Q4FY24 Quarterly & FY24 Annual Result Announced for NIIT Ltd.
IT Training Services company NIIT announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Q4 Revenue at Rs 743 million, up 24% YoY EBITDA at Rs 13 million, vs. EBITDA loss of Rs 95 million LY Profit After Tax (PAT) at Rs 112 million, vs. loss of Rs 94 million LY FY24 Financial Highlights: FY24 Revenue at Rs 3,035 million EBITDA at Rs 48 million; EBITDA margin up 129 bps YoY Profit After Tax (PAT) at Rs 384 million, vs. Rs 32 million LY EPS of Rs 2.85 vs. Rs 0.24 LY Vijay K. Thadani, Vice Chairman and Managing Director, said, “The business has responded with agility to the IT hiring freeze with alternate growth strategies which resulted in getting back on the path of growth in Q4. We have received very encouraging response from our customers for adoption of GenAI in improving productivity. We are very excited about the opportunities emerging out of integrating GenAI towards outcome-based learning.” Rajendra S Pawar, Chairman and Co-Founder, NIIT Ltd said, “We remain committed to empowering individuals and building a future-ready workforce. The results showcase the impact of our tailored programs and strategic investments in areas like Generative AI and new-age skills. This empowers individuals at all career stages to thrive.” Result PDF24-05-2024