NIIT Ltd

Corporate training solutions provider NIIT Learning Systems (NIIT MTS) on Wednesday reported a 20.4 per cent increase in consolidated Profit After Tax (PAT) to Rs 74.34 crore in the December-ended quarter. The company had registered a PAT of Rs 61.73 crore in the year-ago period. The company's revenue from operations climbed 19.2 per cent to Rs 499.69 crore in Q3 FY26, as compared to Rs 418.87 crore in Q3 FY25. Sequentially, NIIT MTS's profit rose 58.3 per cent and revenue grew 5.04 per cent. The company accounted for a one-time impact of Rs 13.52 crore from the implementation of the new Labour Codes. There was also an exceptional gain of Rs 29.8 crore due to "fair value adjustment in future acquisition liability," according to regulatory filings by the company. NIIT MTS added 4 new global Managed Training Services (MTS) clients during the quarter under review, bringing the total client tally to 107 at the end of the quarter, with a revenue visibility of USD 415 million. In Janu

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Q3FY25 company results, January 22: HUL, HDFC Bank, Tata Communications, NIIT, Heritage Foods, and IIFL Wealth Management will release their financial reports for the October-December quarter today

NIIT share price today hit a new high of Rs 190.10 on the NSE after over 6 million shares change hands

NIIT share price today: On Friday, August 23, Ramesh Shrichand Damani bought 800,000 equity shares, representing 0.59 per cent stake in the total equity of NIIT at a price of Rs 127.55 on the NSE

For NIIT Learning Systems, the overall macro uncertainty has created more outsourcing opportunities, but it has impacted the deal closure time

Jathar has over 25 years of professional experience in consumer-focused businesses, including e-commerce, startups, and D2C ventures

IT training company NIIT on Friday reported a 0.56 per cent increase in its consolidated net profit to Rs 14.36 crore for the December 2023 quarter. Its profit stood at Rs 14.28 crore in the year-ago period. Sequentially, it rose 34.96 per cent against Rs 10.64 crore. The revenue from operations declined by 8.59 per cent to Rs 85.17 crore in the third quarter from Rs 93.18 crore in the year-ago period, according to a regulatory filing. A company statement said the results include the impact of the demerger of NLSL from NIIT Limited from April 1, 2022. "We are expanding in BFSI (banking, financial services and insurance) and increasing penetration across GCCs (Global capability centres). We continue to see sequential recovery in business despite the ongoing hiring freeze in the technology sector," Vijay K Thadani, Vice Chairman and Managing Director, NIIT, said. The company is on a path of recovery with its BFSI strategy, which is reflected in its yearly growth in the revival of ..

As first announced in January 2022, the company became a separate entity after a demerger of NIIT Limited's corporate learning business in May this year

Shares of NIIT moved higher by 19% to Rs 139 on the BSE in Wednesday's intra-day trade, zooming 69 per cent in the past three trading days

The acquisition will help NIIT add significant presence in the professional services and management consulting sectors while strengthening its growing learning consulting practice.

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

The technical analyst expects the overall trend for the market to remain choppy, with the NSE Nifty likely to face resistance around 17,639 and 17,794.

The composite scheme of arrangement which would result in Corporate Learning Group (CLG) Business and Skills & Careers Group (SNC) Business to be reorganized as separate publicly listed companies.

NIIT rose 17 per cent to hit an over 13-year high of Rs 295.50 on the BSE in intra-day trade on Tuesday

The company recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations

NIIT Ltd had divested its shareholding in NIIT Technologies last year. The revenue remained flat at Rs 201.8 crore in the April-June 2020 quarter from the year-ago period

NIIT Ltd on Friday said its consolidated net profit stood at Rs 29 crore in June 2020 quarter. The skills and talent development firm had posted a loss of Rs 1.5 crore in the year-ago period on a like-to-like basis (excluding the impact of a one-time capital gain on divestment in the first quarter of FY2019-20). NIIT Ltd had divested its shareholding in NIIT Technologies last year. The revenue remained flat at Rs 201.8 crore in the April-June 2020 quarter from the year-ago period. On a sequential basis, net profit registered a manifold growth (from Rs 0.6 crore in March 2020 quarter), and 4 per cent decline in revenue from Rs 211.2 crore in the March 2020 quarter. "I think NIIT kept its head above the water given the challenging circumstance that we were put in because of COVID-19. NIIT continued to work with all its customers and several customers, whose contracts came up for renewal during this past quarter, were renewed," NIIT CEO Sapnesh Lalla said. He added that the company

New Delhi [India], June 9 (ANI): Skills and talent development major NIIT Ltd said on Tuesday that it has extended its partnership with global mining group Rio Tinto for another five years.

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