Dolat Capital: NIIT Q2 Review - Digital Drives Profitability, Outlook Positive  
Agents attend to customer calls at New Delhi-based NIIT Ltd.’s Smart Serve call center in Gurgaon, India. (Photographer Sondeep Shankar/Bloomberg)

Dolat Capital: NIIT Q2 Review - Digital Drives Profitability, Outlook Positive  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

NIIT Technologies Ltd. reported strong results with 8.5% QoQ growth in rupee revenue (our estimate 2.4%) led by stellar growth of 8.8% in corporate learning solutions business which was driven by volume ramp-up from new customers (added six logos trailing twelve months basis), that overcome softness in select customers that are yet to move to eLearning.

Skills and careers group business grew 6.2% QoQ.

Ebit margin improved by 540 basis points to 9.5% (our estimate 5.2%) on strict cost measures and sustained digital delivery in CLS business (CLS operating profit margin 20.5% although unsustainable).

Click on the attachment to read the full report:

Dolat Capital NIIT Q2FY21 Result Update.pdf

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