Niit’s stock price jumped 8 percent in the afternoon session on June 4 after the company reported the fourth quarter after tax (PAT) in the hospital. 46.5 Crore against Rs 0.6 Crore in the last year period.
The company’s consolidated income jumped 30.5 percent at Rs 275.5 Crore against Rs 211.2 Crore (YOY). EBITDA consolidation came at Rs 68.4 Crore against RS 2.1 Crore and the consolidated EBITDA margin of 24.8 percent against 1 percent (yoy).
Niit records a quarter of revenue and profitability growth that is very strong due to sustainable business development, digital transformation and optimized business operations.
During the quarter, the company recorded a net income of Rs 275.5 Crore, up 30 percent YoY and Qoq 9 percent, he said in the exchange of exchanges.
For the full year, the company’s net income reached Rs 949.5 Crore, up 7 percent YoY. The EBITDA margin was recorded at 18.5 percent and EBITDA at RS 175.3 Crore rose 106 percent YoY, the company added.
