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

29 Jul 2022 , 09:16 AM

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.