NIIT (NIITLTD) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 consolidated revenue was INR 907.12 million, up 10% QoQ and 11% YoY, marking the third consecutive quarter of YoY growth.

• EBITDA reached INR 21 million, a turnaround from negative INR 2 million last quarter and INR 22 million last year.

• Profit after tax from continuing operations was INR 133.83 million, up 53% QoQ and 11% YoY.

• Strategic pivots included focus on Tier 2 GSIs, GCCs, India Enterprise modernization, advanced tech programs, and BFSI sector.

• Continued investment cycle to drive sustainable and profitable growth, with new CEO and strengthened management team.

Financial highlights

• Revenue: INR 907.12 million (+10% QoQ, +11% YoY).

• EBITDA: INR 21 million (vs. -INR 2 million last quarter, INR 22 million last year).

• PAT: INR 133.83 million (vs. INR 82.78 million last quarter, INR 107.21 million last year).

• EPS: INR 0.97 (vs. 0.8 last year).

• Net other income: INR 182.188 million, mainly from treasury.

Outlook and guidance

• Full-year revenue guidance retained at INR 380–400 crore, with low single-digit margin expected.

• Sequential quarter-on-quarter growth of over 10% anticipated, despite typical Q3 seasonality.

• Growth drivers include GSIs, GCCs, India Enterprise, and BFSI, with green shoots in IT hiring.

• Planned acceleration of investments in H2 for enterprise and consumer go-to-market strategies.