NIIT Q4 results, up by 24 percent YoY

by Psu Connect
Date: 24-05-24

NIIT Ltd. is a leading skills & talent development corporation, set up in 1981 to help the nascent IT industry overcome its human resource challenges.

NIIT Limited a leading skills & talent development corporation, announced the annual results for the Financial Year 2024, ending March 31, 2024.

During the quarter, the company recorded Net Revenue of Rs. 743 million, up 24% YoY. EBITDA was recorded at Rs. 13 million, up 114% YoY. Profit after Tax was Rs. 112 million, up 219% YoY.

During the financial year, the company recorded consolidated Net Revenue of Rs. 3035 million. EBITDA was Rs. 48 million, up 364% YoY. Profit After Tax was Rs. 384 million and the EPS stood at Rs. 2.85.

The Board recommended a final dividend of Rs. 0.75 per equity share. This is in addition to an interim dividend of Rs. 0.50 per equity share declared on October 31, 2023.

In Q4, revenue from NIIT Ltd.'s early career segment grew 16% YoY, contributing 48% to the total revenue. The working professional segment grew 32% YoY contributing the balance 52%. Additionally, StackRoute and TPaaS experienced a year-over-year growth of 45%.

NIIT Ltd. is a leading skills & talent development corporation, set up in 1981 to help the nascent IT industry overcome its human resource challenges.

To meet the manpower challenges in the BFSI sector, NIIT established the Institute for Finance, Banking, and Insurance (IFBI), India's premier banking training institute in 2006.