Niit share price

Q3FY23 Quarterly Result Announced for NIIT Ltd. IT Training services company NIIT announced Q3FY23 results: • Q3FY23: • Q3 Revenue at Rs 454.6 crore, up 18% YoY, 16% QoQ • Records EBITDA at Rs 90.8 crore, up 10% YoY, 62% QoQ; Profit After Tax of Rs 55 crore • Corporate Learning Group (CLG) records revenue visibility of USD 321 Million with 71 MTS customers • Acquires US based St. Charles Consulting Group LLC (St) a leading provider of strategic learning solutions to top tier global professional services & management consulting firms. Commenting on the results, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "In the midst of an uncertain macroeconomic environment, NIIT further strengthened its market position by recording a revenue growth of 16% QoQ and 18% YoY. "The acquisition of St. Charles Consulting Group is aligned with NIIT's stated strategy to deploy its growth capital for the purpose of expanding its capability set and accessing new market segments.", added Mr. Thadani. Description • NIIT Limited, the global IT Learning Solutions Corporation, is known for its pioneering work in the field of IT education and training. The brainchild of two, young Indian entrepreneurs pioneered and nurtured the concept of high quality IT education in India. Set up in 2nd December of the year 1981 under the name of Pace Education Private Limited. NIIT has trained one out of every three software professionals in the country and become a beacon in the global IT re...

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. It 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. ;

Shares of NIIT will turn ex-date for demerger on Thursday. The company had announced a composite scheme of arrangement wherein the training company transferred its corporate learning business to new company NIIT Learning Systems. It got effective from May 24. Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT when the latter gets listed on stock exchanges. Today is also the record date for the corporate action, which means the company will check its records to identify the eligible shareholders of NIIT, who would be allotted shares by NIIT Learning Systems pursuant to the scheme of arrangement. NIIT will focus on the skills & careers business while would operate the corporate learning business while NIIT Learning Systems would take care of corporate learning business. NIIT Learnings Systems reported a profit after tax of Rs 192.20 crore for FY23. It revenue for the year was up 20 per cent at Rs 1,361.80 crore. Ebitda margin for the quarter stood at 23.2 per cent. NIIT Learnings Systems added 12 global managed training services contracts for the year, did two contract expansion and 13 contract extensions. Watch: On the other hand, NIIT's profit (demerged) for the year stood at Rs 3.20 crore. Its revenue rose 36 per cent YoY to Rs 341.30 crore. On May 29, Chairman and Co-founder of NIIT Group Rajendra S Pawar said NIIT group post demerger emerged as a stronger and more dynamic organisation, unlocking growth and value for its customers, sh...

• NIIT shares opened at Rs 98.70 level (adjusted of demerger) against Wednesday's closing price of Rs 405.90 • The stock later jumped 3.75 per cent to hit a high of Rs 102.40 as the session progressed • Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT when the latter gets listed on stock exchanges Shares of NIIT on Thursday traded adjusted of the demerged corporate learning business. The stock opened at Rs 98.70 level (adjusted of demerger) against Wednesday's closing price of Rs 405.90. The stock later jumped 3.75 per cent to hit a high of Rs 102.40 as the session progressed. To recall, NIIT had announced a composite scheme of arrangement wherein the company transferred its corporate learning business to new company NIIT Learning Systems. It got effective from May 24. Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT when the latter gets listed on stock exchanges. Thursday was also the record date for the corporate action. It means that NIIT will check its records to identify the eligible shareholders, who would be allotted shares by NIIT Learning Systems. While NIIT would focus on its skills & careers business, NIIT Learning Systems would take care of corporate learning business. Watch: Data showed NIIT Learnings Systems reported a profit after tax of Rs 192.20 crore for FY23. It revenue for the year was up 20 per cent at Rs 1,361.80 crore. Ebitda margin for the quarter stood at 23.2 per cent. N...

NIIT share price jumped 8 percent in the afternoon session on June 4 after the company reported the fourth-quarter profit after tax (PAT) at Rs. 46.5 crore against Rs 0.6 crore in the year-ago period. The company's consolidated revenue jumped 30.5 percent at Rs 275.5 crore against Rs 211.2 crore (YoY). Consolidated EBITDA came in at Rs 68.4 crore against Rs 2.1 crore and consolidated EBITDA margin at 24.8 percent against 1 percent (YoY). NIIT recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimised business operations. During the quarter, the company recorded a net revenue of Rs 275.5 crore, up 30 percent YoY and 9 percent QoQ, it said in an exchange filing. For the full year, the company's net revenue stood at Rs 949.5 crore, up 7 percent YoY. EBITDA margin was recorded at 18.5 percent and EBITDA at Rs 175.3 crore up 106 percent YoY, the company added. The board also recommended a 125 percent dividend at Rs 2.5 per share. "In a challenging year marked by the pandemic, NIIT has shown resilience, decisiveness and agility. The corporate Business continues to accelerate. The investment in digital transformation of the business has created new opportunities for growth and improvement in profitability," said Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited.

