NIIT Limited Announces Q3 FY`25 (October - December 2024) Results
NIIT Limited (Ticker Symbol:NIITLTD), a leading skills & talent development corporation, today announced its financial results for the third quarter ended December 31, 2024.
During the quarter, the company recorded Net Revenue of Rs. 981 million, up 8% QoQ and15% YoY. EBITDA was recorded at Rs. 92 million. Profit After Tax was Rs. 134 million, up 13% QoQ. EPS for the quarter was at Rs. 1.0.
The results were recorded at the Board of Directors meeting held on January 24,2025.
The company achieved all round growth across Technology, BFSI and Other programs.The growth in the Technology vertical was driven by advanced programs in enterprise architecture, delivery excellence, and GenAI. Collaborations with leading private sector banks to deliver innovative training solutions aided volumes in BFSI & Other programs.
Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, commented "Despite a challenging environment, the business has responded well with consistent double digit YoY growth over the last four consecutive quarters. This has beendriven by swift actions that company took to expand its client base including GCCs, TierII GSIs, large private sector banks and leading Indian enterprises. The hiring environment remainsvolatile, and the business will continue to adapt to changing circumstances.”
As the demand for digital and emerging technology skills continues to grow, NIIT remains steadfast in its mission to create a future-ready workforce. By combining innovative solutions, global expertise, and deep industry insights, NIIT is dedicated to help individuals and organizations achieve their skilling goals.
"At NIIT, skilling individuals with industry relevant competenceshas always been at the core of our mission. As GenAI and other technologies transform work, we are committed to being a leading provider of quality training focused on outcomes and contribute towards shaping the future workforce" said Rajendra S Pawar, Chairman and Co-Founder, NIIT Group.Top of Form
Other Highlights:
* StackRoute, an NIIT venture, successfully hosted BAL&NCE (Business Aligned Learning and Networking for Competency Enablement) events in Hyderabad and Bangalore, engaging L&D and HR leaders from 23 organizations, including GSIs, GCCs, and Professional Services firms.Discussions were centered around key topics like “Best Practices for Talent Imperatives in the GenAI Era” and “Developing Talent for a Tech-Driven Future.”
* StackRouteestablished strategic partnership with a leading Indian Data Science and AI company to build talent pipelines in Data Engineering, Analysis, Science, and Architecture. StackRoute also partnered with Indian GCC of one of the top banks in UK to skill and certify their workforce across technical skills ranging from legacy to cloud.
* NIIT IFBI’sACE Banker Program in partnership with HDFC bank continued to create a buzz among fresh graduates. This initiative is designed to develop skilled talent for Retail Operations, while also supporting training for various other positions across the banking industry.
NIIT’s Sales and Service Excellence(SSE) achieved significant milestones, including a 100% renewal record with the extension of a major order from an existing client for an additional year. The quarter also saw substantial new business growth, with multiple new orders from diverse industries and the renewal of a key account for a large-scale skilling program.
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