NIIT Limited Reports Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 20, 2017 at 07:57 am
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NIIT Ltd. reported standalone unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported income from operations of INR 825.2 million, loss from operations before other income and finance costs and exceptional items of INR 145.7 million, loss from ordinary activities before tax of INR 124.6 million, net loss of INR 127.2 million or basic and diluted loss per share of INR 0.077 compared to the income from operations of INR 1,040.3 million, loss from operations before other income and finance costs and exceptional items of INR 133.3 million, loss from ordinary activities before tax of INR 146.1 million, net loss of INR 147.7 million, basic and diluted loss per share of INR 0.089 for the same quarter a year ago.
For the year to date, the company reported income from operations of INR 2,717.3 million, loss from operations before other income and finance costs and exceptional items of INR 281.5 million, loss from ordinary activities before tax of INR 110.6 million, net loss of INR 118.9 million or basic and diluted loss per share of INR 0.072 compared to the income from operations of INR 2,757.7 million, loss from operations before other income and finance costs and exceptional items of INR 272.8 million, loss from ordinary activities before tax of INR 130.5 million, net loss of INR 133.5 million or basic and diluted loss per share of INR 0.081 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.