
NIIT Limited announced its financial results for the third quarter ended December 31, 2024. The company reported strong growth across key financial metrics:
Financial Highlights:
- Revenue: ₹981 million, an increase of 15% YoY and 8% QoQ.
- EBITDA: ₹92 million, growing 344% QoQ from ₹21 million in Q2 FY25 and 18% YoY from ₹78 million in Q3 FY24.
- Profit After Tax (PAT): ₹134 million, up 13% QoQ from ₹118 million in the previous quarter. However, PAT declined 7% YoY from ₹144 million in Q3 FY24.
- Earnings Per Share (EPS): ₹1.0 for the quarter.
Key Growth Drivers:
- Technology Vertical: Advanced programs in enterprise architecture, delivery excellence, and GenAI drove growth.
- BFSI and Other Programs: Collaborations with private sector banks boosted volumes, particularly in innovative training solutions.
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 been driven by swift actions that company took to expand its client base including GCCs, Tier II GSIs, large private sector banks and leading Indian enterprises. The hiring environment remains volatile, and the business will continue to adapt to changing circumstances.”
“At NIIT, skilling individuals with industry relevant competences has 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.