NIIT Ltd net profit up 3.4%

NIIT tied up with Autodesk to introduce training programs in design as learning discipline in India

Education services company NIIT Limited posted a net profit of Rs 12 crore for the quarter ended September 30, 2013, an increase of 3.4% over same period last year.

During the quarter, Corporate Learning Solutions (CLS) recorded net revenues of Rs 99.3 crore, up 32% year-on-year. Career Building Solutions (CBS) recorded net revenue of Rs 126.9 crore backed by Cloud-enabled program enrolments of over 13,800. The net revenue saw a slight drop and stood at Rs 262.4 crore compared to Rs 279.1 crore in same quarter last year.

Vijay K Thadani, Chief Executive Officer, NIIT Limited said, "Our focus on Managed Training Services as one of the four growth platforms, enabled Corporate Learning Business to achieve a growth of 32%, signalling a strong enterprise demand for the offering."

In the second quarter, NIIT entered into a partnership with Autodesk to introduce training programs in design as a learning discipline in India. The objective of the program is to promote design literacy, design skilling and research & innovation in design.