NIIT Technologies Q2 FY’20 Revenue up 19% YonY

EBIDTA margin expands to 18.3%

Order intake during the quarter at US$ 176 mn

Board recommends interim dividend of Rs 10 per share

Noida, October 23 2019, Wednesday: NIIT Technologies Limited (NSE: NIIT Technologies), a leading global IT solutions organization, today announced its financial results for Q2 FY2019-20. The Company has reported consolidated revenue of Rs 1038.5 crore and net profit of Rs 119.5 crore for Q2 FY’20.

Q2 Highlights:

• Revenues grew 19% YonY and 8.2% QonQ
• Profit after taxes were up 12.2% YonY and 17.0% QonQ
• Order intake of US$ 176 mn, marking the 10th consecutive quarter of sequential increase in order intake
• The Board recommends an interim dividend of Rs 10 per share as interim dividend. The record date for this payout will be 5^th November 2019.

*The numbers above are for continuing operations (excl ESRI business)

Consolidated revenues for the quarter under review grew 19.0% over the same period last year and 8.2% sequentially over the preceding quarter to Rs 1038.5 crore. EBITDA margin for the quarter expanded to 18.3%, up 118 basis points QoQ.

Among verticals, Insurance grew 15.3% QonQ contributing 31.1% of overall revenues, BFS expanded 9.4% QonQ contributing to 16.7% of revenue, and Travel Transport and Hospitality (TTH) was up 5.8% QonQ contributing to 27.8% of revenue. Other segments collectively grew 0.8% QonQ and they now represent 24.4% of overall revenues.

Digital revenues grew by 56% YoY and 18% QoQ, contributing to 38% of the total revenues in the quarter under review. Americas, EMEA, APAC and India contributed 49%, 37%, 10% and 4% of the revenue mix.

Fresh business of US$176mn was secured by the company during the quarter. As a result, the order book executable over the next twelve months has also increased to US$405mn.

“We have delivered robust revenue and margin performance yet again in line with our stated intent to drive robust, predictable and profitable growth for our business. The fundamentals of the business continue to be strong, as reflected in the sustained deal wins and the operating margin threshold that we have established,” said Mr. Sudhir Singh, Chief Executive Officer, NIIT Technologies Ltd.

Acknowledgements:

• A TBR Perspective on Transform at the intersect - NIIT Technologies and the near future of Digital and Post-digital Transformation
• A special blog by NelsonHall on how NIIT Technologies Delivers Digital Transformation with Capacity & Capability at Speed and Scale
• HfS Research PoV on Change the game with verticalized AI: NIIT Technologies’ unique play as a post-digital firm