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NIIT Learning Systems Ltd (NIIT MTS) on Wednesday reported 10.4 per cent decline in consolidated net profit at Rs 48.7 crore for March quarter FY25. It had logged a profit of Rs 54.4 crore in the year-ago period, as per a regulatory filing. Revenue from operations in the quarter under review came in 7.9 per cent higher at Rs 429.7 crore in the quarter. On a quarter-over-quarter basis, profit fell 21 per cent, while revenue rose 2.6 per cent. While the quarter was marked by heightened uncertainty and volatility, the firm saw continued momentum in new customer acquisition and wallet share expansion across most customer segments, NIIT MTS CEO Sapnesh Lalla said. For full FY25, profit recorded a growth of 6.7 per cent to reach Rs 227.5 crore. Revenue increased 6.4 per cent to Rs 1,653.2 crore. During the fiscal, NIIT MTS secured 10 new global Managed Training Services (MTS) contracts and broadened the scope of 6 existing agreements, according to a company statement. Furthermore, the
Skills and talent development firm NIIT on Tuesday posted around 18 per cent increase in consolidated profit after tax to Rs 13.13 crore for the fourth quarter ended March 31, 2025. The company had registered a profit after tax (attributable to owners of the parent company) of Rs 11.16 crore in the same period a year ago. Revenue from operations grew to Rs 86.28 crore during the period from Rs 74.34 crore in March 2024 quarter. For FY25, NIIT posted about 20 per cent increase in PAT to Rs 46.12 crore from Rs 38.36 crore. Revenue from operations increased by about 18 per cent to Rs 357.6 crore from Rs 303.5 crore in FY 2024. "Despite a volatile business environment, we have recorded a double-digit YoY revenue growth for the fifth consecutive quarter with all-round growth across Technology and BFSI and other programs," CEO Pankaj Jathar said. NIIT recently made a foray in addressing the need for skills development in higher education by acquiring 70 per cent stake in an AI-powered d
NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing. NIIT holds 80.72 per cent stake in IFBI, and post the aforesaid acquisition, IFBI will become its wholly owned subsidiary, the filing stated. The shares will be acquired from ICICI Bank Limited (1.9 million shares, 18.79 per cent stake) and individual shareholders (50,000 shares, 0.49 per cent stake). The aggregate consideration for the acquisition of shares from ICICI Bank is expected to be between Rs 4.7 crore and Rs 6.5 crore. The acquisition is expected to be completed by September 30, 2025, according to the filing on Saturday. "As a strategic business decision, NIIT Limited has agreed to acquire 1,900,000 equity shares of IFBI from ICICI Bank Limited and 50,000 equity shares of IFBI from Individual shareholders," the filing read. IFBI, incorporated in 2006 an
Under the agreement, NIIT will acquire the remaining 30 per cent shareholding in phases from iamneo's promoters in subsequent tranches over the next five years
NIIT Learning Systems on Wednesday reported a nearly 9 per cent increase in consolidated net profit at Rs 61.7 crore in the quarter ended December 31, 2024. It posted a net profit of Rs 56.7 crore in the year-ago period, according to a regulatory statement. Revenue from operations for the quarter under review came in at Rs 418.8 crore, up 7 per cent, from Rs 391.3 crore in the corresponding period of the previous fiscal. "In a tough economic environment, NIIT MTS' strong value proposition is resonating with clients and prospects, resulting in wallet share improvement and new client acquisition. Clients are starting to take advantage of NIIT MTS' innovative use of AI and technology in learning," said Vijay K Thadani, Vice Chairman and Managing Director, NIIT MTS. Seen sequentially, net profit and revenue saw a rise of 8.24 per cent and 5.38 per cent, respectively. The firm added two new global Managed Training Services (MTS) clients during the quarter, bringing its client tally to
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
Talent development company NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period. Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal. Seen sequentially, revenue grew 10.93 per cent, but net profit declined 30.5 per cent. "The growth was driven by expansion in number of customers across private banks, GCCs, Tier II GSIs and large Indian enterprises. All round growth in the business led by 94 per cent YoY growth in BFSI and other programmes and technology programmes up 13 per cent YoY. BFSI & other programmes contributed 34 per cent of revenue in the quarter," the company said in a statement. NIIT vice chairman and managing director Vijay K Thadani, during the company's earnings press conference, said the revenue is in harmony with ...
Jathar has over 25 years of professional experience in consumer-focused businesses, including e-commerce, startups, and D2C ventures
Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing. Revenue from operations in the January-March quarter came in at Rs 74.34 crore, a 23.81 per cent jump from the year-ago period. Despite a continuing freeze in IT sector hiring and compression in spending, the business has exited the year with year-on-year growth in Q4, after starting Q1 with a steep decline, the company said in an investor presentation. Vice Chairman and Managing Director Vijay K Thadani said Q4 was a seasonally weak quarter for the business. Therefore, year-on-year changes are more appropriate for comparison, he said. "The business has responded with agility to the IT hiring freeze with alternate growth strategies which resulted in getting back on the path of growth in Q4,"
NIIT Ltd on Monday announced the appointment of Pankaj Prabhakar Jathar as its new Chief Executive Officer. The appointment shall be with effect from July 1, 2024, the company said in a regulatory filing. Jathar replaces Sapnesh Lalla who will continue to serve as non-executive director at NIIT Limited and remain CEO of NIIT Learning Systems. Gurgaon-based NIIT is a skills and talent development company offering online & offline training courses. NIIT shares closed 2.03 per cent down at Rs 110.75 on BSE.
NIIT Learning Systems on Wednesday posted a 23.27 per cent rise in its consolidated profit after tax at Rs 56.7 crore in the third quarter ended December 2023. The company had posted a PAT (profit after tax) of Rs 46 crore in the same period a year ago, NIIT Learning Systems said in a regulatory filing. The company's revenue from operations increased by 7.7 per cent to Rs 391.32 crore in the December 2023 quarter from Rs 363.29 crore in the corresponding quarter a year ago. "Business saw an uptick in sequential growth on the back of continuing addition of new customers and 100 per cent renewals despite compression of spends. We are making a strong commitment to investing in AI for improving effectiveness of learning interventions and are getting positive response from our customers," NIIT Learning Systems Limited (NLSL) Executive Director and CEO Sapnesh Lalla said. NIIT MTS added two new MTS (Managed Training Services) customers during the third quarter of FY'24. At the end of the
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 Learning Systems-demerged from NIIT-finished at Rs 374 during their trading debut on Tuesday
For the week, the Sensex and the Nifty indices are down 3% each
For Q2FY22, NIIT had reported a more-than-double or 101 per cent year on year (YoY) rise in its consolidated net profit at Rs 52.4 crore on the back of strong operational performance.
For Q2FY22, NIIT had reported a more-than-double or 101 per cent YoY rise in its consolidated net profit at Rs 52.4 crore
NIIT Ltd on Friday said it has logged 78 per cent year-on-year jump its net profit to Rs 51.4 crore for the June 2021 quarter
Thirty-nine posts of chairman and directors are vacant at the Indian Institutes of Technology (IITs) and the National Institutes of Technology (NITs), Lok Sabha was informed on Monday.
The appointments shall be effective from the date of approval by shareholders at the forthcoming AGM