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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 31.86 % in the past year, substantial increase in net sales/revenue by 10.94 %.
- 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 8.24 %. Marginal decrease of -6.24% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for NIIT Limited. Notable increase of 236.83 % in net profit Year to Year, NIIT Limited’s profitability dropped by -28.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 256.25 % Year to Year. EPS decreased by -31.33 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 62.547 Cr | Rs. 74.344 Cr | Rs. 82.475 Cr | + 10.94 % | + 31.86 % |
| Expenses | Rs. 70.4 Cr | Rs. 73.85 Cr | Rs. 83.58 Cr | + 13.18 % | + 18.72 % |
| Operating Profit | Rs. -7.85 Cr | Rs. 0.49 Cr | Rs. -1.11 Cr | -326.53 % | + 85.86 % |
| OPM % | -12.55 % | 0.66 % | -1.35 % | -2.01 % | + 11.2 % |
| Other Income | Rs. 15.478 Cr | Rs. 17.869 Cr | Rs. 16.754 Cr | -6.24 % | + 8.24 % |
| Interest | Rs. 0.31 Cr | Rs. 0.5 Cr | Rs. 0.35 Cr | -30 % | + 12.9 % |
| Depreciation | Rs. 4.06 Cr | Rs. 4.99 Cr | Rs. 5.55 Cr | + 11.22 % | + 36.7 % |
| Profit before tax | Rs. 3.26 Cr | Rs. 12.87 Cr | Rs. 9.74 Cr | -24.32 % | + 198.77 % |
| Tax % | 21 % | 10.87 % | 15.13 % | + 4.26 % | -5.87 % |
| Net Profit | Rs. 2.43 Cr | Rs. 11.39 Cr | Rs. 8.2 Cr | -28.01 % | + 237.45 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.82 | Rs. 0.56 | -31.71 % | + 250 % |
Today, we’re looking at NIIT Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 31.86 %. However, it did see a marginal increase of 10.94 % from the previous quarter. Expenses ticked up slightly by 13.18 % quarter-on-quarter, aligning with the annual rise of 18.72 %. Operating profit, while up 85.86 % compared to last year, faced a quarter-on-quarter dip of -326.53 %, 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 11.2 %, but a shrinkage of -2.01 % sequentially. Other income fell by -6.24 % compared to the last quarter, despite an annual growth of 8.24 %. Interest expenses dropped significantly by -30 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.9 %. Depreciation costs climbed by 11.22 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.7 %. Profit before tax grew annually by 198.77 % but saw a reduction from the preceding quarter by -24.32 %.
Tax expenses as a percentage of profits decreased slightly by -5.87 % compared to last year, with a more notable quarter-on-quarter increase of 4.26 %. Net profit rose by 237.45 % year-on-year but witnessed a -28.01 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 250 % but a quarterly fall of -31.71 %. In summary, NIIT Limited’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. 62.547 Cr | Rs. 74.344 Cr | Rs. 82.475 Cr | + 10.94 % | + 31.86 % |
| Expenses | Rs. 70.4 Cr | Rs. 73.85 Cr | Rs. 83.58 Cr | + 13.18 % | + 18.72 % |
| Operating Profit | Rs. -7.85 Cr | Rs. 0.49 Cr | Rs. -1.11 Cr | -326.53 % | + 85.86 % |
| Net Profit | Rs. 2.43 Cr | Rs. 11.39 Cr | Rs. 8.2 Cr | -28.01 % | + 237.45 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.82 | Rs. 0.56 | -31.71 % | + 250 % |
In reviewing NIIT Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31.86 % year-on-year growth, however, there was a minor increase of 10.94 % from the previous quarter. Expenses rose by 18.72 % compared to the previous year, with a 13.18 % increase quarter-on-quarter. Operating Profit surged by 85.86 % annually, and saw a -326.53 % decrease from the last quarter.
Net Profit showed yearly increase of 237.45 %, and experienced a -28.01 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 250 % annually, however dipped by -31.71 % compared to the last quarter. In essence, while NIIT Limited 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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