{"id":141367,"date":"2023-02-13T14:12:15","date_gmt":"2023-02-13T19:12:15","guid":{"rendered":"https:\/\/44.250.171.167\/?p=141367"},"modified":"2023-02-13T14:22:04","modified_gmt":"2023-02-13T19:22:04","slug":"niit-limited-q3fy23-earnings-story","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/niit-limited-q3fy23-earnings-story\/","title":{"rendered":"NIIT Limited Q3FY23 Earnings Story"},"content":{"rendered":"\n<p><a href=\"https:\/\/44.250.171.167\/symbol\/niitltd\/\" target=\"_blank\" rel=\"noreferrer noopener\">NIIT<\/a> was founded in 1981 to aid the emerging IT industry in overcoming the challenges it faced in human resources. It is currently a prominent skills and talent development organization that is creating a labor market to meet demands of the international business community.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Results:<\/strong><\/h2>\n\n\n\n<p>Mainly on account of acquisitions that NIIT Ltd. made in the United States, in Q3 ended December 31, 2022, the company reported almost flat consolidated net profit at INR 55 crore. In the same year-ago period, the company had reported a net profit of INR 54.9 crore.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/lh5.googleusercontent.com\/yG15rCCCMNfpQrEkaNAco92eMEe71ol_eB2DXbMWTsK_dX6y9Hr4-WA-n7e1xItkb5wBOHvGxBDKKXdm7dHtBUZMK6jfkLuaaWE_WdtfdUSx9zoTJ8Iz65VyrcAaJ39r2WsTX0ZV569sFcjuPMJQS0s\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/yG15rCCCMNfpQrEkaNAco92eMEe71ol_eB2DXbMWTsK_dX6y9Hr4-WA-n7e1xItkb5wBOHvGxBDKKXdm7dHtBUZMK6jfkLuaaWE_WdtfdUSx9zoTJ8Iz65VyrcAaJ39r2WsTX0ZV569sFcjuPMJQS0s\" alt=\"\" width=\"-12\" height=\"-13\"\/><\/a><\/figure><\/div>\n\n\n\n<p>According to the management, the economy will remain unstable for the upcoming quarters, but the company will use its CLG division and commercial expansion into new regions to lessen the impact.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIIT was founded in 1981 to aid the emerging IT industry in overcoming the challenges it faced in human resources. It is currently a prominent skills and talent development organization that is creating a labor market to meet demands of the international business community. Financial Results: Mainly on account of acquisitions that NIIT Ltd. made [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":135440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,10444,6352],"tags":[11424],"class_list":["post-141367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-others","category-research-summary","tag-human-resources"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/iStock-513224428.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":148140,"url":"https:\/\/alphastreet.com\/india\/niit-limited-q4fy23-earnings-story\/","url_meta":{"origin":141367,"position":0},"title":"NIIT Limited Q4FY23 Earnings Story","author":"Karan_Singh","date":"June 2, 2023","format":false,"excerpt":"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 \u20b9 60 Crores up\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Indegene","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":152860,"url":"https:\/\/alphastreet.com\/india\/niit-ltd-q1fy24-33-fall-in-revenue\/","url_meta":{"origin":141367,"position":1},"title":"NIIT Ltd Q1FY24; 33% fall in Revenue","author":"Karan_Singh","date":"August 11, 2023","format":false,"excerpt":"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 Revenues for Q1FY24 of \u20b962.55 Crores down from \u20b993.97\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-727.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156142,"url":"https:\/\/alphastreet.com\/india\/niit-ltd-q2fy24-57-rise-in-profits\/","url_meta":{"origin":141367,"position":2},"title":"NIIT Ltd Q2FY24; 57% rise in Profits","author":"Hardik Bhandare","date":"November 13, 2023","format":false,"excerpt":"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 Revenues for Q2FY24 of \u20b981.00 Crores down from \u20b994.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-162.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143740,"url":"https:\/\/alphastreet.com\/india\/niit-limited-educating-india\/","url_meta":{"origin":141367,"position":3},"title":"NIIT Limited: Educating India","author":"Karan_Singh","date":"April 17, 2023","format":false,"excerpt":"\u201cOur B2C programs are ramping up and helping the learners achieve very strong career outcomes, learners who joined us, have been getting offers that are almost twice the starting salaries of campus hires. So they're seeing significant outcomes and significant improvements in the salary with the kind of education and\u2026","rel":"","context":"In &quot;Others&quot;","block_context":{"text":"Others","link":"https:\/\/alphastreet.com\/india\/category\/others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-482986653.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-482986653.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-482986653.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139628,"url":"https:\/\/alphastreet.com\/india\/niit-limited-q3fy23-18-growth-in-revenues\/","url_meta":{"origin":141367,"position":4},"title":"NIIT Limited Q3FY23; 18% Growth in Revenues","author":"Karan_Singh","date":"January 31, 2023","format":false,"excerpt":"NIIT Limited\u2019s revenue in Q3FY23 rose 18% to \u20b9 4,546 millions. Consolidated Profit After Tax came at \u20b9 550 million in Q3FY23. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-NIITLTD.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-NIITLTD.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-NIITLTD.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-NIITLTD.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-NIITLTD.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":178064,"url":"https:\/\/alphastreet.com\/india\/niit-learning-systems-ltd-shares-rise-after-q3-fy2026-results\/","url_meta":{"origin":141367,"position":5},"title":"NIIT Learning Systems Ltd Shares Rise After Q3 FY2026 Results","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"NIIT Learning Systems Ltd (NSE: NIITMTS; BSE: 543952) shares closed higher Tuesday with the stock finishing at around \u20b9384, up modestly on the day as investors reacted to the company\u2019s third-quarter results for the fiscal year ending March 31, 2026. The stock was last trading near \u20b9382-\u20b9384 range, up intraday\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/141367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=141367"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/141367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/135440"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=141367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=141367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=141367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}