BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
NIIT Ltd. reported 3.1% QoQ decline in revenue (our estimate: down 2.3%), with decline led by corporate learning group division de-growth of 3.9% QoQ (5% in constant currency terms), and skills and career business (including RPS business), declined 0.5% QoQ.
CLS business added three new contracts.
Operating profit margin declined to 10.5% (our estimate: 10.0%), down 439 bps QoQ, due to decline in CLG business, product mix changes, wage hikes, resumption of travel costs and growth investments.
NIIT's CLS Ebitda margin stood at 18.0%, a decline of 584 bps QoQ, while SNC reported Ebitda of 3% (up 264 bps QoQ). CLG margin is expected to stabalise at current levels while SNC margins to improve gradually.
Global macro uncertainty and guidance downgrade for CLG reflects pressures faced by clients in near term, while medium to long-term prospects remain positive.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
