NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.
Financial Results:
- NIIT Ltd. reported Total Income for Q4FY23 of ₹ 60 Crores up from ₹ 81 Crore year on year, a fall of 26%.
- Operating Expenses for Q4FY23 of ₹ 70 Crores up from ₹ 61 Crores year on year, fall of 14%.
- Consolidated Net Profit of ₹ (9.4) Crores, down from ₹ 67 Crores in the same quarter of the previous year.
- The Operating PBT is ₹ (3.4) Crores, down from ₹ 2.7 Crores in the same quarter of the previous year.