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

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 (2QFY20); Net Profit Up 7.2%
Fri, 1 Nov

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

NIIT TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m9,0749,62710,3857.9%14.4%
Other incomeRs m226206102-50.5%-54.9%
TurnoverRs m9,3009,83310,4876.7%12.8%
ExpensesRs m7,4338,2428,4692.8%13.9%
Gross profitRs m1,6411,4421,91632.9%16.8%
DepreciationRs m31940144711.5%40.1%
InterestRs m18314441.9%144.4%
Profit before taxRs m1,5301,2161,52725.6%-0.2%
TaxRs m363318276-13.2%-24.0%
Profit after taxRs m1,1678981,25139.3%7.2%
Gross profit margin%18.115.018.4
Effective tax rate%23.726.218.1
Net profit margin%12.59.111.9
* 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 14.4% on a year-on-year (YoY) basis. The expenses were up by 13.9% YoY during the same period.
  • The company's operating profit increased by 16.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.4% in 2QFY20.
  • Depreciation charges increased by 40.1% and finance costs increased by 144.4% YoY, respectively.
  • Other income declined by 54.9% YoY during the quarter.
  • Net profit for the quarter increased by 7.2% YoY. Net profit margins during the quarter declined from 12.5% in 2QFY19 to 11.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit increased by 32.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.4% in 2QFY20 as against 15.0% in 1QFY19.
  • Net profit for the quarter increased by 39.3% QoQ, while net profit margins increased from 9.1% in 1QFY19 to 11.9% in 2QFY20.

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

FREE Event: The Great Indian Wealth Project

NIIT TECHNOLOGIES Share Price Performance

Over the last one year,NIIT TECHNOLOGIES share price has moved up from Rs 1,195.4 to Rs 1,530.4, registering a Gain of Rs 335.1 or around 28.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,325.5 (down 0.4%). Over the last one year it has moved up from 14,273.4 to 15,325.5, a gain of 1,052 points (up 7.4%).

Overall, the S&P BSE SENSEX is up 16.6% over the year.

Current Valuations

At the current price of Rs 1,530.4, the price to earnings (P/E) ratio of NIIT TECHNOLOGIES stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

Equitymaster requests your view! Post a comment on "NIIT TECHNOLOGIES Announces Quarterly Results (2QFY20); Net Profit Up 7.2%". Click here!

  

Related Views on News

COFORGE Share Price Down by 5%; BSE IT Index Down 0.2% (Market Updates)

May 10, 2021 | Updated on May 10, 2021

COFORGE share price is trading down by 5% and its current market price is Rs 3,380. The BSE IT is down by 0.2%. The top gainers in the BSE IT Index are ORACLE FINANCIAL (up 2.7%) and PERSISTENT SYSTEMS (up 1.1%). The top losers is COFORGE (down 5.2%)..

COFORGE Announces Quarterly Results (2QFY21); Net Profit Down 2.3% (Quarterly Result Update)

Jan 29, 2021 | Updated on Jan 29, 2021

For the quarter ended September 2020, COFORGE has posted a net profit of Rs 1 bn (down 2.3% YoY). Sales on the other hand came in at Rs 12 bn (up 11.1% YoY). Read on for a complete analysis of COFORGE's quarterly results.

COFORGE Announces Quarterly Results (1QFY21); Net Profit Down 7.7% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, COFORGE has posted a net profit of Rs 829 m (down 7.7% YoY). Sales on the other hand came in at Rs 11 bn (up 9.8% YoY). Read on for a complete analysis of COFORGE's quarterly results.

Why Did HCL Tech Shares Plunge Today? (Company Info)

Apr 26, 2021

Key takeaways from HCL Technologies Q4FY21 results.

Why Subex Shares Rallied 32% in the Last Two Sessions? (Company Info)

Apr 22, 2021

Share price of the company witnessed upward rally in the last trading session even as share markets remained volatile.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

More

India's #1 Trader
Reveals His Secrets

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

COFORGE SHARE PRICE


May 10, 2021 (Close)

TRACK COFORGE

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

COFORGE - CRANES SOFTWARE COMPARISON

COMPARE COFORGE WITH

MARKET STATS