NIIT Learning Systems Q1 Results Total Revenue ₹407.23 Crores & Net income ₹60.0 Crores

NIIT Learning Systems Q1 Results: The NIIT Learning Systems table shows financial results for the first quarter of June 2024. The company's total revenue was ₹407.23 crores, which is a 2.34% increase from the previous quarter (QoQ) and a 6.51% increase compared to the same quarter last year (YoY). The selling, general, and administrative expenses totaled ₹270.04 crores, up 3.14% from the last quarter and 3.07% YoY. Depreciation and amortization costs were ₹14.00 crores, showing a 10.40% rise QoQ but an 8.32% decrease YoY.

NIIT Learning Systems’ Other operating expenses increased by 5.66% from the previous quarter and 17.94% YoY, reaching 41.09 crores. Total operating expenses grew 4.59% QoQ and 4.78% YoY, amounting to ₹328.12 crores. Operating income was ₹79.11 crores, down 6.02% from the previous quarter but up 14.31% YoY. Net income before taxes was ₹81.25 crores, a 3.14% decrease QoQ but an 18.95% increase YoY. Net income itself was ₹60.02 crores, rising 10.25% from the previous quarter and 8.79% YoY. Finally, the diluted normalized EPS increased by 14.31% QoQ and 6.31% YoY, reaching 4.41.

Here’s a summary of NIIT Learning Systems' Q1 financial results:

(₹ in Millions)

NIIT Learning Systems Q1 Results

NIIT Learning Systems' table shows financial performance for the three months ended June 30, 2024, and compares it with previous periods. The company’s total income for the most recent three-month period was ₹4,165.75 million, which is slightly higher than the ₹4,078.50 million earned in the previous quarter and more than the ₹3,897.21 million earned a year ago. This income includes revenue from operations and other sources like investments.

NIIT Learning Systems’ total expenses for the latest period were ₹3,324.23 million, which is higher than the ₹3,239.70 million from the previous quarter and ₹3,205.51 million from a year ago. Major expenses include employee salaries, professional services, and finance costs.

NIIT Learning Systems’ After subtracting expenses from income, the profit before tax was ₹812.47 million for the latest period, which is lower than the previous quarter but higher than a year ago. The profit after tax, which is the net income, was ₹600.19 million.

NIIT Learning Systems’ table also lists earnings per share (EPS), which shows how much profit is attributable to each share of the company’s stock. For the latest period, the basic EPS was ₹4.43. Finally, it includes figures for comprehensive income and equity capital, giving a full picture of the company’s financial health.

Here’s a summary of the financial results you provided, with the data presented in a clear table format:

(Rs in Millions, except per share data)

NIIT Learning Systems Financial Performance

The table for NIIT Learning Systems shows key financial details about the company. Market Cap of ₹7,068 Crore indicates the total value of the company's shares. The Current Price is ₹520 per share, while the High / Low prices range from ₹577 to ₹342, showing the highest and lowest prices over a period. The Stock P/E ratio is 31.6, which measures how expensive the stock is relative to its earnings. Book Value of ₹72.2 is the value of the company's assets per share. The Dividend Yield of 1.00% shows the return on investment through dividends.

Here's the information in table format:

Quarterly Results 

NIIT Learning Systems' financial results for December 2023, March 2024, and June 2024 show steady performance with some variations. In December 2023, the company reported sales of ₹391 crores and operating profit of ₹90 crores with a 23% profit margin. By March 2024, sales grew to ₹398 crores, and operating profit increased to ₹97 crores, maintaining a 24% margin. In June 2024, sales reached ₹407 crores, and operating profit was slightly lower at ₹96 crores, but the profit margin remained stable at 24%. 

Here's the financial results with details for December 2023, March 2024, and June 2024:

About NIIT Learning Systems 

NIIT Learning Systems provides high-quality education and training in information technology. Founded in 1981, NIIT offers programs designed to help people learn new tech skills, even if they don’t have a background in technology. They work with companies around the world to improve their employees' skills and solve business problems. NIIT uses modern methods and tools to make learning effective and accessible. With a reputation for excellence, NIIT has become a trusted name in IT education, helping individuals and businesses stay ahead in the fast-changing world of technology.