Q4 EBITDA grows 85% YoY
Quarter 4 highlights:
NIIT Limited: Q4 (Jan- March, 2014)*
Consolidated Financials (in
Cr) for Quarter ended March 31, 2014
March 31, 2014
March 31, 2013
(*All comparisons are on a like to like basis, excluding pass through revenues)
FY 2013- 14 highlights:
Consolidated Results for FY 2013-14*
Consolidated Financials (in
Cr) for Year ended March 31, 2014
New Delhi, May 21, 2014: NIIT Limited, leading Global Talent Development Corporation today reported its results for the fourth quarter ending March 31, 2014. During the quarter, the company recorded a Net Revenue of Rs. 232.9 Cr, up 5% YoY with a PAT of Rs. 14 Cr, up 415% YoY. For the full year, the Company's Net Revenue stood at Rs. 951 Cr and the PAT was recorded at Rs. 17.8 Cr.
The results were taken on record at the meeting of the Board of Directors here today. The Board also proposed a dividend of 80% i.e Rs. 1.60 on each equity share of face value Rs. 2 each.
During the financial year 2013-14, NIIT announced a breakthrough initiative
'Cloud Campus', aimed at redefining the education landscape by making available new-age skills, to students across the breadth of the country. The extended range of training offerings in IT, Banking, Global Finance, Management, Digital & Social Media Marketing under
Cloud CampusTM are aimed at transforming learners into first-day first-hour industry-ready professionals.
Reaffirming its dominant position in the training industry, NIIT received 'Top Training Company Award 2013' for the 20th year in succession by leading IT journal, Dataquest during the quarter.
Commenting on the Company's new launch,
Mr Rajendra S Pawar, Chairman, NIIT Limited said, "Our new GNIIT program, which now has many options beyond IT, can be customized by every student"
Recently, NIIT launched
'ReVOLUTION GNIIT'- a path-breaking GNIIT program that maximises career opportunities for class XII and college students by offering a range of future-ready courses in -Banking and Finance,
Digital Marketing and Social Media,
Cloud & Mobile Software Engineering,
Big Data and Business Analytics,
e-Commerce & Business Administration and
Cloud Computing & IT Management. For the first time ever, this offers students the flexibility to choose options from a range of multiple new-age career programs, aligned to the evolving needs of the knowledge economy.
Career Building Solutions (CBS) recorded net revenue of Rs. 82.4 Cr during the quarter, backed by a growth of 16% YoY growth in Non Tech revenue in Q4. The pioneering Cloud campus initiative has now expanded to cover 96 courses, across 211 centres. Cloud Campus enrolments increased by 6,500 in Q4, taking the cumulative number of enrolments to around 60,000.
NIIT Institute of Finance and Banking placed 8,407 students in FY 14, recording a growth of 42% in Banking placements during the year.
During the quarter, NIIT Imperia launched
Post Graduate Certificate Program in Brand and Advertising Management in collaboration with Indian Institute of Management - Tiruchirappalli. The program aims to give new insights into the importance and value of strongly differentiated brands and how brand and advertising can be used to build strong and enduring businesses.
Corporate Learning Solutions (CLS) recorded net revenues of Rs. 107.6 Cr, up 41% YoY during Q4.
Mr Vijay K Thadani, Chief Executive Officer, NIIT Limited said,
"The Corporate Training Business recorded fresh order intake of USD 21.8 Mn in Q4, up 52% YoY, reflecting strong customer confidence."
School Learning Solutions (SLS) registered net revenue of Rs. 41.7 Cr during the quarter, with a robust order intake of Rs. 55 Cr in Q4 from non government schools.
During the quarter, NIIT NGuru unveiled
Math Lab Plus, integrating interactive content into Math Labs. NIIT also trained 9,029 teachers and school principals on CCE, (Continuous and Comprehensive Evaluation) and leadership training across the country, as an empanelled member of CBSE (Central Board of Secondary Education), during FY 14.
Mr P Rajendran, Chief Operating Officer, NIIT Ltd said,
"NIIT signed up 371 new schools during the quarter, to offer exciting technology and multimedia based education. The new NGuru solutions strengthened NIIT's leadership position, thereby registering a growth of 78% YoY in new schools added, with a growth of 115% YoY in order Intake, during the quarter."
NIIT's vocational skills training initiative -
NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) continued to gain momentum, expanding its reach to over 50 locations with more than 16,000 students trained, since commencement.
Other acknowledgements and milestones during the year:
Established in 1981,
Limited, a leading Global Talent Development Corporation, offers learning and knowledge solutions across 40 countries. Leading IT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of this category.
NIIT's training solutions in IT, Banking, Finance and Insurance, Knowledge Process Outsourcing (KPO), Business Process Management (BPM), Executive Management Education, Vocational Skills, School Learning Solutions and Communication and Professional Life Skills has impacted over 35 million learners since inception.
NIIT's Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT –
for IT professionals. The company has introduced "India's first cloud campus", through its new-age GNIIT program. This offers students a higher mobility as they can access courseware using Netbooks to connect seamlessly to NIIT's
Cloud Campus network.
Corporate Learning Solutions offers Managed Training Services including integrated learning solutions (strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.
NIIT YuvaJyoti, a joint venture between NIIT and NSDC, offers vocational skills training programs to enhance employability of youth across India.
NIIT has provided computer-based learning to around 15,000 Government and private schools. The futuristic
range of learning solutions for schools comprises Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education Resource Planning software).
NIIT Imperia - Centre for Advanced Learning, offers Executive Learning Programs in association with leading Business schools in India, KPMG, Google India and Internet and Mobile Association of India (IAMAI), using the synchronous learning platform.
NIIT Institute of Finance Banking & Insurance (NIIT IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance. NIIT Institute of Process Excellence Limited, a NIIT-GENPACT venture (NIIT Uniqua), offers complete training outsourcing services to the Business Process, Knowledge and Technology Services industry to create business models that enhance productivity and lower costs.
In recognition of its people centric policies, which foster an environment of growth and career development, NIIT has been ranked as the 4th
Best company to work for in India 2013-14, by Great Place to Work Institute®.
For media queries, please contact:
Vice President, Corporate Communications & Marketing, NIIT Limited
+91 9910201085, (Dir)
+91 124 4293041
Sumana Bhattacharya/Niharika Sneha
Ph: (Cell) +91 9810597176/ 8800861353
Investors may contact:
Kapil Saurabh, NIIT Limited, Ph (Cell)
+91 9899117793, (Dir)
+91 124 4293324
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