NIIT Limited, the leading Global Talent Development Corporation has posted consolidated net revenues of Rs. 283.6 Cr, representing a growth of 2% YoY, for the quarter ending December 31, 2009. The company’s system-wide revenue stood at Rs. 396.5 Cr, up 2% YoY.
In this quarter, the company recorded Profit After Tax of Rs 9.5 Cr compared to Rs 5.5 Cr for the same period last year, representing 74% growth YoY. The results were taken on record at the meeting of the Board of Directors here today.
Commenting on the company’s performance and growth plans, NIIT Chairman Mr. Rajendra S Pawar said, “An improving market coupled with product innovation contributed to significant improvements in enrolments and order intake.”
Individual Learning Solutions – IT recorded 11% growth in net revenue YoY and 22 % growth in enrolments.
In this quarter, NIIT entered into strategic alliance with SAP to offer training programs to prepare SAP consultants in the world-leading business software, Enterprise Resource Planning and related applications provided by SAP. The company also forged an alliance with IBM to offer cutting edge training programs on IBM technologies.
School Learning Solutions with an order intake of Rs. 73.8 crores grew 197% YoY.
During the quarter NIIT added 641 schools, reflecting repeat orders from the states of Gujarat, Assam and Andhra Pradesh and also a strong response from private schools.
- PAT up 74 % at Rs. 9.5 crores – Individual Learning Solutions Enrolments up 22 % – Corporate and Institutional order intake at Rs. 237 crores, up 31% – Net Revenue up 2% at Rs. 283.6 crores