· Profit Before Tax
up 23% YoY ; Profit After Tax at Rs 69.8 Cr
· Annual System-wide
Revenue up 21% YoY at Rs 1689 Cr
· 4278 new schools
added with Order Intake of Rs 332 Cr, up 153% YoY
· Individual Learning
Solution-IT revenue up 23% YoY
· Board Recommends
Dividend of 65%
New Delhi, May 27,
2009: NIIT Limited,
leading Global Talent Development Corporation and Asia’s largest IT trainer, has
reported net revenue of Rs 1148 Cr, up 14% YoY for the year ended March 31,
2009. NIIT reported EBITDA of Rs 118.6 Cr, up 15% YoY.
After adjusting for depreciation of Rs 64.7 Cr and forex hedging
losses, Profit Before Tax is Rs. 49.3 Cr, up 23% over last year.
After adjusting for share of profit from associates and taxation,
Profit After Tax is Rs 69.8 Cr leading to an EPS of Rs 4.2 per share.
results were taken on record at the meeting of the Board of Directors of NIIT
Ltd here today.
The Board has also
proposed a dividend of 65%, Rs 1.30 per share
NIIT Limited :
Consolidated Financials at a Glance (in Rs
recorded system-wide revenue of Rs. 1689 Cr, a growth of 21% YoY. EBITDA
stood at Rs. 118.6 Cr, an increase of 15% over last
Commenting on the
company’s performance, Mr Rajendra S Pawar, Chairman, NIIT Limited said,
strategies yielded results in a challenging
The year saw NIIT
entering into a JV with Genpact to launch NIIT Uniqua, aimed at creating
talent pool for Business & Technology Services industry.
Extensive product innovation, with introduction of over 10
new products, improved the competitive position of NIIT.
Solutions (IT) recorded
23% growth in net
revenue at Rs 398.2 Cr supported by 19% growth in Career Revenue.
Operating margin grew by 123 basis points to 22% due to improved
product mix and growth in international operations.
Responding to the
changing market dynamics, NIIT launched "Job-ready"
career courses – intensive technology programs to make graduates job-ready in 99
This initiative has
been acknowledged by the recent Neilsen- Week Survey as being among the best
short duration job ready courses in the country.
NIIT is now CISCO’s
Learning Solution Partner for the Asia Pacific region offering certification
programs through its own network and CISCO partner centres. Expanding its
portfolio, NIIT with SAS Institute Inc., a global leader in
business analytics, introduced first-of-its kind
specialized curriculum in Business Intelligence.
NIIT together with global technology majors
including Pearson VUE, Adobe,
Intel and Microsoft added Web 2.0,
Multimedia curriculum and testing to its offerings.
expanded its reach by strengthening its presence in Vietnam, China and in
African countries such as Nigeria and Ghana.
37% growth in net revenue at Rs 138.3 Cr. Operating margin improved by 246 basis
points to 15% due to operating leverage on higher revenue.
its offerings with the launch of NIIT eGuru, a comprehensive school solution
with learning tools such as- Interactive Classroom, MathLab, IT Lab and
Education Resource Planning Solution. Smart Science
Station, a pioneering solution which integrates Science Labs with classrooms and
NIIT e-Guru Web & Multimedia Curriculum, based on Adobe Creative Suite of
Products were some of the other new product innovations.
recorded strong growth with orders from State Governments of Rajasthan, Bihar,
Maharashtra and Andhra Pradesh. The NIIT eGURU
range now comprises a holistic education package which addresses the needs of
all stake holders in school education”, said Mr. P
Rajendran, COO, NIIT Limited.
NIIT added 4,278
schools during the year taking the cumulative number of schools
serviced to 12,159.
The order intake
was Rs 332 Cr, up 153% YoY and the Order Book stands at Rs 325.5 Cr, up 147%
revenue of Rs 578.6 Cr.
During the year,
NIIT added new customers for Learning Products and Training Outsourcing in US,
UK and India including Genpact and DELL Corporation.
