NIIT TECHNOLOGIES LTD. - 532541 - Disclosures under Reg. 18(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hulst B.V. NIIT TECHNOLOGIES LTD. - 532541 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for White Oak Capital Management Consultants LLP NIIT TECHNOLOGIES LTD. - 532541 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of loss of share certificate
NIIT Technologies sees growth amid a global slowdown
By Suhani Adilabadkar NIIT Technologies entered FY20 with steady revenue growth, a strong deal pipeline and stable margins. On robust growth momentum in FY19, NIIT Technologies reported PAT growth of 37% YoY, highest among its peer group and revenue rising 16% YoY second only to HCL Technologies. NIIT Technologies had demerged from parent NIIT in 2004 and has trebled investor wealth over the past three years. With GIS divestment and its WHISHWORKS acquisition, NIIT Technologies has outlined its future growth strategy amid ownership transition and macro uncertainty. In May 2019 the company saw 1.6 lakh shares bought up by the PE company Hulst BV. Quick Takes: NIIT Technologies reported a stable set of numbers with consolidated revenues rising 16.7%, EBDITA rising 5% and PAT flat YoY. EBDITA margins came out at 14.39% against 15.9% in Q1 FY19. Digital revenues constitute 34% of total revenues, growing 12% sequentially and 46% YoY. The company divested its stake in Esri India Technologies and acquired WHISHWORKS IT Consulting. Focus on analytics, with Americas biggest market geo NIIT Technologies, a leading global IT solutions organization with strong domain specialization and differentiated capabilities in Analytics, Automation, Cloud and Digital focuses on verticals namely Banking and Financial Services, Insurance and Travel & Transportation. The company with its focus on key priorities, i.e. drive innovation, automate processes and industrialize AI, serves clients across Americas, Europe, Asia, and Australia. Its geography mix is tilted in favour of Americas which contributes 49% followed by EMEA putting in 35% and ROW 16%. With respect to Vertical mix, Insurance tops with 29% contribution followed by TTH (Travel, Transportation and Hospitality) 28% and BFS 16% in June quarter FY19. Moving on to Service line mix, ADM (Application, Development and Maintenance) services garner 72% whereas IMS, IP and BPO constitute 17%, 6% and 4% respectively. A stable June quarter FY20 NIIT Technologies reported stable set of numbers with consolidated revenues rising 16.7% YoY to Rs. 962 cr from Rs. 825 cr corresponding quarter previous year. EBDITA reported 5% growth YoY at Rs. 139 cr against Rs. 132 cr in Q1 FY19. EBDITA margins impacted by wage hikes and visa expenses came out at 14.4% against 15.9% same period previous year declining 155 bps YoY. Net Profit or PAT was flat at Rs. 90 cr for June quarter with Net Profit of 9.3%. Moving on to segmental performance, BFS, TTH and Insurance expanded 0.8%, 3.3% and 4.3% sequentially contributing 16%, 28% and 29% respectively whereas Other segments collectively de-grew 11% QoQ representing 27% of overall revenues. The company secured fresh business of $175 million during the quarter, of which US contributed $100 Mn, EMEA $58 Mn and $17 million from ROW. NIIT Technologies added 11 new customers during the quarter with number of million dollar plus clients at 91 in Q1 FY20. Stable Growth After the parent company NIIT Ltd sold its 23% stake in NIIT Technologies to Baring Private Equity Asia, the company says its business as usual and ownership transition seems smooth. Sudhir Singh, CEO, NIIT Technologies clarified, “We have had very productive discussions with the newly reconstituted Board and the Board has been fully supportive of our agenda of driving robust, predictable and profitable growth in the future”. NIIT Technologies reported one of its best performances in FY18-19 and initiated the current financial year by two main significant transactions, disinvestment of its stake in Esri India Technologies and acquisition of WHISHWORKS IT Consulting. Esri India has been an exclusive distributor of cutting-edge GIS (geographic information system) products in India. The company has divested its 89% stake to fully focus on its core verticals and global markets. Moving on to the acquisition piece, NIIT Technologies has enhanced its digital capabilities through acquisition of WHISHWORKS, a MuleSoft and Big Data specialist. MuleSoft, a gold standard around the digital integration space, will satisfy unmet high demand for its customers. The company has been boosting its digital capabilities over the past few years, first through acquisition of Incessant, which is focussed on automation and integration of back-end systems with a digital front end and later Rule Tech to boost its digital integration abilities and expansion in North America. Thus, currently, digital revenues constitute 34% of total revenues, growing 12% sequentially and 46% YoY. Moving to other growth vectors, firstly, broad based organic revenue growth and June quarter is the 10th consecutive quarter of rise in TCV deals, standing at $175 Mn growing 16% YoY and 3% YoY. These new orders have led to $ 395 Mn of firm business executable over next 12 months. The company also added 11 new customers in Q1FY20, 5 in US, 4 in EMEA and 2 in ROW. In addition to that, strong insurance vertical growth stands out and provides stability as BFS growth was soft in June quarter impacted by lower IT spend in one of the Top 5 client base. With respect to Insurance business, Mr Sudhir Singh, said, “Insurance business has been riding on the back of a reconstituted front-end team which has done a very good job on the back of partnerships that we’ve structured with leading product players in the insurance space and of course it is also being driven on the back of the good work that has been done in terms of re-architecting, reconfiguring and revitalizing the Advantage Go product suite that we have for the Lloyds market”. Though, NIIT Technologies has reported broad based organic growth, has strong digital pipeline, margin guidance of 18%, stable attrition rate at 12.9%, utilization rate at 80.5% in Q1 FY20, June quarter results are stable yet look weak. Wait and watch is a better policy for investors before logging into NIIT Technologies. NIIT Technologies Ltd - 532541 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor Meet/Interaction NIIT TECHNOLOGIES LTD. - 532541 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of Standalone & Consolidated Quarterly Financial Results for the Quarter ended June 30, 2019 NIIT Technologies Ltd - 532541 - Outcome of Board Meeting
Un-audited Consolidated and Standalone Financial Results of the Company for the quarter ended June 30, 2019, Limited Review Report, presentation and fact sheet NIIT TECHNOLOGIES LTD. - 532541 - Shareholding for the Period Ended June 30, 2019
NIIT Technologies Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2019. For more details, kindly Click here NIIT TECHNOLOGIES LTD. - 532541 - Statement Of Investor Complaints For The Quarter Ended June 2019 (Revised)
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0000 Name of the Signatory :- Lalit Kumar SharmaDesignation :- Company Secretary and Compliance Officer