NIIT's Profitable Quarter: Surging Revenues Amid Decreasing Headcount

NIIT reported an 11.18% year-on-year increase in net profit to Rs 11.83 crore for the September quarter. Revenue grew by 11.43% to Rs 90.71 crore. The firm's headcount decreased, while the stock price fell on BSE. NIIT's growth was driven by strong performances in technology and BFSI sectors.

Skills development firm NIIT recorded an 11.18% rise in consolidated net profit, amounting to Rs 11.83 crore in the September quarter. This marks growth from the Rs 10.64 crore profit in the same period last year.

Revenue for the quarter was Rs 90.71 crore, an increase of 11.43% from the Rs 81.40 crore posted during the same timeframe in FY24. Notably, profit and revenue rose by 52.64% and 9.99% quarter-on-quarter, respectively.

Despite robust growth across sectors such as Technology and BFSI, NIIT's workforce dipped to 735 employees for Q2 FY25 compared to 843 employees in the previous year. Meanwhile, the company's shares traded 3.84% lower at Rs 151.65 on the BSE.

(With inputs from agencies.)