NIIT Foresees New Deals To Aid Revenue In Second Half Of FY20
NIIT Ltd. expects its five managed-training services contracts signed in the quarter ended March to result in higher revenue in the second half of the current financial year.
“The new signings bring our total tally of MTS customers to 46 now and revenue visibility of $245 million dollars,” its Vice Chairman and Managing Director Vijay Thadani told BloombergQuint in an interview. “Many of these contracts will convert into revenue in the second half of the year resulting in higher revenue swing.”
Thadani also pegged the corporate learning vertical's revenue growth at 15-20 percent in FY20. The company announced its March quarter results on Saturday.
Key Highlights: (YoY)
- Revenue rose 8 percent to Rs 239.7 crore.
- Ebitda jumped to 6 percent to Rs 23.4 crore.
- Net Profit increased 18 percent to Rs 23.2 crore.
- Corporate learning group revenue rose 9 percent to Rs 158.8 crore.
- Board announced a dividend of Rs 5 per share.
Shares of NIIT fell as much as 4.6 percent to Rs 97.50 in today's trade compared with a 0.4 percent gain in the Nifty Index.
Watch the full video here:
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
