NIIT Tech profit up 12% at Rs 119.5 crore

NIIT Technologies’ net profit increased 12.2 per cent to Rs 119.5 crore for the quarter ended September 30. Revenue for the period was up 19 per cent at Rs 1,038.5 crore. EBITDA margin expanded to 18.3 per cent, up 118 basis points quarter-on-quarter (QoQ).

“We have delivered robust revenue and margin performance yet again, in line with our stated intent to drive robust, predictable and profitable growth for our business. The fundamentals of the business continue to be strong, as reflected in the sustained deal wins and the operating margin threshold that we have established,” said Sudhir Singh, Chief Executive Officer, NIIT Technologies.

Digital revenue grew 56 per cent year-on-year (YoY) and 18 per cent QoQ, contributing to 38 per cent of the total revenue in the quarter.


Americas, EMEA, APAC and India contributed 49 per cent, 37 per cent, 10 per cent and 4 per cent of the revenue mix, respectively.

The order intake for the quarter stood at $176 million, taking the order book executable over the next twelve months to $405 million.

The numbers are for continuing operations, excluding the ESRI business, which it divested earlier this year.