NIIT Technologies PAT rises 2% YoY to Rs 88 crore

PUNE: NIIT Technologies reported a profit after tax of Rs 87.6 crore for the quarter ended June 30, 2019, up 2 per cent from the corresponding quarter last year.

Revenues for the quarter were at Rs 962.7 crore, up 16.7 per cent on year-on-year (YoY) basis. The quarter had one-time non-recurring expense of Rs 235 million translating to a negative impact of 240 bps. Adjusted for that, the EBITDA margin for the quarter stood at 16.9 per cent, an expansion of 103 basis points YoY, and PAT at Rs 100.6 crore, the company said in a filing.

NIIT Technologies secured new business worth $175 million during the quarter and said that the orders executable over the next twelve months have increased to $395 million.


“We registered a good performance in Q1 FY20 and the fundamentals of the business are strong,” said CEO Sudhir Singh.

Digital revenues grew 46 per cent contributing to 34 per cent of the total revenues. Americas, EMEA, APAC and India contributed 49 per cent, 35 per cent, 11 per cent and 5 per cent to the revenue mix.

In terms of verticals, banking and financial services grew 2.8 per cent quarterly, while travel and transportation and insurance grew at 5.9 per cent and 6.6 per cent respectively. These three verticals together contribute about 65 per cent of the company's total revenues.