NIIT Limited , a global leader in skills and talent development, today reported a rise of 350 percent in its PAT for the quarter ended December 31, 2017 at Rs 19.70 crore as compared with PAT of Rs 4.40 crore for the same quarter a year ago.
Net Revenue for the quarter under review grew by 4 percent to Rs 209.4 Crore as compared with net revenue of Rs 202 crore for thr quarter ended December 31,2016., company release said.
EBITDA was rose by 69 percent to Rs 18.4 Crore compared with Rs 10.9 crore for thr eame quarter a year ago period. Net debt was recorded at Rs. 41.9 Crore Commenting on the company’s performance during the quarter Sapnesh Lalla, CEO, NIIT Ltd. said, ‘A robust and continuing growth in Corporate Learning Group coupled with strong operational controls in other businesses, resulted in 8 percent Year-on-Year growth in go forward business in constant currency terms, and a 69 percent Year-on-Year growth in EBITDA, despite it being the weakest seasonal quarter.’
Corporate Learning Group (CLG) recorded net revenue of Rs. 129.4 Cr up 14 percent Year-on-Year in constant currency terms, on an EBITDA of Rs 19.8 Cr, up 29 percent Year-on-Year. It renewed a marquee MTS contract resulting in revenue visibility of $ 199 mn, up 44 percent Year-on-Year from 38 MTS customers.