NIIT Q2 results: Net profit up 11% to ₹11.83 crore

The Gurugram-headquartered company's net profit stood at ₹10.64 crore in the year-ago period, according to a regulatory filing.

Revenue for the quarter under review came in at Rs 90.71 crore, an uptick of 11.43% from ₹81.40 crore in the July-September quarter of FY24.

Seen quarter-on-quarter, profit and revenue rose 52.64% and 9.99%, respectively.

"The business recorded robust growth in Q2 across Technology, BFSI & other programs with enrolments increase in both early career and working professional segments. We expect this momentum to be maintained, driven by improving hiring sentiment in IT and acceleration in BFSI," NIIT vice chairman and MD Vijay K Thadani said.

The company's headcount declined to 735 employees in Q2 FY25 against 843 in Q2 FY24.

Stock price performance

Shares of NIIT dropped over 5% to ₹149.95 apiece on the NSE on Friday. The stock opened at ₹158 and touched an intraday low of ₹148.01, in the session so far.

About NIIT

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.