In the Government Sector, NIIT’s major initiatives include
e-learning for the Indian Armed Forces, ICT training programs for the Ministry
of Social Justice & Empowerment and the Income Tax Department’s Tax Returns
Preparers scheme which has been repeated for the second
Order intake during
the year was Rs 637.4 Cr taking the closing order book to
Rs 397.1 Cr , up 22% over last year.
- Finance & Management Training and NIIT
its offerings with the launch of Financial Education Program, five Executive
Management Programs, and Career Programs for
college students. NIIT Imperia further strengthened its offerings by launching
courses in association with IIM, Lucknow. NIIT Imperia now has relationships
with six premier B- Schools.
commenced operations across 12 centres with programs for Voice & Accent
Training, Finance & Accounts and IT
(Q4) Financial Results
NIIT Limited and
its subsidiaries reported system-wide revenue of Rs. 465.2 Cr, a growth of 22%
YoY, during the quarter. The company reported net revenue of Rs. 300.8 Cr, up
10% YoY and EBITDA of Rs 36.4 Cr, up
Learning Solutions (IT) grew 15%YoY to a net revenue
of Rs. 103.5 Cr while EBITDA grew to Rs 23.7 Cr, up 22% YoY.
Solutions recorded net revenue of Rs 44.2 Cr, a growth of 16% YoY and EBITDA of
Rs 8 Cr, up 83% YoY.
Solutions recorded net revenue of Rs 148.1 Cr, up 11% YoY and EBITDA of Rs 9.5
Cr, up 59% YoY.
NIIT and NIITians
added several achievements throughout the year.
leading Global Talent Development Corporation and Asia’s largest IT trainer,
offers learning and knowledge solutions to over 5 million students across 40
Leading IT magazine
Dataquest has conferred upon NIIT, the ‘Top IT Training Company’ award
successively for the past 15 years, since the inception of this category. Rated
among India’s Business Superbrands 2008, NIIT’s Individual Learning
Business offerings include industry-endorsed programs for students seeking
careers in IT - GNIIT, Edgeineers and Global Net Plus for IT
provided computer-based learning to over 12,000 government and private schools.
The futuristic NIIT eGURU range for schools is a holistic education package that
comprises of Interactive Classrooms (an embedded Teaching
Learning Material, that uses elements of interactivity, automation and web links
library); Math lab
that enable school students to learn and explore mathematical concepts);
Wizard (equips the students
with core computer knowledge and IT skills); and Quick
School (an Education Resource Planning solution for school
professionals, NIIT Imperia, Centre for Advanced Learning, offers
Executive Management Education Programs in association with Indian Institutes of
Management (IIMs) at Ahmedabad, Indore, Kolkata, Lucknow, IMT Ghaziabad and IIFT
NIIT Institute of
Finance Banking & Insurance (IFBI), formed by NIIT
with equity participation from ICICI Bank, offers programs for individuals and
corporates in Banking, Financial Services and Insurance.
Uniqua, Centre for
Process Excellence, addresses the increasing demand for skilled workers in the
business and technology services industry by providing training programs in
relevant areas. This is a part of NIIT Institute of Process Excellence, a
Learning Solutions, offers integrated
learning solutions (including strategic consulting, learning design, content
development, delivery, technology, assessment and learning management) to
Fortune 500 companies, Universities, Technology companies, Training corporations
and Publishing houses.
delivers a tailored
combination of catalog learning products, technology and services through
Element K offerings. These include: vLab®: hands-on labs, instructor-led
courseware, comprehensive e-reference libraries, technical journals, and
KnowledgeHub™: hosted learning management platform. This makes NIIT the first
and the best choice for comprehensive learning solutions, worldwide.
For media queries,
NIIT Ltd, Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Email: firstname.lastname@example.org Or Visit www.niit.com
Kapil Saurabh, NIIT
Ltd, Ph: +91 124 4293324; Fax: +91 124 4293333;