NIIT Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Ended December 31, 2017 and Consolidated Earnings Results for the Third Quarter Ended December 31, 2017
January 23, 2018 at 03:07 am EST
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NIIT Limited reported unaudited standalone earnings results for the third quarter and nine ended December 31, 2017 and consolidated earnings results for the third quarter ended December 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 904.9 million against INR 843.3 million a year ago. Total income was INR 965.8 million against INR 916.6 million a year ago. Loss before exceptional items and tax was INR 11.8 million against INR 79.2 million a year ago. Loss before tax was INR 31.5 million against INR 79.2 million a year ago. Loss for the period was INR 32.1 million or INR 0.19 per basic and diluted share against INR 81.8 million or INR 0.49 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 2,639.9 million against INR 2,701.2 million a year ago. Total income was INR 3,024.4 million against INR 3,003.5 million a year ago. Profit before exceptional items and tax was INR 32.4 million against loss before exceptional items and tax of INR 130.9 million a year ago. Profit before tax was INR 10.2 million against loss before tax of INR 124.0 million a year ago. Profit for the period was INR 8.6 million or INR 0.05 per basic and diluted share against loss for the period of INR 132.3 million or INR 0.80 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported net revenue of INR 2,094 million against INR 2,020 million a year ago. EBITDA was INR 184 million against INR 109 million a year ago. Profit after tax was INR 197 million against INR 44 million a year ago. Net debt was INR 419 million.
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 Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Ended December 31, 2017 and Consolidated Earnings Results for the Third Quarter Ended December 31, 2017