X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 (2QFY19); Net Profit Up 137.3% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, NIIT LTD has posted a net profit of Rs 261 m (up 137.3% YoY). Sales on the other hand came in at Rs 2 bn (up 153.2% YoY). Read on for a complete analysis of NIIT LTD's quarterly results.

NIIT LTD Announces Quarterly Results (4QFY18); Net Profit Down 31.9% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, NIIT LTD has posted a net profit of Rs 43 m (down 31.9% YoY). Sales on the other hand came in at Rs 979 m (up 3.5% YoY). Read on for a complete analysis of NIIT LTD's quarterly results.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

Ankit Shah's First Five Insider Recommendations (The 5 Minute Wrapup)

Aug 5, 2017

How to get exclusive insider recommendations from Ankit Shah.

More Views on News

Most Popular

My Top 7 Stocks to Buy Now(The 5 Minute Wrapup)

Nov 30, 2018

Of all the stocks that you could buy in this market, I've picked the seven best safe stocks that offer the ideal combination of safety and profit.

4 Rebound Stocks to Profit from the Current Small Cap Crash(Profit Hunter)

Dec 3, 2018

Indian small cap space is offering a discount season. Make sure you do not get too late to scoop up the bargains.

Safety Beats Growth in 2018(Chart Of The Day)

Nov 30, 2018

With the markets turning up, these are my top 7 stock picks.

Looking For Higher Interest Rates on Bank FDs? Read This!(Outside View)

Dec 5, 2018

Credit disbursement to the productive sectors of the economy such as infrastructure, engineering, food processing, textiles, and chemicals, among others is rising.

DSP Mutual Fund's Sale of DHFL Bonds: Here's What You Need to Know(Outside View)

Dec 5, 2018

PersonalFN explains the probable reason as to why the capital market regulator has initiated DSP Mutual Fund's bond sale that caused DHFL stock to crash.

More

Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

NIIT LTD SHARE PRICE


Dec 13, 2018 (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 8-QTR ANALYSIS

COMPARE NIIT LTD WITH

MARKET STATS