Net Revenue up 15% YoY at Rs. 309.5
Cr
- Profit After Tax up 41% YoY at Rs 29.7
Cr
- Individual Learning Solutions revenue up 26% YoY;
enrollments cross 1,50,000 mark
- Corporate order intake up 38% YoY at USD 39.4 million
- NIIT Uniqua , Centre for Process Excellence,
launched
NIIT Limited Consolidated Financials at a Glance (in Rs.
Cr.) |
| Qtr ended
Sept 30, ‘07 | Qtr ended Sept 30, ‘08 | Growth YoY |
Global System-wide Revenue | 398.6 | 468.0 | 17% |
Net Revenue | 270.2 | 309.5 | 15% |
EBITDA | 35.8 | 40.6 | 13% |
Profit After Tax | 21.1 | 29.7 | 41% |
New Delhi, October 21, 2008:
For the second quarter ending
September 30, 2008, NIIT Limited, the leading Global Talent
Corporation has posted net revenues of
Rs. 309.5 Cr, representing a 15% increase YoY. The company recorded an
Operating Margin of 13% and Profit After Tax of Rs. 29.7 Cr, a growth of 41%
YoY.
The company’s system-wide revenue stood at Rs.
468.0 Cr, up 17% YoY.
The results were taken on record
at the meeting of the Board of Directors of NIIT Limited here
today.
More than 4 times the size of its nearest
competitor, NIIT strengthened its leadership position in the education and
training sector which grew by 31% (source: Dataquest, September 2008). Past
trends and the continuing need for skilled talent indicate that the sector will
remain on a growth trajectory.
Commenting on the company’s performance and the
demand for employability training amongst the youth, NIIT Chairman Mr. Rajendra
S. Pawar said, “Young people should acquire new skills to win in today’s
times.”
NIIT Uniqua, Centre for Process Excellence, which addresses the
training needs of the BPO sector commenced operations with its first
three centres in Delhi NCR and Bangalore.
According to Mr. Vijay K. Thadani, Chief Executive
Officer, NIIT Limited, “New initiatives and products contributed to a robust
growth of 17% in global system-wide revenue.”
Individual Learning Solutions recorded a 26% YoY
growth in revenue.
Overall enrollment is up 22% led by the engineers
segment which is up 25%.
During the quarter NIIT forged a
strategic alliance with SAS Institute Inc., global leader in business
analytics.
NIIT now offers the first-of-its kind specialized curriculum in Business
Intelligence.
NIIT extended its partnership with
Sun Microsystems to offer training in Vietnam. This partnership will be
expanded to other Asia Pacific markets including Indonesia, Thailand and Malaysia. NIIT expanded its reach in S.E.
Asia by launching two new centres in Thailand.
Finance & Management Training (FMT) recorded
37% growth in net revenue.
During the quarter, FMT added five
executive management programs. With the launch of a program to promote financial
awareness among individual investors, FMT has been extended into a new market
segment. In the BFSI sector, FMT forged an alliance with Reliance Retail to
offer entry level training.
School Learning Solutions recorded robust growth of
32% in net revenue.
NIIT strengthened its offerings for schools with
the launch of NIIT eGuru, the comprehensive solution for schools comprising
Interactive Classroom, MathLab, IT Lab and Education Resource Planning
Solution.
Mr. P. Rajendran, COO, NIIT said, “Designed
around the guiding principles of the National Curriculum Framework (NCF), NIIT
eGuru completed pilot implementation with excellent feedback about its learning
effectiveness. This solution is ready for adoption by a large number of schools
and promises to be the cornerstone of our strategy for success in
schools.”
The Bihar Government flagged off the ICT@School project, through which
NIIT will provide computer and computer aided education across 400 schools. The
Andhra Pradesh school project which has commenced recently will cover over 2,000
schools.
Corporate Solutions Order Book at USD 93.35
million
With fresh order intake
during the quarter at
USD 39.4million, the
pending order book as on September 30, 2008 stood at USD 93.35 million, 65%
of which is executable over the next 12 months.
Other highlights of Q2
2008:
- NIIT has been adjudged
a Business Superbrand for the second time.
- NIIT, USA was awarded the
Gold for Excellence in E-Learning Award by Chief Learning Officer
magazine, one of the industry’s highest honors.
- The NIIT Institute
(TNI) set up a first-of-its-kind Community Learning Centre in
Delhi to provide job relevant skills to
youth in urban slums.
- India’s
largest IT scholarship program, Bhavishya Jyoti Scholarship Program
was conducted in 400 centres across India.
- NIIT also conducted its Annual Scholarship Program in Nigeria and Vietnam.
- NIIT Litmus
successfully rolled out its first Test of English for International
Communication (TOEIC).
About NIIT
NIIT, Asia’s
No. 1 trainer and leading Global Talent Development Corporation, offers learning
and knowledge solutions to over 5 million students across 40
countries.
Dataquest has conferred upon NIIT, the Top IT
Training Company Award 2007. Rated among India’s
Business Superbrands 2008, NIIT’s Individual Learning Solutions include
industry-endorsed programs in IT like- GNIIT, Integrated programs for Engineers
(NIIT Edgeineers), Infrastructure Management programs (NIIT
GlobalNet+).
NIIT’s School Learning Solutions offers turnkey IT
integration program for schools and has provided computer-based learning
to nearly 7.8 million students in over 9,500 government and private schools.
NIIT eGuru is a comprehensive learning solution for
schools.
For working professionals, NIIT Imperia, Centre
for Advanced Learning, offers Executive Management Education Programmes in
association with Indian Institutes of Management (IIMs) at Ahmedabad,
Indore, Kolkata, Lucknow,
IMT Ghaziabad and IIFT Delhi.
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.
NIIT Uniqua, Centre for Process Excellence, addresses the
demand for talent in the BPO industry. This is a part of NIIT Institute of
Process Excellence, a NIIT-Genpact venture.
NIIT’s 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.
Element K delivers learning solutions for customers and
partners through a tailored combination of catalog learning products,
technology, and services. The offerings include: vLab®: hands-on labs,
instructor-led courseware, comprehensive e-reference libraries, technical
journals, and KnowledgeHub™: hosted learning management
platform.
NIIT together with Element K is now the first and
the best choice for comprehensive learning solutions,
worldwide.
For media queries, please
contact:
Prateek Chatterjee, NIIT Ltd, Ph: (Cell) +91
9910201085, (Dir) +91 124 4293041
Email: prateek.chatterjee@niit.com
or
Bhuvaneshwari Joshi, Brodeur India, Ph: 011-26142292, Email: bjoshi@brodeurindia.com or
Visit www.niit.com
Investors may contact:
Kapil Saurabh, NIIT Ltd, Ph: +91
124 4293000; Fax: +91 124 4293333;
Email: kapil.saurabh@niit.com