NIIT (NIITLTD) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 revenue reached INR 3,974 million, up 4% YoY, with other reports noting INR 907 million and Rs 907.12 million for different entities; all showed YoY growth.

• PAT for Q2 FY25 was INR 570 million (up 22% YoY) for one entity, and Rs 133.83 million and INR 118 million for others, all reflecting YoY increases.

• EBITDA turned positive at INR 21 million for one entity, while another reported INR 936 million, both showing improvement.

• Growth was driven by BFSI, Life Sciences, and technology programs, with new customer additions and sector expansions.

• Continued investment in AI, new offerings, and both organic and inorganic growth initiatives supported performance.

Financial highlights

• Revenue: INR 3,974 million (+4% YoY), INR 907 million (+11% YoY), and Rs 907.12 million reported for different entities.

• PAT: INR 570 million (+22% YoY), INR 118 million (+11% YoY), and Rs 133.83 million for respective entities.

• Net cash positions: Rs 6,554 million, INR 7,201 million, and Rs 375.85 million as of September 30, 2024.

• Treasury/other income: INR 182.2 million and Rs 117 million; CapEx for the quarter: INR 97 million.

• EPS: Rs 4.2 (up 21% YoY), INR 0.9, and Rs 0.97 for different entities.

Outlook and guidance

• Full-year revenue guidance retained at INR 380–400 crore, with low single-digit margin expected.

• Outsourcing and AI-driven opportunities are increasing, with growth led by BFSI, Life Sciences, and technology.

• Macro uncertainty and slow decision-making remain risks, but green shoots in IT hiring and sector expansion are noted.