NIIT TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 7.5%

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 (4QFY20); Net Profit Up 7.5%
Thu, 7 May

NIIT TECHNOLOGIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

NIIT TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m9,72210,73411,0933.3%14.1%
Other incomeRs m7314822149.3%202.7%
TurnoverRs m9,79510,88211,3144.0%15.5%
ExpensesRs m8,0078,7869,1093.7%13.8%
Gross profitRs m1,7151,9481,856-4.7%8.2%
DepreciationRs m303449433-3.6%42.9%
InterestRs m342654107.7%58.8%
Profit before taxRs m1,4511,6211,590-1.9%9.6%
TaxRs m2963363483.6%17.6%
Profit after taxRs m1,1551,2851,242-3.3%7.5%
Gross profit margin%17.618.116.7
Effective tax rate%20.420.721.9
Net profit margin%11.811.811.0
* 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 14.1% on a year-on-year (YoY) basis. The expenses were up by 13.8% YoY during the same period.
  • The company's operating profit increased by 8.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 4QFY20 as against 17.6% in 4QFY19.
  • Depreciation charges increased by 42.9% and finance costs increased by 58.8% YoY, respectively.
  • Other income increased by 202.7% YoY during the quarter.
  • Net profit for the quarter increased by 7.5% YoY. Net profit margins during the quarter declined from 11.8% in 4QFY19 to 11.0% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.7% QoQ during the same period.
  • The company's operating profit declined by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 4QFY20 as against 18.1% in 3QFY19.
  • Net profit for the quarter declined by 3.3% QoQ, while net profit margins declined from 11.8% in 3QFY19 to 11.0% in 4QFY20.

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

Tomorrow at 11:59pm: We will take the Instant Income video down permanently

NIIT TECHNOLOGIES Share Price Performance

Over the last one year,NIIT TECHNOLOGIES share price has moved up from Rs 1,255.8 to Rs 1,383.4, registering a Gain of Rs 127.6 or around 10.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,570.2 (up 0.8%). Over the last one year it has moved down from 15,682.4 to 13,570.2, a loss of 2,112 points (down 13.5%).

Overall, the S&P BSE SENSEX is down 18.0% over the year.

Current Valuations

At the current price of Rs 1,383.4, the price to earnings (P/E) ratio of NIIT TECHNOLOGIES stands at 18.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

Equitymaster requests your view! Post a comment on "NIIT TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 7.5%". 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

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

A Warning for Traders: Don't Get Addicted to Hopium(Fast Profits Daily)

Jun 30, 2020

If you are a trader, you must watch out for this dangerous addiction.

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

More

India's #1 Trader
Reveals His Secrets

The 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

NIIT TECHNOLOGIES SHARE PRICE


Jul 13, 2020 01:33 PM

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 - ORACLE FINANCIAL COMPARISON

COMPARE NIIT TECHNOLOGIES WITH

MARKET STATS