NIIT LTD Announces Quarterly Results (1QFY19); Net Profit Down 52.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NIIT LTD Announces Quarterly Results (1QFY19); Net Profit Down 52.2%
Fri, 27 Jul

NIIT LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

NIIT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m833979783-20.0%-6.0%
Other incomeRs m8012791-27.8%14.2%
TurnoverRs m9131,106874-20.9%-4.2%
ExpensesRs m873853803-5.8%-8.0%
Gross profitRs m-4023-20-189.4%
DepreciationRs m5857605.1%3.2%
InterestRs m514643-6.1%-15.7%
Profit before taxRs m-6947-32-168.6%
TaxRs m141-63.6%162.0%
Profit after taxRs m-6943-33-177.4%
Gross profit margin%-4.82.3-2.6
Effective tax rate%-0.77.7-4.1
Net profit margin%-7.63.9-3.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 6.0% on a year-on-year (YoY) basis. The expenses were down by 8.0% YoY during the same period.
  • The company's operating profit declined by 49.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.6% in 1QFY19 as against 4.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 3.2% YoY and 15.7% YoY, respectively.
  • Other income increased by 14.2% YoY during the quarter.
  • Net profit for the quarter declined by 52.2% YoY. Net profit margins during the quarter increased from -7.6% in 1QFY18 to -3.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.8% QoQ during the same period.
  • The company's operating profit declined by 189.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.6% in 1QFY19 as against 2.3% in 4QFY18.
  • Net profit for the quarter declined by 177.4% QoQ, while net profit margins declined from 3.9% in 4QFY18 to -3.8% in 1QFY19.

To see how NIIT LTD has performed over the last eight quarters, please visit here.

NIIT LTD Share Price Performance

Over the last one year, NIIT LTD share price has moved up from Rs 89.2 to Rs 94.7, registering a Gain of Rs 5.5 or around 6.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,524.2 (up 0.0%). Over the last one year it has moved up from 10,253.0 to 14,524.2, a gain of 4,271 points (up 41.7%).

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 94.7, the price to earnings (P/E) ratio of NIIT LTD stands at 178.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

Equitymaster requests your view! Post a comment on "NIIT LTD Announces Quarterly Results (1QFY19); Net Profit Down 52.2%". Click here!

  

Related Views on News

NIIT LTD Announces Quarterly Results (2QFY20); Net Profit Up 701.6% (Quarterly Result Update)

Nov 6, 2019 | Updated on Nov 6, 2019

For the quarter ended September 2019, NIIT LTD has posted a net profit of Rs 2 bn (up 701.6% YoY). Sales on the other hand came in at Rs 2 bn (up 3.5% YoY). Read on for a complete analysis of NIIT LTD's quarterly results.

NIIT LTD Announces Quarterly Results (1QFY20); Net Profit Up 32964.8% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, NIIT LTD has posted a net profit of Rs 11 bn (up 32964.8% YoY). Sales on the other hand came in at Rs 2 bn (up 168.7% YoY). Read on for a complete analysis of NIIT LTD's quarterly results.

NIIT LTD 2018-19 Annual Report Analysis (Annual Result Update)

Jul 23, 2019 | Updated on Jul 23, 2019

Here's an analysis of the annual report of NIIT LTD for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NIIT LTD. Also includes updates on the valuation of NIIT LTD.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

NIIT LTD SHARE PRICE


Jan 22, 2020 (Close)

TRACK NIIT LTD

  • Track your investment in NIIT LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

NIIT LTD - MICRO TECHNOLOGIES COMPARISON

COMPARE NIIT LTD WITH

MARKET STATS