NIIT Learning Systems Q2 Results Live : NIIT Learning Systems announced their Q2 results on 23 October 2024, revealing a significant year-over-year profit increase of 21.66%. The company’s topline also saw an uptick, rising by 4.06% compared to the same period last year.
However, when compared to the previous quarter, NIIT experienced a decline in revenue of 2.4% and a profit decrease of 4.97%. This mixed performance indicates some challenges in maintaining momentum quarter-over-quarter.
The company’s Selling, General & Administrative expenses saw a slight decline of 0.75% on a quarterly basis but increased by 4.2% year-over-year. This reflects ongoing operational adjustments as NIIT seeks to optimize costs.
Operating income for Q2 also showed a downturn, falling by 12.74% compared to the prior quarter, although it increased slightly by 0.61% year-over-year. These fluctuations suggest that while the company is growing on a yearly basis, it faces hurdles in short-term performance.
Earnings per Share (EPS) for the quarter stood at ₹4.21, marking an 18.6% increase from the previous year, a positive indicator for shareholders despite the mixed performance metrics.
Despite recent quarterly results, NIIT Learning Systems has delivered a disappointing -13.15% return over the last week, -15.01% in the past six months, and a negligible -0.32% year-to-date return. Investors may be cautious given these trends.
As of now, NIIT Learning Systems boasts a market capitalization of ₹5954.61 Cr, with a 52-week high of ₹576.9 and a low of ₹342.3, reflecting significant volatility in stock performance.
Analyst sentiment appears optimistic, with one covering analyst giving a ‘Strong Buy’ rating as of 25 October 2024. The consensus recommendation is also to ‘Strong Buy’, suggesting confidence in the company’s long-term prospects despite recent fluctuations.
NIIT Learning Systems Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 397.45 | 407.23 | -2.4% | 381.93 | +4.06% |
| Selling/ General/ Admin Expenses Total | 268.01 | 270.04 | -0.75% | 257.21 | +4.2% |
| Depreciation/ Amortization | 15.26 | 14 | +9.05% | 16.97 | -10.05% |
| Total Operating Expense | 328.42 | 328.12 | +0.09% | 313.31 | +4.82% |
| Operating Income | 69.03 | 79.11 | -12.74% | 68.61 | +0.61% |
| Net Income Before Taxes | 74.54 | 81.25 | -8.25% | 67.36 | +10.66% |
| Net Income | 57.04 | 60.02 | -4.97% | 46.88 | +21.66% |
| Diluted Normalized EPS | 4.21 | 4.41 | -4.47% | 3.55 | +18.6% |
