Talent development company NIIT Ltd on Friday reported a 32 per cent jump in net profit to Rs 55 crore for the December 2021 quarter, and said its Corporate Learning Group (CLG) and Skills and Careers Group (SNC) businesses will be reorganised as separate publicly listed companies.
The company had registered a net profit of Rs 41.5 crore in the October-December 2020 quarter. Its revenues grew 51 per cent to Rs 383.6 crore in the December 2021 quarter from Rs 253.4 crore in the year-ago period.
"Quarter three was a robust quarter for NIIT. Both CLG and SNC businesses recorded robust growth CLG grew at 36 per cent year-on-year… SNC group grew 144 per cent y-o-y… Overall, a very satisfying and high growth quarter for us,” NIIT Ltd CEO and Executive Director Sapnesh Lalla told PTI.
He added that two key factors contributed to the growth, the first being the acquisition of RPS that was consummated in October that contributed to some of the growth.