NIIT Ltd: Consolidated Results For Q4 And Financial Year 2020-21
NIIT Limited reported its results for FY21 and the fourth quarter ending March 31, 2021.
NIIT recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimise business operations.
Quarter 4 FY21 Highlights NIIT Limited: Consolidated Financials for Quarter ended March 31, 2021 | |||
(in Rs. Crores) | Quarter ended March 31, 2021 | Quarter ended March 31, 2020 | YoY growth |
Net Revenue | 275.5 | 211.2 | 30% |
EBITDA | 69.4 | 3.1 | +66.3 Cr |
Profit After Tax | 46.5 | 0.6 | +45.9 Cr |
FY21 Highlights NIIT Limited: Consolidated Financials for Year ended March 31, 2021 | |||
(in Rs. Crores) | Year ended March 31, 2021 | Year ended March 31, 2020 | YoY growth |
Net Revenue | 949.5 | 889.2 | 7% |
EBITDA | 175.3 | 85.2 | 106% |
Profit After Tax | 143.0 | 1327.5* | (89%)* |
Earlier in the quarter, the shareholders of the Company approved a proposal for buyback of up to 98.75 Lac equity shares at a price of Rs. 240/- per Equity Share. Post statutory approvals, the buyback offer was successfully completed in May 2021. The shares purchased under the Buyback have been extinguished. Post this buyback the outstanding shares stood at 132.47 million.
Business Highlights
- Corporate Learning Group (CLG) recorded revenues of Rs. 235.3 Cr, up 8 per cent QoQ during Q4. Full-year revenue for CLG was recorded at Rs. 825.4Cr, up 19 per cent YoY. Revenue visibility stood at $ 287 Mn.
- During the year, CLG signed 9 new MTS contracts in FY21, expanded contract with 5 customers, and renewed contracts with 12 customers. The total number of MTS customers stands at 58.
- NIIT also developed templates and roadmaps to help L&D functions respond to the COVID-19 pandemic. NIIT’s Adaptive Learning Research in association with Josh Bersin Academy involved in-depth conversations and surveys with more than 100 large global companies.
- Skills & Careers Business (SNC) recorded Q4 net revenue of Rs 40.2Cr. up 12 per cent YoY. For the full year, SNC recorded net revenue of Rs. 124.1 Cr.
- The India business growth for the quarter was driven by NIIT digital platform and StackRoute business. During FY21 SNC has successfully transitioned its customers to the NIIT Digital platform and through this, learners are able to access their learning plans and all associated content and services digitally.