NIIT Ltd.: Share Price, Stock Analysis, Annual Report | Value Research NIIT Ltd.: Share Price, Stock Analysis, Annual Report | Value Research https://www.valueresearchonline.com/stocks/43425/niit-ltd/ Get NIIT Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Business NIIT Limited, a talent development organization, engages in building skilled human capital and enhancing workforce talent worldwide. It offers learning and development transformation services, including augmented and virtual reality-based learning solutions, curriculum transformation, and portfolio optimization. The company also provides skills and careers programs, which includes software and product engineering, data sciences and analytics, cloud computing, cybersecurity, banking and finance, digital marketing, content design, UI/UX, project/product/ program management, sales & service excellence, professional life skills, business process excellence, and multi-sectoral vocational and professional skills. Its brands portfolio comprises the training.com, a learning platform for career programs; NIIT.tv, a digital learning platform; banking, insurance, and financial services under IFBI brand; and NIIT NGuru that offers various education solutions for schools comprising interactive classrooms for teachers, as well as math lab, mobile science labs, IT wizard programs, learning labs for students, and education resource planning solution...

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. It 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 share price jumped 8 percent in the afternoon session on June 4 after the company reported the fourth-quarter profit after tax (PAT) at Rs. 46.5 crore against Rs 0.6 crore in the year-ago period. The company's consolidated revenue jumped 30.5 percent at Rs 275.5 crore against Rs 211.2 crore (YoY). Consolidated EBITDA came in at Rs 68.4 crore against Rs 2.1 crore and consolidated EBITDA margin at 24.8 percent against 1 percent (YoY). NIIT recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimised business operations. During the quarter, the company recorded a net revenue of Rs 275.5 crore, up 30 percent YoY and 9 percent QoQ, it said in an exchange filing. For the full year, the company's net revenue stood at Rs 949.5 crore, up 7 percent YoY. EBITDA margin was recorded at 18.5 percent and EBITDA at Rs 175.3 crore up 106 percent YoY, the company added. The board also recommended a 125 percent dividend at Rs 2.5 per share. "In a challenging year marked by the pandemic, NIIT has shown resilience, decisiveness and agility. The corporate Business continues to accelerate. The investment in digital transformation of the business has created new opportunities for growth and improvement in profitability," said Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited.

• NIIT shares opened at Rs 98.70 level (adjusted of demerger) against Wednesday's closing price of Rs 405.90 • The stock later jumped 3.75 per cent to hit a high of Rs 102.40 as the session progressed • Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT when the latter gets listed on stock exchanges Shares of NIIT on Thursday traded adjusted of the demerged corporate learning business. The stock opened at Rs 98.70 level (adjusted of demerger) against Wednesday's closing price of Rs 405.90. The stock later jumped 3.75 per cent to hit a high of Rs 102.40 as the session progressed. To recall, NIIT had announced a composite scheme of arrangement wherein the company transferred its corporate learning business to new company NIIT Learning Systems. It got effective from May 24. Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT when the latter gets listed on stock exchanges. Thursday was also the record date for the corporate action. It means that NIIT will check its records to identify the eligible shareholders, who would be allotted shares by NIIT Learning Systems. While NIIT would focus on its skills & careers business, NIIT Learning Systems would take care of corporate learning business. Watch: Data showed NIIT Learnings Systems reported a profit after tax of Rs 192.20 crore for FY23. It revenue for the year was up 20 per cent at Rs 1,361.80 crore. Ebitda margin for the quarter stood at 23.2 per cent. N...

Q3FY23 Quarterly Result Announced for NIIT Ltd. IT Training services company NIIT announced Q3FY23 results: • Q3FY23: • Q3 Revenue at Rs 454.6 crore, up 18% YoY, 16% QoQ • Records EBITDA at Rs 90.8 crore, up 10% YoY, 62% QoQ; Profit After Tax of Rs 55 crore • Corporate Learning Group (CLG) records revenue visibility of USD 321 Million with 71 MTS customers • Acquires US based St. Charles Consulting Group LLC (St) a leading provider of strategic learning solutions to top tier global professional services & management consulting firms. Commenting on the results, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "In the midst of an uncertain macroeconomic environment, NIIT further strengthened its market position by recording a revenue growth of 16% QoQ and 18% YoY. "The acquisition of St. Charles Consulting Group is aligned with NIIT's stated strategy to deploy its growth capital for the purpose of expanding its capability set and accessing new market segments.", added Mr. Thadani. Description • NIIT Limited, the global IT Learning Solutions Corporation, is known for its pioneering work in the field of IT education and training. The brainchild of two, young Indian entrepreneurs pioneered and nurtured the concept of high quality IT education in India. Set up in 2nd December of the year 1981 under the name of Pace Education Private Limited. NIIT has trained one out of every three software professionals in the country and become a beacon in the global IT re...