NIIT posts Q4 net profit of Rs 14 cr

Net revenue rose 5% to Rs 233 cr

Educational services company NIIT Ltd posted a net profit of Rs 14 crore for the quarter ended March 31, 2014 compared to profit of Rs 2.7 crore for the same period previous year.

The net revenue of the company saw a 5% rise to Rs 232.9 crore for the quarter.  For the full year, the company’s net revenue stood at Rs 951 crore and the net profit stood at Rs 17.8 crore.

During the financial year 2013-14, NIIT announced a breakthrough initiative ‘Cloud Campus’, aimed at redefining the education landscape by making available new-age skills, to students across the breadth of the country.

Corporate Learning Solutions (CLS) recorded net revenues of Rs 107.6 crore, up 41% year-on-year during Q4. Vijay K Thadani, Chief Executive Officer, NIIT Limited said, “The Corporate Training Business recorded fresh order intake of USD 21.8 million (Rs 127.9 crore) in Q4, up 52% year-on-year, reflecting strong customer confidence.”

School Learning Solutions (SLS) registered net revenue of Rs 41.7 crore during the quarter, with a robust order intake of Rs 55 Cr in Q4 from non government schools.

During the quarter, NIIT NGuru unveiled Math Lab Plus, integrating interactive content into Math Labs. NIIT also trained 9,029 teachers and school principals on CCE, (Continuous and Comprehensive Evaluation) and leadership training across the country, as an empanelled member of CBSE (Central Board of Secondary Education), during FY 14.

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