NIIT
Limited Q3 (Oct-Dec 2009) Consolidated Results 2009-10
PAT up 74 % at Rs. 9.5
crores
Individual Learning
Solutions Enrolments up 22 %
Corporate and
Institutional order intake at Rs. 237 crores, up 31%
Net Revenue up 2% at
Rs. 283.6 crores
NIIT Limited Consolidated Financials at a Glance (Rs.
Cr.) |
| Qtr ended Dec 31, '08 | Qtr ended Dec 31, '09 | Growth YoY |
Global System-wide Revenue | 389.8 | 396.5 | 2% |
Net Revenue | 278.9 | 283.6 | 2% |
EBITDA | 22.9 | 31.2 | 36% |
Profit After Tax | 5.5 | 9.5 | 74% |
New
Delhi, January 23, 2010: NIIT Limited, the leading Global Talent
Development Corporation has posted consolidated net revenues of Rs. 283.6 Cr,
representing a growth of 2% YoY, for the quarter ending December 31, 2009. The
company’s system-wide revenue stood at Rs. 396.5 Cr, up 2% YoY.
In
this quarter, the company recorded Profit After Tax of Rs 9.5 Cr compared to Rs
5.5 Cr for the same period last year, representing 74% growth YoY. The results
were taken on record at the meeting of the Board of Directors here today.
Commenting
on the company’s performance and growth plans, NIIT Chairman Mr. Rajendra S
Pawar said, “An improving market coupled with product innovation
contributed to significant improvements in enrolments and order
intake.”
Individual Learning Solutions – IT
recorded 11% growth in net revenue YoY and 22 % growth in enrolments.
In this
quarter, NIIT entered into strategic alliance with SAP to offer training
programs to prepare SAP consultants in the world-leading business software,
Enterprise Resource Planning and related applications provided by SAP. The
company also forged an alliance with IBM to offer cutting edge training programs
on IBM technologies.
According to
Mr. Vijay K. Thadani, Chief Executive Officer, NIIT Limited, “Improved
IP based product mix enhanced EBITDA by 278 bps.”
School Learning Solutions with an order intake of Rs.
73.8 crores grew 197% YoY.
During
the quarter NIIT added 641 schools, reflecting repeat orders from the states of
Gujarat, Assam and Andhra Pradesh and also a strong response from private
schools.
NIIT held
multi city seminars on “De-stressing learning environment in Schools: Role of
technology”, to emphasise the need for identifying right IT Learning tools for
children, to bring back the joy of learning. During the seminars NIIT showcased
its flagship NIIT eGuru suite of products which consist of a holistic education
package that addresses the needs of all key stakeholders within the education
realm—Students, Teachers, School management and Parents, with a single
solution.
Mr. P
Rajendran, Chief Operating Officer, NIIT said, “The new eGURU offerings
were received well which contributed to the growth in non Government
revenues.”
Finance & Management Training (FMT) Solutions
witnessed a decisive upturn in demand through tie-ups with KPMG to
offer IFRS program and IAMAI for Advanced program in Digital marketing. During
this quarter, NIIT Imperia announced its 7th Academic Partner- IMI Delhi, for
delivering management programs.
Corporate Learning Solutions (CLS) recorded a growth of 13 %
YoY in order intake.
With
fresh order intake during the quarter at USD 34.7 Mn, CLS closed the quarter
with a pending order book of USD 89.3 million, up 10% YoY. During the quarter
CLS witnessed growth in Learning products and Training Outsourcing segments in
the US and in Government and Corporate Training segments in India. The Business
Unit also added four significant customers during this period.
Other highlights of Q3 2009:
Honoured as
one of the Top 10 IT education brands in China by Tencent for its influence on
the students in the country
Partnered
with government of Karnataka to bring e-learning to young graduates in the
state
NIIT, USA
Announced a new- Managed Training Services offering, that will provide customers
with the enhanced impact, reduced costs and sharpened focus that they need to
succeed in today’s business climate
Chess Master
2009, organized by NIIT MindChampions Academy- a joint venture with World
Chess Champion Viswanathan Anand- witnessed phenomenal participation by 4.5 lakh
students across the country this year.
NIIT
Corporate Chess Championship, Karnataka, saw participation by over 50 corporate
teams, thus making a successful debut.
NIIT, USA
received 3 Brandon Hall awards – the unofficial Oscars for Training (2 for
innovation in technology and 1 for content creation)
Best IT
content of the year from elearning magazine
Featured
amongst Top 20 training outsourcing – for the 5th year running
Content
creation award from ASTD (American Society for Training and Development)
About NIIT
NIIT
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.
Leading 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
professionals.
NIIT has
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 (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).
For
working professionals, NIIT Imperia, Centre for Advanced
Learning, offers Executive Management Education Programs in association with
Indian Institutes of Management (IIMs) at Ahmadabad, Indore, Kolkata, Lucknow,
IMT Ghaziabad, IIFT Delhi and IMI 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 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.
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.
NIIT 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, please contact:
Prateek
Chatterjee, NIIT Ltd, Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Email:
prateek.chatterjee@niit.com