Expect margins to expand further: NIIT Tech

NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the back of large deal wins.
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May 17, 2013, 05.59 PM | Source: CNBC-TV18

Expect margins to expand further: NIIT Tech

NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the back of large deal wins.

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Expect margins to expand further: NIIT Tech

NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the back of large deal wins.

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Pratibha Advani, CFO, NIIT Technologies says, though there was a swing in the net income numbers on account of devaluation of assets and liabilities, yet the overall results of the company have been very good.

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“Our revenues have crossed Rs 2,000 crore and our growth in revenue Year-on-Year has been 28.2 percent. Our operating margins over this quarter have done better than previous quarter and we have added five new customers during this quarter. So overall, it has been an excellent quarter for us,” says Advani in an interview to CNBC-TV18.

Advani also expects margins to expand further. “We have been winning some large deals within India and all these deals have been upwards of USD 30 million. Recently we won a deal with Airports Authority of India (AAI) which is USD 60 million and all these are going to lead to margin expansion for us,” she adds.

The company reported a consolidated net profit of Rs 57 crore in the fourth quarter, compared with Rs 56 crore in Q3. Revenue was at Rs 537.2 crore in Jan-March, versus Rs 514 crore in Oct-Dec.  

Below is the verbatim transcript of Pratibha Advani’s interview on CNBC-TV18

Q: In the other income component, is there a negative number compared to a positive number sequentially?

A: The swing in the net income numbers is primarily on account of devaluation of assets and liabilities. This quarter, rupee has appreciated and that has led to the swing in the other income. But the overall results have been very good. We have achieved a significant milestone. Our revenues have crossed Rs 2,000 crore and our growth in revenue year-on-year has been 28.2 percent. Our operating margins over this quarter have done better than previous quarter and we have added five new customers during this quarter. So overall, it has been an excellent quarter for us.

Q: Your margins have improved on a sequential basis. Can we expect 16 percent run rate for the quarters going forward? What would your guidance be on that specifically?

A: Our margins are definitely going to expand further. We have been winning some large deals within India and all these deals have been upwards of USD 30 million. Recently we won a deal with Airports Authority of India, which is USD 60 million and all these are going to lead to margin expansion for us.

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Expect margins to expand further: NIIT Tech

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