NIIT Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 18, 2013 at 09:15 am
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NIIT Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 1,458.4 million against INR 1,491.9 million a year ago. Loss from operations before other income, finance costs & exceptional items was INR 172.5 million against INR 164.6 million a year ago. Profit from ordinary activities before tax was INR 4.8 million against INR 755.7 million a year ago. Net loss was INR 29.9 million or INR 0.18 per basic and diluted share against net profit of INR 557.5 million or INR 3.38 per basic and diluted share a year ago.
For the nine months, the company reported net sales/income from operations of INR 4,921.4 million against INR 5,017.3 million a year ago. Loss from operations before other income, finance costs & exceptional items was INR 283.8 million against INR 213.9 million a year ago. Profit from ordinary activities before tax was INR 8.5 million against INR 707.7 million a year ago. Net loss was INR 26.7 million or INR 0.16 per basic and diluted share against net profit of INR 529.8 million or INR 3.21 per basic and diluted share 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 
