NIIT Learning Systems Q2 net profit zooms ~22% y-o-y

23 Oct 2024 , 03:05 PM

NIIT Learning Systems Limited (NLSL) reported a 22% increase in net profit for the second quarter (Q2) of FY25, reaching ₹57 Crore from ₹46.9 Crore the previous year. Revenue increased 4% YoY at ₹397.4 Crore, up from ₹381.9 Crore in Q2FY24.

The company’s EBITDA increased by 3% year-on-year to ₹93.6 Crore, with a margin of 24%. The EPS for the quarter was ₹4.2.

NIIT Learning Systems welcomed two new Managed Training Services (MTS) customers this quarter. The company stated that these included a well-known worldwide FMCG brand and a big participant in the energy sector.

NIIT MTS has now partnered with four of the top ten energy firms.

In Q2 FY25, we continued to produce year-on-year growth and profitability, acquiring two notable clients and maintaining a 100% renewal rate. “Our innovative solutions, including GenAI-powered platforms, have been critical in driving customer retention,” stated Vijay K. Thadani, Vice Chairman & Managing Director of NIIT MTS.

This growth raises their overall number of MTS clients to 91, with revenue visibility reaching USD 368 million. In addition, the organisation obtained a 100% contract renewal rate.

Our Q2 FY25 performance demonstrates great customer trust and long-standing partnerships. Despite lower industry budgets, we maintained industry-leading growth, customer acquisition, and retention, said Sapnesh Lalla, CEO and Executive Director of NIIT MTS.

At around 2.58 PM, NIIT was trading 1.68% higher at ₹159.92, against the previous close of ₹157.28 on NSE. The counter touched an intraday high and low of ₹164.75, and ₹153.01, respectively.

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