NIIT TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Up 59.4%

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 TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Up 59.4%
Fri, 19 Oct

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

NIIT TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,3728,2499,07410.0%23.1%
Other incomeRs m822202262.7%175.6%
TurnoverRs m7,4548,4699,3009.8%24.8%
ExpensesRs m6,1516,9347,4337.2%20.8%
Gross profitRs m1,2211,3151,64124.8%34.4%
DepreciationRs m3413123192.2%-6.5%
InterestRs m262018-10.0%-30.8%
Profit before taxRs m9361,2031,53027.2%63.5%
TaxRs m20429936321.4%77.9%
Profit after taxRs m7329041,16729.1%59.4%
Gross profit margin%16.615.918.1
Effective tax rate%21.824.923.7
Net profit margin%9.810.712.5
* 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 23.1% on a year-on-year (YoY) basis. The expenses were up by 20.8% YoY during the same period.
  • The company's operating profit increased by 34.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.1% in 2QFY19 as against 16.6% in 2QFY18.
  • Depreciation charges and finance costs declined by 6.5% YoY and 30.8% YoY, respectively.
  • Other income increased by 175.6% YoY during the quarter.
  • Net profit for the quarter increased by 59.4% YoY. Net profit margins during the quarter increased from 9.8% in 2QFY18 to 12.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.2% QoQ during the same period.
  • The company's operating profit increased by 24.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.1% in 2QFY19 as against 15.9% in 1QFY18.
  • Net profit for the quarter increased by 29.1% QoQ, while net profit margins increased from 10.7% in 1QFY18 to 12.5% in 2QFY19.

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 612.5 to Rs 1,185.5, registering a Gain of Rs 573.0 or around 93.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,246.8 (down 2.9%). Over the last one year it has moved up from 10,360.4 to 14,246.8, a gain of 3,886 points (up 37.5%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 1,185.5, the price to earnings (P/E) ratio of NIIT TECHNOLOGIES stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

Equitymaster requests your view! Post a comment on "NIIT TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Up 59.4%". Click here!

  

Related Views on News

NIIT TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 22.3% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, NIIT TECHNOLOGIES has posted a net profit of Rs 1 bn (up 22.3% YoY). Sales on the other hand came in at Rs 11 bn (up 10.5% YoY). Read on for a complete analysis of NIIT TECHNOLOGIES's quarterly results.

NIIT TECHNOLOGIES Announces Quarterly Results (2QFY20); Net Profit Up 7.2% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, NIIT TECHNOLOGIES has posted a net profit of Rs 1 bn (up 7.2% YoY). Sales on the other hand came in at Rs 10 bn (up 14.4% YoY). Read on for a complete analysis of NIIT TECHNOLOGIES's quarterly results.

NIIT TECHNOLOGIES 2016-17 Annual Report Analysis (Annual Result Update)

Mar 15, 2019 | Updated on Mar 15, 2019

Here's an analysis of the annual report of NIIT TECHNOLOGIES for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of NIIT TECHNOLOGIES. Also includes updates on the valuation of NIIT TECHNOLOGIES.

More Views on News

Most Popular

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

How to Become a One Stock Crorepati(Profit Hunter)

Feb 6, 2020

A little known Indian stock that is set to turn around its own fortunes, and your wealth, if you just have the foresight to get in on time...

Will Algo Traders Take Away All Your Profits?(Fast Profits Daily)

Feb 11, 2020

How to fight back against algo trading systems.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

No Change in My Long-Term View on the Rebirth of India Stocks(The 5 Minute Wrapup)

Feb 6, 2020

Why the recent post budget volatility has not affected my bullish view on the Rebirth of India stocks.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

NIIT TECHNOLOGIES SHARE PRICE


Feb 19, 2020 (Close)

TRACK NIIT TECHNOLOGIES

  • Track your investment in NIIT TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON NIIT TECHNOLOGIES

NIIT TECHNOLOGIES - CHINASOFT COMPARISON

COMPARE NIIT TECHNOLOGIES WITH

MARKET STATS