NIIT's Impressive Earnings and Strategic Acquisitions Drive Future Growth

NIIT reported a robust 18% rise in consolidated profit after tax for the fourth quarter of FY25, totaling Rs 13.13 crore. This marks an improvement from Rs 11.16 crore during the previous year's corresponding period. Similarly, the company's revenue gained traction, climbing to Rs 86.28 crore, up from Rs 74.34 crore.

The full fiscal year also reflected strong performance, as NIIT recorded approximately a 20% increase in profit after tax, amounting to Rs 46.12 crore from Rs 38.36 crore in FY24. The revenue for the year reached Rs 357.6 crore, marking an 18% year-over-year growth.

Amidst a challenging business environment, CEO Pankaj Jathar highlighted the consistent year-on-year revenue growth across multiple sectors, including Technology and BFSI. Furthering its commitment to skill development, NIIT acquired a 70% stake in the AI-driven SaaS platform iamneo, which aims to bolster higher education capabilities.

(With inputs from agencies.)