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NIIT : Q4 2024 Financial Quarterly Report : YoY Sales Up 23.81 %, QoQ Down 12.72 %

May 25, 2024May 25, 2024| adminadmin| 0 Comments| 3:25 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 23.81 % in the past year, decrease in net sales/revenue by -12.72 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 36.98 %. Marginal increase in other income during this quarter, up by 9.42%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for NIIT Ltd.,. Profit dropped by -220.54 % Year to Year, NIIT Ltd.,’s profitability dropped by -24.36 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -218.57 % Year to Year. EPS decreased by -22.43 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of NIIT Ltd.,”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 60.048 Cr Rs. 85.175 Cr Rs. 74.344 Cr -12.72 % + 23.81 %
Expenses Rs. 70.73 Cr Rs. 78.06 Cr Rs. 73.85 Cr -5.39 % + 4.41 %
Operating Profit Rs. -10.68 Cr Rs. 7.12 Cr Rs. 0.49 Cr -93.12 % + 104.59 %
OPM % -17.79 % 8.36 % 0.66 % -7.7 % + 18.45 %
Other Income Rs. 12.98 Cr Rs. 16.25 Cr Rs. 17.78 Cr + 9.42 % + 36.98 %
Interest Rs. 0.27 Cr Rs. 0.29 Cr Rs. 0.5 Cr + 72.41 % + 85.19 %
Depreciation Rs. 4.13 Cr Rs. 4.81 Cr Rs. 4.99 Cr + 3.74 % + 20.82 %
Profit before tax Rs. -2.1 Cr Rs. 18.27 Cr Rs. 12.78 Cr -30.05 % + 708.57 %
Tax % -187.59 % 17.46 % 10.87 % -6.59 % + 198.46 %
Net Profit Rs. -9.45 Cr Rs. 15.06 Cr Rs. 11.39 Cr -24.37 % + 220.53 %
EPS in Rs Rs. -0.7 Rs. 1.05 Rs. 0.82 -21.9 % + 217.14 %


Today, we’re looking at NIIT Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 23.81 %. However, it did see a marginal slip of -12.72 % from the previous quarter. Expenses decreased slightly by -5.39 % quarter-on-quarter, aligning with the annual rise of 4.41 %. Operating profit, while up 104.59 % compared to last year, faced a quarter-on-quarter dip of -93.12 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 18.45 %, but a shrinkage of -7.7 % sequentially. Other income rose by 9.42 % compared to the last quarter, despite an annual growth of 36.98 %. Interest expenses surged remarkably by 72.41 % from the previous quarter, yet the year-over-year increase remains at a moderate 85.19 %. Depreciation costs climbed by 3.74 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.82 %. Profit before tax grew annually by 708.57 % but saw a reduction from the preceding quarter by -30.05 %.
Tax expenses as a percentage of profits increased slightly by 198.46 % compared to last year, with a more notable quarter-on-quarter decrease of -6.59 %. Net profit rose by 220.53 % year-on-year but witnessed a -24.37 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 217.14 % but a quarterly fall of -21.9 %. In summary, NIIT Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 60.048 Cr Rs. 85.175 Cr Rs. 74.344 Cr -12.72 % + 23.81 %
Expenses Rs. 70.73 Cr Rs. 78.06 Cr Rs. 73.85 Cr -5.39 % + 4.41 %
Operating Profit Rs. -10.68 Cr Rs. 7.12 Cr Rs. 0.49 Cr -93.12 % + 104.59 %
Net Profit Rs. -9.45 Cr Rs. 15.06 Cr Rs. 11.39 Cr -24.37 % + 220.53 %
EPS in Rs Rs. -0.7 Rs. 1.05 Rs. 0.82 -21.9 % + 217.14 %


In reviewing NIIT Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.81 % year-on-year growth, although there was a slight dip of -12.72 % from the previous quarter. Expenses rose by 4.41 % compared to the previous year, with a decrease of -5.39 % quarter-on-quarter. Operating Profit surged by 104.59 % annually, and saw a -93.12 % decrease from the last quarter.
Net Profit showed yearly increase of 220.53 %, and experienced a -24.37 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 217.14 % annually, however dipped by -21.9 % compared to the last quarter. In essence, while NIIT Ltd., exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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