Q4 FY21 Results Impact: NIIT share price rises 16% - What investors should know

NIIT share price today is Rs 222, up Rs 24 or 12.2%. NIIT share price made a high of Rs 231.4 today. Market cap of NIIT is near 3000 cr. NIIT share price made a new life high of Rs 231.4 today. The 52 week low on the stock is Rs 86.6 and the stock multiplied nearly 3 times in the last one year.

NIIT recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations. During Q4, NIIT recorded a Net Revenue of Rs 275.5 cr, up 30% YoY and 9% QoQ. EBITDA margin was recorded at 25.2%. Profit After Tax was Rs 46.5 cr. For the full year, the Company's Net Revenue stood at Rs. 949.5 cr, up 7% YoY. EBITDA margin was recorded at 18.5% and EBITDA at Rs 175.3 cr. up 106% YoY. Profit after Tax was Rs 143 cr. The results for FY21 were taken on record at the meeting of the Board of Directors today. NIIT Board recommended 125% Dividend at Rs. 2.5 per share.

See Zee Business Live TV Streaming Below:

Quarter 4 FY21 of NIIT:

Q4 Revenue at Rs. 275.5 Cr, up 30% YoY, 9% QoQ; Q4 EBITDA margin at 25.2%
Q4 Profit after Tax at Rs. 46.5 Cr; records EPS of Rs 3.3
Corporate Learning Group (CLG) grows 34% YoY during Q4

NIIT FY21 numbers highlighted:-

FY21 Revenue at Rs. 949.5 Cr, up 7% YoY
FY21 EBITDA recorded at Rs. 175.3 Cr, up 106% YoY; FY21 EBITDA margin at 18.5%, up 888 bps YoY
FY21 Profit after Tax at Rs. 143 Cr; records EPS of Rs 10.1
CLG adds 9 Managed Training Services customers In FY21 taking the tally to 58 and revenue visibility to $ 287 Mn
Board recommends 125% Dividend at Rs. 2.5 per share

Rajendra S Pawar, Chairman and Co-Founder, NIIT Limited said: “To seize global opportunities of Digital Transformation, we are expanding the NIIT Board to enhance capabilities and increase diversity.”
The shareholders of NIIT 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 were successfully completed in May 2021. The shares purchased under the Buyback have been extinguished. Post this buyback the outstanding shares stood at 132.47 mn.
Sapnesh Lalla, CEO, NIIT Ltd. said, “Q4 has been an exceptional quarter driven by industry leading performance by Corporate Learning business and transition to digital in Skills & Careers Business. Our investments in sales and marketing and in building digital capabilities have helped the company achieve growth. The momentum is supported by a number of order wins, renewals and scope expansions this year”

About NIIT Limited:

NIIT Limited is global skills and talent Development Company and a leading provider of managed training services. Set up in 1981 to help the nascent IT industry overcome its human resource challenges, the organisation today ranks among the world's leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint in over 30 countries, it offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.