NIIT Q2: Expect 20% plus margin from corporate learning segment, says management

NIIT has raised guidance for corporate learning group to 30 percent plus from mid-20 percent, Vijay Thadani, vice chairman and managing director, told CNBC-TV18.

Skills and talent development company NIIT Ltd, on Wednesday, said its consolidated net profit has more than doubled to Rs 52.4 crore in the September 2021 quarter. The company had registered a net profit of Rs 26 crore in the year-ago period. Net revenue was higher by 44 percent at Rs 314.2 crore in the quarter under review compared to Rs 218.9 crore in the year-ago period. EBITDA also surged by 115 percent and there is margin expansion as well.

“We have upped the guidance for corporate learning group from the mid-20s to 30 percent plus and margins are stabilising at mid-20s in the corporate learning group. We are also upping the guidance for skill and careers and it’s at the cusp of a major take-off,” Thadani said.