NIIT Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 29, 2023 at 03:59 am EDT
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NIIT Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 600.48 million compared to INR 811.87 million a year ago. Revenue was INR 727.9 million compared to INR 911.83 million a year ago. Net loss was INR 93.69 million compared to net income of INR 673.78 million a year ago. Basic loss per share from continuing operations was INR 0.72 compared to basic earnings per share from continuing operations of INR 1.01 a year ago. Diluted loss per share from continuing operations was INR 0.72 compared to diluted earnings per share from continuing operations of INR 0.98 a year ago. Basic loss per share was INR 0.7 compared to basic earnings per share of INR 5.04 a year ago. Diluted loss per share was INR 0.7 compared to diluted earnings per share of INR 4.88 a year ago.
For the full year, sales was INR 3,412.5 million compared to INR 2,506.17 million a year ago. Revenue was INR 3,793.72 million compared to INR 2,910.62 million a year ago. Net income was INR 31.77 million compared to INR 2,261.96 million a year ago. Basic earnings per share from continuing operations was INR 0.45 compared to INR 2.09 a year ago. Diluted earnings per share from continuing operations was INR 0.44 compared to INR 2.04 a year ago. Basic earnings per share was INR 0.24 compared to INR 16.83 a year ago. Diluted earnings per share was INR 0.23 compared to INR 16.43 a year ago.
NIIT Limited is an India-based information technology services company. The Company is engaged in providing skills and talent development solutions to individuals, enterprises, and institutions. The Company provides a range of managed training services, which includes curriculum design and custom content development, learning delivery, learning administration, strategic sourcing, learning technology and advisory services. The Company provides specialized solutions, which include customer education, gamification, augmented reality and virtual reality, application rollouts, content curation and learner engagement and talent pipeline as a service. It offers content development, with capabilities that include gaming and simulation, two-dimensional (2D) and three-dimensional (3D) animation, and high-end video. Its content curation solution uses a process-driven approach with structured learning pathways designed to filter content to the learner in a phased manner.
NIIT LIMITED 
