X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 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 (3QFY19); Net Profit Down 11.3%

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 (3QFY19); Net Profit Down 11.3%
Thu, 24 Jan

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

NIIT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9052,2852,278-0.3%151.7%
Other incomeRs m6191784.4%-72.6%
TurnoverRs m9662,2942,2940.0%137.6%
ExpensesRs m8702,0822,1392.8%146.0%
Gross profitRs m16476152-68.1%865.9%
DepreciationRs m60849513.1%58.0%
InterestRs m485650-10.1%5.4%
Profit before taxRs m-3234423-93.4%
TaxRs m18359-29.6%9650.0%
Profit after taxRs m-32261-36-113.7%
Gross profit margin%1.720.86.7
Effective tax rate%-1.924.1256.9
Net profit margin%-3.311.4-1.6
* 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 151.7% on a year-on-year (YoY) basis. The expenses were up by 146.0% YoY during the same period.
  • The company's operating profit increased by 865.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 3QFY19 as against 1.7% in 3QFY18.
  • Depreciation charges increased by 58.0% and finance costs increased by 5.4% YoY, respectively.
  • Other income declined by 72.6% YoY during the quarter.
  • Net profit for the quarter declined by 11.3% YoY. Net profit margins during the quarter increased from -3.3% in 3QFY18 to -1.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit declined by 68.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.7% in 3QFY19 as against 20.8% in 2QFY18.
  • Net profit for the quarter declined by 113.7% QoQ, while net profit margins declined from 11.4% in 2QFY18 to -1.6% in 3QFY19.

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 108.7 to Rs 86.3, registering a Loss of Rs 22.4 or around 20.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,755.2 (up 0.8%). Over the last one year it has moved up from 12,833.9 to 14,755.2, a gain of 1,921 points (up 15.0%).

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 86.3, the price to earnings (P/E) ratio of NIIT LTD stands at 60.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

Equitymaster requests your view! Post a comment on "NIIT LTD Announces Quarterly Results (3QFY19); Net Profit Down 11.3%". Click here!

  

Related Views on News

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.

NIIT LTD 2017-18 Annual Report Analysis (Annual Result Update)

Mar 15, 2019 | Updated on Mar 15, 2019

Here's an analysis of the annual report of NIIT LTD for 2017-18. 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 (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.

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

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
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


Jun 18, 2019 02:41 PM

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 - HP COMPARISON

COMPARE NIIT LTD WITH

MARKET STATS