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

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NIIT LTD Announces Quarterly Results (4QFY19); Net Profit Down 134.5%
Thu, 30 May

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

NIIT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9792,2782,3975.2%144.9%
Other incomeRs m127173182.9%-75.9%
TurnoverRs m1,1062,2942,4285.8%119.6%
ExpensesRs m8532,1392,2043.0%158.5%
Gross profitRs m231521637.2%616.1%
DepreciationRs m579588-7.1%54.7%
InterestRs m465050-1.0%9.1%
Profit before taxRs m472355140.8%17.9%
TaxRs m4597019.0%1834.2%
Profit after taxRs m43-36-15-134.5%
Gross profit margin%2.36.76.8
Effective tax rate%7.7256.9127.0
Net profit margin%3.9-1.6-0.6
* 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 144.9% on a year-on-year (YoY) basis. The expenses were up by 158.5% YoY during the same period.
  • The company's operating profit increased by 616.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.8% in 4QFY19 as against 2.3% in 4QFY18.
  • Depreciation charges increased by 54.7% and finance costs increased by 9.1% YoY, respectively.
  • Other income declined by 75.9% YoY during the quarter.
  • Net profit for the quarter declined by 134.5% YoY. Net profit margins during the quarter declined from 3.9% in 4QFY18 to -0.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.0% QoQ during the same period.
  • The company's operating profit increased by 7.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.8% in 4QFY19 as against 6.7% in 3QFY18.
  • Net profit for the quarter increased by 58.6% QoQ, while net profit margins increased from -1.6% in 3QFY18 to -0.6% in 4QFY19.

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 101.3 to Rs 107.7, registering a Gain of Rs 6.4 or around 6.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,566.9 (up 0.7%). Over the last one year it has moved up from 13,352.4 to 15,566.9, a gain of 2,215 points (up 16.6%).

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 107.7, the price to earnings (P/E) ratio of NIIT LTD stands at 100.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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