NIIT Limited announced its consolidated results for Q2 today. The key highlights being:
NIIT records PAT of Rs. 20.8 crore and continues to execute Business Transformation on scheduleNIIT records Net Revenue at Rs. 272.5 Cr, up 5% YoY and a PAT of Rs. 20.8 Cr up 102% YoYCorporate Learning Group grows 16% YoY‘Beyond IT’ revenue contributes 40% to the Skills and Careers Group (SNC)Significant launch of NIIT.tv and StackRoute marks the start of the Technology-Enabled ‘Renewal phase’ of the company’s 3 stage SNC Business Transformation agenda.
NIIT.tv and StackRoute are strong first steps by NIIT for the Renewal phase of the three stage Business transformation exercise for its Skills and Careers Business. This began with the ‘Restructuring phase’ in October 2014, and was quickly followed by the ‘Re-energising phase’ that commenced in April 2015. Keeping up the momentum in parallel, NIIT initiated the ‘Renewal phase’ from July 2015 which will evolve over next 3 years.
Published on 22 Oct 2015