NIIT Limited announces Q1 (April – June 2020) Consolidated Results

NIIT Limited announces Q1 (April – June 2020) Consolidated Results

 

 

 

  • Revenue recorded at Rs. 201.8 Cr, PAT at Rs. 29.0 Cr.
  •  EBITDA margin recovers to 12.1% after a sharp decline in Q4
  •  CLG records revenue growth of 17% YoY with EBITDA margin of 17%
  •  Adds 3 new MTS logos, taking revenue visibility to $263 Mn

NIIT Limited, a global leader in skills and talent development, today reported its results for the first quarter ending June 30, 2020. During the quarter, the company recorded a Net Revenue of Rs. 201.8 Cr. EBITDA was Rs. 24.3 Cr. and the EBITDA margin stood at 12.1%. Profit After Tax was recorded at Rs. 29 Cr.

The results were taken on record at the meeting of the Board of Directors held today. Speaking on the occasion, Mr. Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, “Agile and decisive actions on strategy and cost control helped the company to garner new revenue opportunities and recover profitability which had declined sharply in the previous quarter.”
Corporate Learning Group (CLG) recorded net revenue of Rs. 178.5 Cr, up 17% YoY. CLG added 3 new managed training services contracts (Including 2 Lifesciences customers and 1 Global Leader in Social Media) and expanded its relationship with one existing client. The number of MTS customer tally stands at 55 and Revenue Visibility at the end of the quarter was at S 263 million.

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