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NIIT TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 62.9%

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NIIT TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 62.9%
Wed, 25 Jul

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

NIIT TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,0897,8888,2494.6%16.4%
Other incomeRs m9314822048.6%136.6%
TurnoverRs m7,1828,0368,4695.4%17.9%
ExpensesRs m6,0006,4386,9347.7%15.6%
Gross profitRs m1,0891,4501,315-9.3%20.8%
DepreciationRs m3163053122.3%-1.3%
InterestRs m173220-37.5%17.6%
Profit before taxRs m8491,2611,203-4.6%41.7%
TaxRs m2942882993.8%1.7%
Profit after taxRs m555973904-7.1%62.9%
Gross profit margin%15.418.415.9
Effective tax rate%34.622.824.9
Net profit margin%7.712.110.7
* 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 16.4% on a year-on-year (YoY) basis. The expenses were up by 15.6% YoY during the same period.
  • The company's operating profit increased by 20.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.9% in 1QFY19 as against 15.4% in 1QFY18.
  • Depreciation charges and finance costs declined by 1.3% YoY and 17.6% YoY, respectively.
  • Other income increased by 136.6% YoY during the quarter.
  • Net profit for the quarter increased by 62.9% YoY. Net profit margins during the quarter increased from 7.7% in 1QFY18 to 10.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit declined by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 1QFY19 as against 18.4% in 4QFY18.
  • Net profit for the quarter declined by 7.1% QoQ, while net profit margins declined from 12.1% in 4QFY18 to 10.7% in 1QFY19.

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

NIIT TECHNOLOGIES Share Price Performance

Over the last one year, NIIT TECHNOLOGIES share price has moved up from Rs 528.5 to Rs 1,234.2, registering a Gain of Rs 705.7 or around 133.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,618.2 (down 0.3%). Over the last one year it has moved up from 10,457.9 to 14,618.2, a gain of 4,160 points (up 39.8%).

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 1,234.2, the price to earnings (P/E) ratio of NIIT TECHNOLOGIES stands at 21.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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For the quarter ended December 2018, NIIT TECHNOLOGIES has posted a net profit of Rs 1 bn (up 27.2% YoY). Sales on the other hand came in at Rs 10 bn (up 28.4% YoY). Read on for a complete analysis of NIIT TECHNOLOGIES's quarterly results.

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Feb 18, 2019 03:35 PM

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