NIIT
NIIT yesterday hit a 22-month high at Rs.41.55 and closing the day around the same levels, up almost 16%. This spectacular jump was on the back of its very good performance for Q4FY14, rather the other income of Rs.36 crore and lower operating and finance costs. The company posted a 415% (YoY) jump in net profit at Rs.14 crore though net revenue rise was more staid – up 5% at Rs.233 crore. EBITDA rose 85% at Rs.13 crore while EBITDA margins spiked up 244 bps at 6%. For FY14, the story was different. Though consolidated net Revenue was down 1% at Rs.951 crore and net profit came in at Rs.18 crore, down 30%. The company would have actually ended the fiscal in the red, which it did on a standalone basis with a loss of Rs.8 crore. But in consolidated, profit from associate companies, which to the tune of Rs.55 crore, helped extinguish the loss. Cash at hand, as at 31st March 2014 stood at Rs.88 crore, down 17%.
In terms of segment break-up, its Career Building Solutions (CBS) recorded net revenue of Rs. 82 crore, with a 16% (YoY) growth in Non Tech revenue. Corporate Learning Solutions (CLS) recorded net revenues of Rs. 108 crore, up 41% YoY during Q4. This segment recorded fresh order intake of US$ 2crore and School Learning Solutions (SLS) registered net revenue of Rs. 42 crore, with an order intake of Rs. 55 crore in Q4 from non government schools.