NIIT Learning Systems Reports Q1 Net Profit of Rs 55.17 Crore

11 Aug 2023 , 03:32 PM

NIIT Learning Systems reports consolidated net profit of Rs 55.17 crore for Q1 2023. The company posted profit after tax (PAT) of Rs 55.2 crore in the same period last year. Revenue from operations grows by 22% to Rs 382.3 crore, up from Rs 312.5 crore in Q2 2022.

Despite challenges, NLSL attracts new customers and maintains 100% renewals. NLSL MD Vijay K Thadani sees a strong growth platform in customer attraction and renewals. NLSL partners with EIT InnoEnergy Skills Institute for green energy human capital transition.

CEO Sapnesh Lalla emphasizes continued investments in transformational opportunities Rajendra Singh Pawar highlights AI investments for efficiency and learning effectiveness. Attrition remains below market range at 13-15%, despite ongoing market trends. NLSL recently listed on stock exchanges post-demerger from NIIT.

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