The country's professional and management development training company NIIT Learnings has announced its quarterly results. The company has informed the exchange that its profits and earnings have increased. The company's consolidated profit has increased from Rs 47 crore to Rs 57 crore. Talking about consolidated earnings, that has also increased. The company's consolidated earnings have increased from Rs 382 crore to Rs 397 crore annually.
Talking about the company's EBITDA, it has declined. The company's EBITDA has come down from Rs 90 crore to Rs 88 crore. Talking about EBITDA margin, it has come down from 23.3% to 22%.
NIIT Learning Systems added two new Managed Training Services (MTS) during the quarter. These include a leading global FMCG brand and a leading energy sector company, the company said.
NIIT MTS now partners with four of the top ten companies in the energy sector. Vijay K. Thadani, Vice President and Managing Director, NIIT MTS said, "In Q2 FY25, we continued to deliver year-on-year growth and profitability, adding two key customers and maintaining a 100% renewable record. Our innovative solutions, including GenAI-powered platforms, have been key in driving customer retention."
This expansion brings their total number of MTS customers to 91, with revenue visibility now at US$368 million. In addition, the company has achieved 100% contract renewables. Sapnesh Lalla, CEO and Executive Director, NIIT MTS said, "Our Q2 FY25 performance reflects strong customer trust and enduring partnerships. Despite tight industry budgets, we continued to deliver industry-leading growth, customer additions and retention."
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