NIIT Learning Systems Records Slight Increase in Q4 Profit, Announces Dividend

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NIIT Learning Systems Records Slight Increase in Q4 Profit, Announces Dividend

Team FS

22/May/2024

Key Points:

Steady Financial Performance: NIIT Learning Systems records a slight increase in consolidated profit after tax (PAT) for the fourth quarter ended March 2024, accompanied by a modest rise in revenue from operations.
Improved Operational Efficiency: The company's operating profit (EBITDA) witnesses a notable 11% growth, with margins expanding to 24%, reflecting improved operational performance.
Dividend Recommendation: NIIT Learning Systems recommends a final dividend of ₹2.75 per equity share for the financial year 2024, underscoring its commitment to shareholder value.

NIIT Learning Systems announces its financial results for the fourth quarter ended March 2024, showcasing a steady performance amidst dynamic market conditions.

Steady Financial Performance:
In the reporting quarter, NIIT Learning Systems reports a marginal rise in consolidated profit after tax (PAT), reaching ₹54.4 crore, compared to ₹54 crore in the same period last year. The company's revenue from operations registers a modest 3% increase, reaching ₹398 crore, reflecting sustained growth momentum in its core business operations.

Improved Operational Efficiency:
Operating profit, measured as earnings before interest, taxes, depreciation, and amortization (EBITDA), demonstrates significant growth, surging by 11% to ₹96 crore in the January-March quarter of FY24. Furthermore, the company achieves an expansion in margins, reaching 24%, indicative of enhanced operational efficiency and effective cost management strategies.

Dividend Recommendation:
NIIT Learning Systems reaffirms its commitment to shareholder value by recommending a final dividend of ₹2.75 per equity share for the financial year 2024. This gesture underscores the company's confidence in its financial strength and long-term growth prospects, while also rewarding shareholders for their continued support and investment in the company.

In his statement, Vijay K Thadani, Co-founder of NIIT and Vice Chairman and Managing Director at NIIT MTS, expresses optimism about the company's performance and future prospects. He highlights the potential of GenAI in enhancing training efficiency and effectiveness, underscoring NIIT Learning Systems' commitment to innovation and delivering value to its customers.

As trading progresses, shares of NIIT Learning Systems trade 2.03% higher at ₹462.45 apiece on the NSE, reflecting positive investor sentiment and confidence in the company's performance. Over the last 12 months, the stock has witnessed a notable gain of 20%, indicative of market recognition of NIIT Learning Systems' growth trajectory and potential.

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NIIT Learning Systems Records Slight Increase in Q4 Profit, Announces Dividend

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