Skills and Careers Group (SNC) recorded a 70 percent YoY and 11 percent QoQ accelerated growth, behind the growing demand for TPaaS and StackRoute offers.
NIIT Limited, a global leader in skills and talent development, today reported its second quarter results for September 30, 2021. This quarter, the company reported Rs. Its net revenue has recorded 6 314.2 crore 44% increase EBITDA was Rs 73.9 crore 115% YoY and EBITDA margin stood at 23.5%, an increase of 780 bps. Profit after tax has been recorded at Rs. 52.4 crore, an increase of 101% per annum. The results were recorded at the board meeting held today.
NIIT has won 51 Brandon Hall Group Human Capital Management Excellence Awards, including 30 Gold, 12 Silver and 9 Bronze honors, which were won through customer support. Candidates, who are learning leaders from client enterprises, have received seven Chief Learning Officer Learning in Practice Awards, including four Gold Awards, one Silver Award and two Bronze Awards. At the Quantic India 3rd Annual BFSI Excellence Awards 2021, NIIT received the IFBI ‘Training & Education Excellence Award’.
Commenting on the quarterly performance, Swapnesh Lalla, CEO and Executive Director, NIIT Limited, said, “Both the Corporate Learning Group (CLG) and the Skills and Careers Group (SNC) have accelerated and continued to grow in the quarter. As the battle for talent intensifies, our core value proposition of providing training interventions that deliver results on a scale resonates with our clients. ”