Will maintain momentum in H2; good strategy key: NIIT

NIIT reported a stellar numbers in the September quarter aided by strong growth in all international geographies. Its net profit jumped 102 percent year-on-year to Rs 20.8 crore. Vijay Thadani, Vice Chairman & MD, NIIT spoke to CNBC-TV18 about the company's prospects hereon.Below is the verbatim transcript of Vijay Thadani's interview with Reema Tendulkar & Mangalam Maloo on CNBC-TV18. Reema: It is a good quarter for you, could you give us a sense of how coming two quarters will look like in terms of revenues, in terms of margins as well as profitability?A: It has been a good quarter because we have stayed close to the projections we had made for ourselves as well as what we had shared. Our strategy is unfolding exactly the way we had come out with it and the Chief Executive Officer (CEO) had shared that strategy in the last meeting and the strategy is unfolding at the pace at which we were wanting it to. So the corporate business has been rock steady and at 15 percent growth and 12 percent margin is the same trend that we see as we go forward.We have added a marquee customer this quarter in terms of Citi Bank, which we had announced just a few days ago.In the skills and careers group, which is where the real turnaround action was happening, I think it was a three-phase transformation that we had shared so we are now in the third phase of renewal and that is visible not yet in results but in actions and in results we are back in black and back to growth, which is what our own projection was. So in many ways, we are on that strategy and I think for the rest of the year, we believe we will remain on this path.Mangalam: You spoke about the skills and career business turning around, so could you give a colour on the numbers of the skills and careers business, can you tell us what the revenues were from that segment, at the same time what the EBIT was?A: The skills and careers first of all had a growth of one percent. This is the first time we have seen growth in this business after many quarters.The overall business was at Rs 104.5 crore and it has also broken even as well as made a small operating profit of Rs 6.9 crore. So that is the first time in this quarter that we had seen a positive EBITDA as well as positive growth and this is as a result of the restructuring exercise, which it did in Q4 as well as the re-energisation effort that we have seen. The renewal phase has just started as you would have heard about NIIT.tv and StackRoute. Those two are very path-breaking announcements -- NIIT.tv is a disruptive announcement. The benefits of all these we will see in the coming quarters.Mangalam: After turning around for the skills segment and reporting a profit of 6.9 crore, what the way ahead will be, can you irmpove your financials from hereon, any targets in terms of numbers if you could share?A: As I mentioned, the corporate business is on track for 15 percent topline and 12 percent margin and the skills and  careers also as you can see just turned around so the team is quite confident that we would be able to achieve an overall for the year back in black and back to growth.