NIIT Q4FY23 Results: Consolidated Loss of Rs 9.4 Cr

NIIT Q4FY23 Results: Consolidated Loss of Rs 9.4 Cr

NIIT Limited Q4 results show revenue fell from 105.6 to 72.8 crores, a 31.06% decrease in growth. EPS also dropped from ₹1.06 to ₹0.70, down by 33.96%.

First, Let’s Begin with Quarter-on-Quarter Basis:

NIIT Ltd. shared its Q4 results on Monday. They earned 72.8 crores in revenue this quarter, but that’s less than the 105.6 crores they made last quarter. Unfortunately, the company’s growth decreased by 31.06 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 9.4 crores, down from 15.7 crores in the previous quarter. Their quarter-to-quarter growth declined by 40.13 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹0.70, which is a decrease of 33.96% from the ₹1.06 EPS in the previous quarter.

Also read: ☞ ” Balkrishna Industries Q4FY23 Results: Consolidated PAT Rose to Rs 259.80 Cr “

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 379.4 crores this year (2023), which is 30.33 percent higher than last year’s total revenue of 291.1 crores.

This year’s PAT (Profit After Tax) is 3.2 crores, which is also 98.59% lower than last year’s PAT of 226.2 crores.

The EPS (Earnings Per Share) for this year is ₹0.24, which is 98.57% less than the EPS of ₹16.83 earned last year.

NIIT Share Dividend Announcement / Record Date:

Not related to distributing a portion of a company’s earnings to shareholders in the form of cash or stock dividends. ( No Dividend Payout )

About NIIT:

NIIT Limited, headquartered in Gurgaon, India, is a multinational corporation specializing in skills and talent development. Established in 1981, the company aimed to address the human resource challenges faced by the emerging IT industry at that time. NIIT provides comprehensive training and development programs to individuals, enterprises, and institutions.

Download the Full PDF of Q4 Results: Click Here

For more of the Latest News, Click Here

One thought on “NIIT Q4FY23 Results: Consolidated Loss of Rs 9.4 Cr

Leave a Reply

Your email address will not be published. Required fields are marked *