NIIT’s consolidated net proft for the quarter ended December, 2017 increased 350% to Rs.19.7 crore. Last year, in the corresponding quarter NIIT’s net profit was reported at Rs.4.4 crore.

The company’s net revenue increased 4% to Rs.209.4 crore for the December quarter, against Rs.202 crore in the year ago period. Skills and Careers Group (SNC) reported net revenue of Rs.69.1 crore, while MindChampion Learning Systems (MLSL) reported a net revenue of Rs.9.2 crore during the quarter.

Sapnesh Lalla, NIIT CEO stated, “A robust and continuing growth in Corporate Learning Group (CLG) coupled with strong operational controls in other businesses, resulted in 8% YoY growth in go- forward business in constant currency terms, and a 69% YoY  growth in EBITDA, despite it being the weakest seasonal quarter.”

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