NIIT Limited Reports Consolidated Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 20, 2017 at 07:52 am
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NIIT Limited reported consolidated earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported net revenue of INR 2,673.00 million and EBITDA of INR 80.0 million compared to the net revenue of INR 2,623.00 million and EBITDA of INR 164.00 million for the same quarter a year ago. Loss before tax was INR 70 million against INR 21 million a year ago. Operating net loss was INR 93 million against INR 26 million a year ago. PAT was INR 60 million or INR 0.4 basic per share against INR 137 million or INR 0.8 basic per share a year ago. Revenue growth & EBITDA impacted by Demonetisation and loss of one Corporate client due to external regulatory change.
For the year to date, the company reported net revenue of INR 8,261.00 million, EBITDA of INR 587.00 million, profit after tax of INR 349.00 million compared to the net revenue of INR 7,680.0 million, EBITDA of INR 579.00 million, profit after tax of INR 495.00 million for the same period a year ago.
NIIT Limited is an India-based information technology services company. The Company is engaged in providing skills and talent development solutions to individuals, enterprises, and institutions. The Company provides a range of managed training services, which includes curriculum design and custom content development, learning delivery, learning administration, strategic sourcing, learning technology and advisory services. The Company provides specialized solutions, which include customer education, gamification, augmented reality and virtual reality, application rollouts, content curation and learner engagement and talent pipeline as a service. It offers content development, with capabilities that include gaming and simulation, two-dimensional (2D) and three-dimensional (3D) animation, and high-end video. Its content curation solution uses a process-driven approach with structured learning pathways designed to filter content to the learner in a phased manner.
NIIT LIMITED 
