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

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 (2QFY20); Net Profit Up 701.6%
Wed, 6 Nov

NIIT LTD has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

NIIT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,2852,1032,36512.5%3.5%
Other incomeRs m922440882.4%4406.0%
TurnoverRs m2,2942,3272,77419.2%20.9%
ExpensesRs m2,0821,8922,12112.1%1.9%
Gross profitRs m47613,124245-98.1%-48.5%
DepreciationRs m841281377.2%62.9%
InterestRs m566054-9.7%-3.7%
Profit before taxRs m34413,160462-96.5%34.1%
TaxRs m832,252-1,633-172.5%-2063.6%
Profit after taxRs m26110,9082,094-80.8%701.6%
Gross profit margin%20.8624.010.3
Effective tax rate%24.117.1-353.5
Net profit margin%11.4468.875.5
* 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 grew 3.5% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit declined by 48.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 2QFY20 as against 20.8% in 2QFY19.
  • Depreciation charges increased by 62.9% and finance costs declined by 3.7% YoY, respectively.
  • Other income increased by 4406.0% YoY during the quarter.
  • Net profit for the quarter increased by 701.6% YoY. Net profit margins during the quarter increased from 11.4% in 2QFY19 to 75.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.1% QoQ during the same period.
  • The company's operating profit declined by 98.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 2QFY20 as against 624.0% in 1QFY19.
  • Net profit for the quarter declined by 80.8% QoQ, while net profit margins declined from 468.8% in 1QFY19 to 75.5% in 2QFY20.

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

Free Guide: Find the Next Crorepati Stock in this Futuristic Industry

NIIT LTD Share Price Performance

Over the last one year,NIIT LTD share price has moved up from Rs 73.2 to Rs 97.7, registering a Gain of Rs 24.5 or around 33.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,314.9 (down 0.1%). Over the last one year it has moved up from 14,228.4 to 15,314.9, a gain of 1,087 points (up 7.6%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 97.7, the price to earnings (P/E) ratio of NIIT LTD stands at 1.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

Equitymaster requests your view! Post a comment on "NIIT LTD Announces Quarterly Results (2QFY20); Net Profit Up 701.6%". Click here!

  

Related Views on News

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.

NIIT LTD Announces Quarterly Results (4QFY19); Net Profit Down 134.5% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, NIIT LTD has posted a net profit of Rs 15 m (down 134.5% YoY). Sales on the other hand came in at Rs 2 bn (up 144.9% 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?

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

NIIT LTD SHARE PRICE


Dec 13, 2019 (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 - CHINASOFT COMPARISON

COMPARE NIIT LTD WITH

MARKET STATS