Comments
NIIT Ltd reported a 14.2 per cent fall in net profit at ₹10.3 crore for the second quarter of the current fiscal compared with ₹12 crore for the corresponding period in the last fiscal.
Net revenue fell 0.7 per cent to ₹260.4 crore in the second quarter this year from ₹262.4 crore in the corresponding period last fiscal.
“During the quarter, Corporate Learning Solutions (CLS) recorded net revenues of ₹124.8 crore, up 26 per cent year-on-year. Managed Training Services (MTS) continued to grow by contributing 88 per cent to the total CLS revenue,” the company said in a statement.
Individual Learning Solutions recorded net revenue of ₹100.4 crore in Q2, with ‘Beyond-IT’ enrolments growing 23 per cent year-on-year. NIIT flagship centres recorded a 25 per cent year-on-year growth in Rev GNIIT enrolments in Q2, the statement added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.