Net Profit up 40% YoY
Results (January- March 2010)
· Q4 Net Profit up 40% YoY
· Operating margin at 16%, up 401 basis points
· IT program enrolments up 18% YoY
· Board recommends Dividend of 70%
New Delhi, May 7,
2010: NIIT Limited,
leading Global Talent Development Corporation and Asia’s largest IT trainer,
today declared its consolidated results for fourth quarter ended March 31, 2010.
this quarter, the company recorded Profit After Tax of Rs 24.7 Cr representing
40% growth YoY. NIIT reported
Operating margin at 16%, up 401 basis points.
System Wide Revenue grew by 2% to Rs. 475.6 Cr. The Net Revenue for the quarter
stood at Rs. 295 Cr.
The results were
taken on record at the meeting of the Board of Directors here today.
Board has also proposed a dividend of 70%, Rs 1.40 per share
Limited : JAN- MAR 2010 QUARTER Consolidated Financials (in
Commenting on the
company’s performance Mr. Vijay K.
Thadani, Chief Executive Officer, NIIT said, “We had a strong
quarter with 40% growth in PAT, in a challenged
fourth quarter saw NIIT entering into a global partnership with IGNOU, World’s
largest Open University, to provide education and skill building for enhanced
employability, aimed at creating skilled talent pool for Business &
Technology Services industry globally.
grew 11 %YoY to a net revenue
of Rs. 114.4 Cr, supported by 18% increase in enrolments. While the Operating
Profit grew to Rs 28.2 Cr, up 19 % YoY, the Operating margin grew by 177 basis
points to 25%, due to improved product mix and growth in international
Rajendra S Pawar, Chairman, NIIT Limited said, “The improved job
scenario on the back of a reviving economy will accelerate demand for
the quarter NIIT further demonstrated the success of its PPP model by opening
its largest global centre in Wuxi, China. Spread
over an area of 300,000 square feet, NIIT’s Wuxi centre will have the capacity
to train over 10,000 students annually.
NIIT has been
recently conferred the ‘Global Learning Partner of the year’ award
by Cisco in recognition of its performance and achievements at the
Partner Summit 2010.
Solutions recorded net
revenue of Rs 32.1 Cr while the Operating Margin grew by 499 basis points to
23%. During the quarter NIIT’s School Learning Solutions crossed a significant
milestone of reaching out to over 15,000 schools.
“In our decade long
journey of providing ICT in schools, as we cross the significant milestone of
15,000 schools this quarter, NIIT continues to demonstrate excellence in
execution and product innovation,” said Mr. P
Rajendran, Chief Operating Officer, NIIT Limited
of Finance, Banking and Insurance posted
a 49% growth in enrolments in the quarter and also crossed the 8000 mark in its
graduates placed to date.
Learning Solutions recorded
revenue of Rs. 139.3 Cr. Continued customer wins supported by 15% growth
in the eLearning products and margin improvement by 371 basis points,
contributed to improved profitability.
intake was at USD 30.9 Mn for the quarter. The closing order book stood at USD
90.3 Mn, up 16% YoY.
Results FY 2009- 10
reported consolidated annual net revenue of Rs. 1,199.3 Cr, for the year ended
March 31, 2010, up 4% over the previous year. The company’s
system-wide revenue stood at Rs. 1,796.4 Cr, up 6 %. EPS stood at Rs.
reported an increase in Operating Profit to Rs 156.9 Cr, up 32%.
The Company also reported an increase in Operating margin to 13%, up 275
basis points. After adjusting for share of profit from associates
and taxation, Profit After Tax stood at Rs 70.2 Cr.
Limited : Annual Consolidated Financials for FY 2009- 10 (in
Learning Solutions (IT) recorded
growth in net revenue at Rs 427.5 Cr supported by 12 % increase in
enrolments. Operating margin grew by 136 basis points to 23% on
the back of effective cost management and improved revenue mix.
During the year
NIIT entered into alliances with SAP and IBM to enhance its product offerings
and meet the industry’s growing need for certified professionals. NIIT’s
comprehensive product offering in the IT Infrastructure Management space helped
further consolidated its competitive edge in the market.
Learning Solutions recorded
45% growth in net revenue at Rs 200 Cr. Operating profit increased by 38% to Rs
29.6 Cr, contributed by improved product portfolio mix.
the year, NIIT added 2,812 schools, including repeat orders from the states of
Gujarat, Assam and Andhra Pradesh and also a strong response from private
Management Training (FMT) Solutions witnessed a strong
FMT added newer
customer segments for training programs in the BFSI industry like- Dhanalakshmi
Bank, TATA AIG Life Insurance, Religare Enterprises Ltd. to name a few.
also entered into a strategic alliance with KPMG to offer training in IFRS, with
a view to create skilled global finance professionals.
improvement in Operating Margin of 490 basis points. Fresh Order Intake
was USD 127.5 Mn. Pending order book stood at USD 90.3 Mn, of which 58% is
executable in the next 12 months.
during the year:
USA was ranked #1 in the ‘Quality of Service Leaders’ and positioned as #2
Service Provider in the ‘Bakers Dozen Customer Satisfaction 2010 Ratings’- a
listing brought out by the reputed HRO Today magazine
K received Gold Award for Green Training by LearnX Asia Pacific
K received ‘Top 20 Leadership Training Companies’ award by Training Industry,
eGuru was chosen amongst Top 100 Franchise list, by Franchise India
- Conferred the Gold
for Excellence in E-Learning Award in the 2009 by Chief Learning Officer
- Ranked as the ‘Most
influencing IT training brand’, by the Chinese Society of Educational
Development Strategy (CSEDS), under Ministry of Education of PRC
- Conferred the ‘Top
IT Training Company Award 2009’ by Cybermedia, for the 17th successive year.
- NIIT’s innovative
ICT learning solutions swept the ‘Digital Learning Awards’ at- eINDIA 2009
summit- India’s largest ICT event.
- ICT Gold Medal –
Vietnam for the 4th year in a row
- Best Learning
Partner award from CISCO and Microsoft
- NIIT received the
Best Green IT Project award by PC Quest for V-lab
Limited, leading Global Talent Development Corporation and Asia’s largest IT
trainer, offers learning and knowledge solutions to over 5 million students
across 40 countries.
IT magazine Dataquest has conferred upon NIIT, the ‘Top IT Training Company’
award successively for the past 17 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
has provided computer-based learning to over 15,000 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 (technology tools that enable school students to learn
and explore mathematical concepts); IT Wizard (equips the students with
core computer knowledge and IT skills); and Quick School (an Education
Resource Planning solution for school management).
working 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
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
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 NIIT-Genpact venture.
Corporate 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.
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,
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Ltd, Ph: (Cell) +91 9891267470, (Dir) +91 124 4293042
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Ltd, Ph: +91 124 4293324; Fax: +91 124 4293333;