NIIT Management On Strong Q3 Numbers, Growth & Future Expansion. Impact On NIIT Shares

NIIT Limited, a skills and talent development firm, unveiled its financial performance for the third quarter ending December 31, 2023. During this period, the company achieved a net revenue of Rs. 852 million, marking a 5% increase quarter-on-quarter (QoQ) and a 9% decrease year-on-year (YoY). EBITDA stood at Rs. 78 million, a notable rise from Rs. 22 million in Q2 FY24. Additionally, the Profit After Tax surged to Rs. 144 million compared to Rs. 106 million in Q2 FY24 and slightly above the Rs. 143 million recorded in Q3 FY23. BTTV's Sakshi Batra speaks with company's Chairman & Co-Founder Rajendra S Pawar.