NIIT Ltd Q2FY21 consolidated net profit at Rs. 26.03 crore

NIIT LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.237.83 crores during the period ended September 30, 2020 as compared to Rs.237.71 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.26.03 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.28.96 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.82 for the period ended September 30, 2020 as compared to Rs.2.04 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 237.83 crs	₹ 237.71 crs	0.05%
Net Profit	₹ 26.03 crs	₹ 28.96 crs	-10.12%
EPS	₹ 1.82	₹ 2.04	-10.78%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.237.83 crores during the period ended September 30, 2020 as compared to Rs.273.09 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.26.03 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.209.30 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.82 for the period ended September 30, 2020 as compared to Rs.12.44 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 237.83 crs	₹ 273.09 crs	-12.91%
Net Profit	₹ 26.03 crs	₹ 209.30 crs	-87.56%
EPS	₹ 1.82	₹ 12.44	-85.37%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.475.54 crores during the 6 months period ended September 30, 2020 as compared to Rs.496.97 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.54.99 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.1299.72 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.3.86 for the 6 months period ended September 30, 2020 as compared to Rs.77 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 475.54 crs	₹ 496.97 crs	-4.31%
Net Profit	₹ 54.99 crs	₹ 1299.72 crs	-95.77%
EPS	₹ 3.86	₹77	-94.99%

Speaking on the company's performance during the quarter, Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited said, "The organisation demonstrated tremendous resilience to strengthen its market position and improve operational efficiency, while accelerating the pace of Digital Transformation in all aspects of the business".

Commenting on the quarter performance, Sapnesh Lalla, CEO, NIIT Ltd. said, "The Corporate Learning Group (CLG} continues to see momentum in attracting new customers and retaining and expanding existing relationships. In the first half of the year CLG added 5 new MTS logos, and has strong revenue visibility of$ 259 Mn. Our customers see NIIT as a partner who can help them become an Adaptive Learning Organization so that they can respond to fast changing business needs."

Shares of NIIT LTD. was last trading in BSE at Rs.133.95 as compared to the previous close of Rs. 140.55. The total number of shares traded during the day was 54433 in over 1187 trades.

The stock hit an intraday high of Rs. 138.1 and intraday low of 132.35. The net turnover during the day was Rs. 7374498.

Source : Equity Bulls

Keywords