NIIT MTS Shines with 8.75% Rise in Q1 Net Profit Amidst GenAI Implementation

NIIT Learning Systems (NIIT MTS) reported an 8.75% year-on-year increase in consolidated net profit to Rs 60 crore for Q1 FY25. Revenue rose by 6.5% to Rs 407.22 crore. The company's focus on GenAI application for customer efficiency has been highlighted. Shares traded 1.45% higher at Rs 474.45.

NIIT Learning Systems (NIIT MTS) reported an 8.75% year-on-year increase in consolidated net profit, reaching Rs 60 crore for the first quarter of FY25.

The company had posted a net profit of Rs 55.17 crore in the same period last year.

Net revenue for the quarter was Rs 407.22 crore, a 6.5% rise from Rs 382.34 crore in the corresponding period of the previous fiscal year. Vijay K Thadani, Vice Chairman & Managing Director at NIIT MTS, stated that the firm has shown remarkable resilience in a volatile environment, taking a leadership role in leveraging GenAI to enhance customer learning and development functions.

Sequentially, net profit and revenue saw increases of 10.25% and 2.3%, respectively. EBITDA rose 11% to Rs 102.4 crore. CEO and Executive Director Sapnesh Lalla announced that the company added three new MTS contracts during Q1, bringing the customer total to 89, with two new contracts in technology and one in life sciences.

Lalla emphasized the company's resilient growth and customer retention, attributing early successes to GenAI. As of the first quarter, the headcount stood at 2,358 employees. Shares of NIIT MTS were trading 1.45% higher at Rs 474.45 on the BSE.

(With inputs from agencies.)