NIIT Q1 net halves to Rs 7.4 cr; revenue jumps 12%

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26 Aug, 2025 12:21

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Training and skills development firm NIIT posted a 50.6 percent drop in net profit at Rs 7.4 crore for the quarter ended June 2016, impacted by "adverse Q1 performance of an associate company".

Its net profit stood at Rs 15 crore in the year-ago period.

However, the company registered 12 percent rise in revenues at Rs 260.4 crore in April-June 2016 quarter from Rs 233.2 crore in the year-ago period.

"This quarter reflects that our y-o-y revenue has started picking up real momentum and this is first time in 16 quarters that we registered double digit growth in revenue," NIIT Vice Chairman and MD Vijay Thadani said.

EBITDA grew 36 percent y-o-y to Rs 22.2 crore in the first quarter, which is a substantial increase from Rs 16.4 crore in the year-ago period, he added.

"PAT (profit after tax) was impacted by exceptional items on profit of an associate company. There was also a small forex loss, at about Rs 2.4 crore on account of our Nigerian subsidiary," he said.

Corporate Learning Group, which accounted for 59 percent of the company's revenues, registered 19 percent growth at Rs 152.3 crore.

Skills and Careers Group (SNC) posted revenue growth of 7 percent to Rs 77.3 crore, while MindChampion Learning Systems registered a net revenue of Rs 30.7 crore during the quarter.

"NIIT is firmly back on the growth path, with a strong focus on leading the industry in each of the business verticals that we are engaged in," he said.

The company aims to play a leadership role in the digital learning world, exploiting new age digital technologies that are impacting every industry and every company, he added.

NIIT added 94 people during the quarter to take its total headcount to 2,466 at the end of June, 2016.

Shares of the company were trading at Rs 86.40, up 2.92 percent in late afternoon trade on the BSE.