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NIIT Limited declares Consolidated Results for Q4 and FY 2011-12
EPS up 19% at Rs. 6.7 for FY 2012 on a stronger balance sheet

·       Full Year PAT up 19 % YoY at Rs. 110.2 Cr; Records annual net revenue of Rs. 1260.3 Cr
·       Q4 net revenue up 17% YoY and PAT up 31% YoY on a continuing business basis
·       Managed Training Services (MTS) closes FY 2012 with 9 global contracts and revenue visibility of USD 120 Million
·       NIIT Yuva Jyoti gains momentum; Opens 6 centres
·       Board recommends Dividend of 80%

Quarter 4 highlights:

Q4 (Jan – March 2012) Consolidated Financials (inRs. Cr)
Quarter ended March 31, 2012
System-wide Revenue
Net Revenue
Profit After Tax

(In view of the divestment in Element K during the year, the following table represents the comparison with the previous year on a like-to-like basis for Q4)
NIIT Limited: Q4 (Jan- March, 2012)
*Consolidated Financials on a Continuing business basis (inRs.Cr) for Quarter ended March 31, 2012

Qtr ended
March 31, 2012

Qtr ended
March 31, 2011

Growth YoY
System-wide Revenue
Net Revenue
*Excluding financials of Element K and one time pass through revenue in this quarter
New Delhi, May 09, 2012: NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, today declared its consolidated results for the fourth quarter ended March 31, 2012. The company recorded Profit After Tax for the year at Rs.110.2 Cr representing a 19% growth YoY on annual net revenue of Rs. 1260.3 Cr.

During the quarter the company’s Net Revenue stood atRs. 305.2 Cr and the Profit After Tax was recorded atRs.26.2 Cr. The EBITDA was atRs.35.7 Cr reflecting a margin of 12%.

NIIT divested its stake in Element K for a cash consideration of USD 110 Million, during the year. The total net debt in balance sheet stands reduced byRs. 295.5 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%.
Commenting of the company’s performance Mr. Rajendra S Pawar, Chairman, NIIT Limited said, “Our focus on the four growth platforms unveiled at the beginning of the year and capital efficiencies, has led to an improved EPS and a strong balance sheet.”
“We continue to scale-up our focus on the four platforms- NIIT Cloud Campus, Vocational Skills Training (in association with NSDC), Managed Training Services and Solutions for Schools - to drive the next phase of growth for NIIT ”, added Mr. Vijay Thadani, CEO, NIIT Limited.
Individual Learning Solutionsrecorded net revenue ofRs.152.2 Cr, up 14% YoY during Q4, with enrolments growing by 8% YoY. Short term diploma programs registered a growth of 11% during the year.
During the quarter, NIIT conducted country’s largest IT Aptitude Test— the 8th National IT Aptitude Test (NITAT) — to enable students and graduates to ascertain their aptitude for the IT industry. NITAT 2012 witnessed record participation this year, with over 1,00,000 IT aspirants across 200 cities applying for the test to gauge their IT aptitude.
NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) announced the launch of Post Graduate Diploma in Retail Banking (PGDRB) in association with Axis Bank- an exclusive career program designed for the Bank. During the year,IFBI also launched – “BankVantage”- comprehensive career programs in banking, designed and endorsed by the industry.
NIIT Imperia in collaboration with KPMG in India, announced the launch of 3 new Taxation Programs, designed to meet the growing training needs of finance, accounting and taxation professionals. It also launched theExecutive Program in Corporate Regulations in association with IIM Calcutta.
NIIT launchedIndia’s first Cloud Campus with its flagship GNIIT program based on cloud during the year.One of the most important initiatives of NIIT in recent times, the new-age GNIIT is based on cutting-edge cloud computing technology.Students enjoy higher mobility as they can access educational services using a Netbook or a Mobile device that connects them to NIIT Cloud CampusTM network.
Besides this, NIIT made operational its Synchronous Learning Technology (SLT) based Institutional Alliance Business -Careers@Campusduring the year. These programs, mapped to the college calendar, will be delivered through VSAT into SLT classrooms.
During the financial year 2011-12, NIIT strengthened its focus on vocational skills training by entering into one of the largest public-private partnerships with National Skill Development Corporation (NSDC) to enhance skills and employability of youth across India through its NIIT Yuva Jyoti initiative. Through this partnership, it is estimated that around 7 million youth will be trained by 2022, in multi-skilling mode.Six NIIT Yuva Jyoti centres were made operational during the year, with a plan to scale up to 1500 centres across 1000 cities over the next 10 years.
Corporate Learning Solutions (CLS)recorded net revenues ofRs.66.4 Cr during Q4, with an order intake of USD 12.78 Mn.

CLSclosed FY 2012 with 9 global contracts and revenue visibility of USD 120 Millionthrough multi-year Managed Training Services engagements.

School Learning Solutions (SLS) recorded net revenues ofRs.86.5 Cr, up 131% YoY during Q4.

Referring to the growing acceptability of NIIT NGuru Solutions for Schools, Mr P Rajendran, COO, NIIT Limitedsaid, "During the year NIIT’s school learning solutions business increased its sales reach to serve schools in 90 cities, up from 40 cities a year ago. As a result 687 more schools embraced our NGuru school solutions, thereby registering a growth of 47% YoY in order intake “.

NIIT’s thrust on alignment of people practices with its overall business strategy to create a positive employment experience, continued to get industry accolades. During the year,NIIT was adjudged amongst ‘Top 25 India’s Best Companies to Work for’ and was ranked No.1 in the Training & Education Industry, by The Great Places to Work Institute.
Other acknowledgements and milestones during the year: