 Gamification Company for the sixth consecutive year by TrainingIndustry.com.
NIIT was accredited and listed among the Top 20 Highest-Performing Learning Providers 2019 by the Learning and Performance Institute, UK
NIIT was identified as a “Leader” in NelsonHall’s NEAT vendor evaluation for Learning BPS, 2019
NIIT held the 3rd India edition of its international customer conference - NIIT Confluence – in Goa from November 13-15, 2019
NIIT won the ‘Vocational & Skill Development Training Institute’ award under Education Category at the 17th Franchise Awards 2019


NIIT Foundation organises ‘Beacon of HOPE’- A tryst towards bringing equal opportunity for the specially-abled











Sapna Moudgil,
Director, NIIT Foundation.

"To bring about a transformation for the specially- abled, it is important for the entire eco-system to come together towards this cause. The government, NGOs, corporates and educators need to work together to create and ensure the inclusion of PwD.”

- The event was a mix of panel discussions, success stories, experience sharing and demonstrations on technology inclusive education

NIIT Foundation, a not-for-profit education society organised ‘Beacon of HOPE’ – a tryst towards bringing equal opportunity for the specially abled, in New Delhi on 12th of February 2020. The day-long event was a mix of panel discussions, success stories, experience sharing and demonstrations on technology inclusive education. The key highlights were, a panel discussion on ‘Transformation towards Inclusive Education’ and a lively skit performed by the specially- abled students.

NIIT Foundation and Microsoft India have been working together on several projects to make the specially-abled digitally inclusive and employable. This event was organised to raise awareness of the role of technology to address the challenges emerging in this area.

The Beacon of HOPE event showcased Microsoft India and NIIT Foundation’s projects that are working towards making ‘digital learning’ accessible to thousands of underprivileged children and youth. The projects are designed to provide employability skills to these students and empower them to build a career for themselves.

Many stakeholders including government officials, NGOs, special educators and employment partners working in the area of disability were invited to this event. Ms. Juthika Patankar- IAS, Addl Secy, MSDE- Government of India was the Honorable Chief Guest. Other key guests included Ms. Manju Dashmana- CSR Lead Microsoft India, Ms. Ruma Roka- Founder, Noida Deaf Society, Mr. Manindar Singh Nayyar- Co-Chairman, Assocham India, Dr. Maneesh Mishra- Head, Sankalp, MSDE, Govt of India, Mr. Anup K Srivastava- CEO, SCPwD, P.Rajendran- Joint Managing Director, NIIT Ltd, and senior leadership from NIIT Foundation were also present at the event.

The key discussions during the event highlighted the efforts made by Corporates and NGOs in this direction, and the emerging demand for right training, environment & tools to make the specially-abled employable. Also, the need for government and corporates towards providing more placement opportunities.

The corporate stakeholders present at the event indicated, that the need for technology has always been there but projects like these showcase the realistic benefits of technology.

NIIT Develops Actionable Roadmaps and Toolkits to Help Learning and Development Organizations Minimize COVID-19 Impact










Sapnesh Lalla
Chief Executive Officer
NIIT Limited
“Many of our clients are worried about the mandatory training programs that are scheduled for the next few weeks. Many others are already in the midst of broader digital transformations and see this as an opportunity to accelerate the journey. NIIT’s learning professionals stand ready to help L&D organizations navigate the crisis. Initially, we’ll ensure that their short-term needs are covered to minimize disruption. Then, we’ll help organizations build a roadmap to sustainable digital transformation,”









The COVID-19 pandemic is an ongoing global crisis. NIIT Limited is first and foremost concerned for the victims of the disease, their families, and anyone else who is being adversely affected by this tragic outbreak.

As the situation continues to evolve, businesses around the world find themselves in uncharted territory as they scramble to manage through the crisis. This includes learning and development organizations who will have to make major changes in their delivery approach almost overnight.

In response to this unprecedented pandemic, NIIT Limited and its subsidiary, Eagle Productivity Solutions Inc. have developed a set of actionable roadmaps, toolkits and packaged services to help Learning and Development (L&D) organizations minimize the disruption caused due to the accelerating impact of the crisis.

These actionable plans and roadmaps have been designed to help L&D organizations take control and minimize disruption for the here and now and jumpstart digital transformation for a sustainable future.

 These resources are available at http://info.niit.com/covid-19 and have been designed to help L&D organizations:

STABILIZE: minimize disruption for scheduled training events in the here and now due to the abrupt implementation of work from home protocols and “social distancing”
NORMALIZE: rebuild and regain control once the immediate situation is stable by getting a plan together to help organizations normalize training delivery operations for the coming months.
EVOLVE: Sustain a digital future with a more flexible, digital learning ecosystem that is both more efficient and effective than currently prevalent models.

Visit http://info.niit.com/covid-19 for more information.

NIIT’s goal is to minimize any disruptions to scheduled work, training and deliverables to meet customer requirements, while ensuring the health and safety of its employees. To facilitate this, NIIT Limited has already enabled a work from home protocol for its employees. The company has also invoked business continuity management protocols for all customers and will continue to monitor the evolving pandemic situation and take necessary steps to ensure minimal disruption of scheduled customer deliverables.

NIIT Ltd. launches a free ‘Remote Work Excellence Kit’ to support the fight against COVID-19



Vijay Thadani,
Vice Chairman and Managing Director, NIIT Ltd.

“It is abundantly clear that the COVID-19 pandemic not only poses a massive health challenge, it will also lead to economic slowdown and a change in how businesses are conducted worldwide. In the immediate term, Work from Home is important to not only maintain social distancing but also as a means of keeping the economy ticking. Going forward, it has the potential to become a norm rather than an exception. I am glad that the NIIT team has been able to quickly develop this useful and timely Remote Work Excellence kit.”

“As a service to our nation and to contribute to the fight against COVID-19, we have made it free for all Indian nationals”,

NIIT Limited announced that it has specially designed and launched the NIIT ‘Remote Work Excellence Kit’ course to support India’s fight against COVID-19. The online course has been made available absolutely free on www.niit.com portal and will help facilitate remote working for adults.

The Remote Work Excellence Kit is suited for corporate executives, small and medium businesspersons, and management students. The online course covers areas such as how to set up a remote office, establishing a remote presence, setting up and running virtual meetings, time management while working from home, remote business etiquettes, and also best practices derived from NIIT’s experience of working with the best companies globally.

Sharing his thoughts on the kit, Mr Amit Aggarwal, VP & CEO, IT-ITES Sector Skills Council, NASSCOM said, “As companies are striving for business continuity, they are doing the best to support employees. With majority of the workforce working from home, flexible, virtual work arrangements isn’t all that employees need, to continue to do their jobs. They would also require some calibration & adjustments that can often pose some challenges too. NIIT’s ‘Remote Work Excellence Kit’ is a great resource that I see will enable employees to tackle and deal with the challenges of remote working and also help manage the associated stress that come along with it.”

When the aspirants log onto the course, they also get the option to contribute to the PM CARES Fund, which is enabled through the NIIT Foundation. The PM CARES fund has been set up by the Hon’ble Prime Minister of India, Shri Narendra Modi to provide relief to the victims of the COVID-19 pandemic. We want to clarify that the people opting for the course DO NOT need to pay any course fee to NIIT to complete the course. The contribution to the PM CARES fund is also optional.

The COVID-19 pandemic is an ongoing global crisis. NIIT Limited is concerned for the victims of the disease, their families, and anyone else who is being adversely affected by this tragic outbreak. The company will continue to monitor the situation and explore options to contribute in the fight against this pandemic.

Environment Scan


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