NIIT Q4 PAT at Rs14 crore

India Infoline News Service | Mumbai |

For the full year, the Company’s Net Revenue stood at Rs. 951 Cr and the PAT was recorded at Rs. 17.8 Cr.

NIIT Limited, leading Global Talent Development Corporation today reported its results for the fourth quarter ending March 31, 2014. During the quarter, the company recorded a Net Revenue of Rs. 232.9 Cr, up 5% YoY with a PAT of Rs. 14 Cr, up 415% YoY.

For the full year, the Company’s Net Revenue stood at Rs. 951 Cr and the PAT was recorded at Rs. 17.8 Cr.

The results were taken on record at the meeting of the Board of Directors here today. The Board also proposed a dividend of 80% i.e Rs. 1.60 on each equity share of face value Rs. 2 each.

uring the financial year 2013-14, NIIT announced a breakthrough initiative ‘Cloud Campus’, aimed at redefining the education landscape by making available new-age skills, to students across the breadth of the country. The extended range of training offerings in IT, Banking, Global Finance, Management, Digital & Social Media Marketing under Cloud CampusTM are aimed at transforming learners into first-day first-hour industry-ready professionals.

Reaffirming its dominant position in the training industry, NIIT received ‘Top Training Company Award 2013’ for the 20th year in succession by leading IT journal, Dataquest during the quarter.

Commenting on the Company’s new launch, Mr Rajendra S Pawar, Chairman, NIIT Limited said, “Our new GNIIT program, which now has many options beyond IT, can be customized by every student”

Recently, NIIT launched ‘ReVOLUTION GNIIT’- a path-breaking GNIIT program that maximises career opportunities for class XII and college students by offering a range of future-ready courses in -Banking and Finance, Digital Marketing and Social Media, Cloud & Mobile Software Engineering, Big Data and Business Analytics, e-Commerce & Business Administration and Cloud Computing & IT Management. For the first time ever, this offers students the flexibility to choose options from a range of multiple new-age career programs, aligned to the evolving needs of the knowledge economy.

Career Building Solutions (CBS) recorded net revenue of Rs. 82.4 Cr during the quarter, backed by a growth of 16% YoY growth in Non Tech revenue in Q4. The pioneering Cloud campus initiative has now expanded to cover 96 courses, across 211 centres. Cloud Campus enrolments increased by 6,500 in Q4, taking the cumulative number of enrolments to around 60,000.

NIIT Institute of Finance and Banking placed 8,407 students in FY 14, recording a growth of 42% in Banking placements during the year.
During the quarter, NIIT Imperia launched Post Graduate Certificate Program in Brand and Advertising Management in collaboration with Indian Institute of Management - Tiruchirappalli. The program aims to give new insights into the importance and value of strongly differentiated brands and how brand and advertising can be used to build strong and enduring businesses.

Corporate Learning Solutions (CLS) recorded net revenues of Rs. 107.6 Cr, up 41% YoY during Q4.

Mr Vijay K Thadani, Chief Executive Officer, NIIT Limited said, “The Corporate Training Business recorded fresh order intake of USD 21.8 Mn in Q4, up 52% YoY, reflecting strong customer confidence.”

School Learning Solutions (SLS) registered net revenue of Rs. 41.7 Cr during the quarter, with a robust order intake of Rs. 55 Cr in Q4 from non government schools.

During the quarter, NIIT NGuru unveiled Math Lab Plus, integrating interactive content into Math Labs. NIIT also trained 9,029 teachers and school principals on CCE, (Continuous and Comprehensive Evaluation) and leadership training across the country, as an empanelled member of CBSE (Central Board of Secondary Education), during FY 14.

Mr P Rajendran, Chief Operating Officer, NIIT Ltd said, “NIIT signed up 371 new schools during the quarter, to offer exciting technology and multimedia based education. The new NGuru solutions strengthened NIIT’s leadership position, thereby registering a growth of 78% YoY in new schools added, with a growth of 115% YoY in order Intake, during the quarter.”

NIIT’s vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) continued to gain momentum, expanding its reach to over 50 locations with more than 16,000 students trained, since commencement.

 

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