NIIT Q2FY18 standalone net profit declines 15.4% yoy

India Infoline Research Team | October 25, 2017 13:45 IST

NIIT Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 90.2 [11.9]
EBITDA 4.5 [60.2]
EBITDA Margin (%) 5 [605]
Net Profit (adjusted) 11 [15.4]
***EBITDA margin change is bps
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Reco. Price

103.95

Last updated on

23-Oct-2017




NIIT ltd standalone revenue for the quarter came in at Rs. 90.2 crore, registering 11.9% yoy decline.
 
EBITDA for the quarter fell by 60.2% yoy to Rs. 4.5 crore with a corresponding margin contraction of 605 bps. EBITDA margin for the quarter stood at 5%. This margin contraction was aided by 4.7% yoy increase in employee benefit expenses.

The PAT for the quarter came in at Rs. 11 crore, yoy decline of 15.4%. 


Technical View:

NIIT Ltd is currently trading at Rs. 102.85, down by 9.6 points or 8.54% from its previous closing of Rs. 112.45 on the BSE.
The scrip opened at Rs. 113.05 and has touched a high and low of Rs. 113.85 and Rs. 102.50 respectively. So far 22,53,868(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 92.70 0.20 (0.22%)
NSE 92.55 [0.05] ([0.05]%)

***Note: This is a NSE Chart

 

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