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NIIT revenue increases 34% yoy to Rs404.8 crore in Q1FY23

Profit After Tax stood at Rs44.3 crore, the company said.

July 29, 2022 9:16 IST | India Infoline News Service
NIIT Limited, a leading global talent development corporation, today reported the results for its first quarter ending June 30, 2022. During the quarter, the company recorded Net Revenue of Rs404.8 crore, up 34% YoY and 8% QoQ. EBITDA was Rs74 crore, up 5% YoY and the EBITDA margin stood at 18.3%. Profit After Tax was recorded at Rs44.3 crore. EPS stood at Rs3.3.

Key Highlights:
  • Q1 Revenue at Rs404.8 crore, up 34% YoY, 8% QoQ
  • EBITDA at Rs74 crore, up 5% YoY, with 18.3% EBITDA Margin
  • Profit After Tax of Rs44.3 crore; EPS at Rs 3.3
  • Corporate Learning Group (CLG) revenue grows 18% YoY; Adds MTS customers and records revenue visibility of 304 million
  • Skills Careers Group (SNC) revenue grows 145% Yo
Commenting on the results, Vijay Thadani, Vice Chairman Managing Director, N1T Limited said, "In face of increasing global uncertainty and rapid macro-economic changes, NIT continued its growth momentum resulting in strong revenue growth of 89% QoQ and 34% YoY."

On Friday early morning trade, NIIT was trading at Rs368.70 per share higher by 0.88% on the BSE.

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