Niit

NIIT zooms 29% in 2 days after Ramesh Damani, Promoters buy stake

NIIT share price today: On Friday, August 23, Ramesh Shrichand Damani bought 800,000 equity shares, representing 0.59 per cent stake in the total equity of NIIT at a price of Rs 127.55 on the NSE

NIIT Q1FY25 results: PAT rises to Rs 7.75 cr, revenue up 32% at Rs 82.47 cr

Talent development company NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period. Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal. Seen sequentially, revenue grew 10.93 per cent, but net profit declined 30.5 per cent. "The growth was driven by expansion in number of customers across private banks, GCCs, Tier II GSIs and large Indian enterprises. All round growth in the business led by 94 per cent YoY growth in BFSI and other programmes and technology programmes up 13 per cent YoY. BFSI & other programmes contributed 34 per cent of revenue in the quarter," the company said in a statement. NIIT vice chairman and managing director Vijay K Thadani, during the company's earnings press conference, said the revenue is in harmony with ...

NIIT announces appointment of Pankaj Jathar as chief executive officer

Jathar has over 25 years of professional experience in consumer-focused businesses, including e-commerce, startups, and D2C ventures

NIIT Q4 results: PAT at Rs 11 cr; revenue from operations at Rs 74 cr

Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing. Revenue from operations in the January-March quarter came in at Rs 74.34 crore, a 23.81 per cent jump from the year-ago period. Despite a continuing freeze in IT sector hiring and compression in spending, the business has exited the year with year-on-year growth in Q4, after starting Q1 with a steep decline, the company said in an investor presentation. Vice Chairman and Managing Director Vijay K Thadani said Q4 was a seasonally weak quarter for the business. Therefore, year-on-year changes are more appropriate for comparison, he said. "The business has responded with agility to the IT hiring freeze with alternate growth strategies which resulted in getting back on the path of growth in Q4,"

NIIT appoints Pankaj Prabhakar Jathar as new CEO with effect from July 1

NIIT Ltd on Monday announced the appointment of Pankaj Prabhakar Jathar as its new Chief Executive Officer. The appointment shall be with effect from July 1, 2024, the company said in a regulatory filing. Jathar replaces Sapnesh Lalla who will continue to serve as non-executive director at NIIT Limited and remain CEO of NIIT Learning Systems. Gurgaon-based NIIT is a skills and talent development company offering online & offline training courses. NIIT shares closed 2.03 per cent down at Rs 110.75 on BSE.

NIIT Learning Systems Q3 results: Net profit rises 23% to Rs 57 crore

NIIT Learning Systems on Wednesday posted a 23.27 per cent rise in its consolidated profit after tax at Rs 56.7 crore in the third quarter ended December 2023. The company had posted a PAT (profit after tax) of Rs 46 crore in the same period a year ago, NIIT Learning Systems said in a regulatory filing. The company's revenue from operations increased by 7.7 per cent to Rs 391.32 crore in the December 2023 quarter from Rs 363.29 crore in the corresponding quarter a year ago. "Business saw an uptick in sequential growth on the back of continuing addition of new customers and 100 per cent renewals despite compression of spends. We are making a strong commitment to investing in AI for improving effectiveness of learning interventions and are getting positive response from our customers," NIIT Learning Systems Limited (NLSL) Executive Director and CEO Sapnesh Lalla said. NIIT MTS added two new MTS (Managed Training Services) customers during the third quarter of FY'24. At the end of the

Demand soft across sectors, may look at new segments: NLSL CEO Lalla

As first announced in January 2022, the company became a separate entity after a demerger of NIIT Limited's corporate learning business in May this year

NIIT Learning valued at Rs 5,000 cr; Concord Biotech IPO subscribed 25x

Shares of NIIT Learning Systems-demerged from NIIT-finished at Rs 374 during their trading debut on Tuesday

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

NIIT hits highest level after 20 years; zooms 67% in 2 months

For Q2FY22, NIIT had reported a more-than-double or 101 per cent year on year (YoY) rise in its consolidated net profit at Rs 52.4 crore on the back of strong operational performance.

NIIT surges 41% in one week on strong Q2 results

For Q2FY22, NIIT had reported a more-than-double or 101 per cent YoY rise in its consolidated net profit at Rs 52.4 crore

NIIT's net profit jumps 78% to Rs 51.4 cr in June quarter; revenue up 49%

NIIT Ltd on Friday said it has logged 78 per cent year-on-year jump its net profit to Rs 51.4 crore for the June 2021 quarter

39 posts of chairman, directors vacant at IITs, NITs: Dharmendra Pradhan

Thirty-nine posts of chairman and directors are vacant at the Indian Institutes of Technology (IITs) and the National Institutes of Technology (NITs), Lok Sabha was informed on Monday.

NIIT inducts promoters' children Udai Pawar, Leher Thadani to board

The appointments shall be effective from the date of approval by shareholders at the forthcoming AGM

Street signs: Macrotech GMP muted, PLI boost for AC companies & more

With the markets turning range-bound, investors are looking for bottom-up investment opportunities

NIIT surges 19% on announcement of share buyback schedule

The company's board on December 24, 2020, had approved an up to Rs 237 crore buyback proposal at Rs 240 per equity share

Stocks to watch: Axis Bank, Airtel, Voda Idea, Sunteck Realty, auto stocks

The Reserve Bank of India has extended the term of J&K Bank Chairman and Managing Director R K Chhibber by six months

NIIT's up to Rs 237-crore buyback plan gets shareholder approval

The firm on Friday said its up to Rs 237 crore buyback plan has received approval from shareholders

NIIT hits 52-week high after board approves Rs 237 crore buyback proposal

The stock hit a fresh 52-week high of Rs 209.90 today, rallied 21% in past four trading days after the company announced share buyback plan.

NIIT gains 7% as board set to consider share buyback on December 24

As of September 30, 2020, the promoters held 34.29 per cent stake in the information technology (IT) training services company