NIIT Learning Systems Limited — Earnings Release 2024

Oct 30, 2023

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October 30, 2023

The Manager BSE Limited Corporate Relationship Department 1[st] Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

The Manager

National Stock Exchange of India Limited Listing Department Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Subject: Press Release for Unaudited Financial Results for the quarter and half year ended September 30, 2023

Scrip Code: BSE - 543952; NSE - NIITMTS

Dear Sir/Madam,

Please find enclosed a copy of the press release for Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2023.

This is for your information and records.

Thanking you,

Yours sincerely,

For NIIT Learning Systems Limited

DEEPAK Digitally signed by DEEPAK BANSAL BANSAL Date: 2023.10.30 13:38:09 +05'30' Deepak Bansal Company Secretary & Compliance Officer

Encl.: a/a

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Press Release

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NIIT Learning Systems Limited announces Q2 FY24 (July-September 2023) Results

• Revenue at 381.9 Cr, up 27% YoY

• EBITDA at Rs. 91 Cr, up 58% YoY; EBITDA margin at 23.8%, up 464 bps YoY

• Added 4 New MTS Customers; Revenue Visibility at USD 350 million

• Company declares interim dividend of Rs. 2.50 per share

NIIT Learning Systems Limited (NLSL) Consolidated Financials for Quarter ended September 30, 2023

NIIT Learning Systems Limited (NLSL) Consolidated Financials for Quarter ended September 30, 2023	NIIT Learning Systems Limited (NLSL) Consolidated Financials for Quarter ended September 30, 2023	NIIT Learning Systems Limited (NLSL) Consolidated Financials for Quarter ended September 30, 2023	NIIT Learning Systems Limited (NLSL) Consolidated Financials for Quarter ended September 30, 2023
(in Rs. Crore)	Quarter ended September 30, 2023	Quarter ended September 30, 2022	YoY change
Net Revenue	381.9	300.3	27%
EBITDA	91	57.6	58%
Profit After Tax	46.9	37	27%

Note: Results include impact of inorganic activity and the demerger of NLSL from NIIT Limited.

New Delhi, October 30, 2023 : NIIT Learning Systems Limited [NIIT Managed Training Services (NIIT MTS)] (Ticker Symbol: NIITMTS), a global leader in managed learning services announced the results for the second quarter ended September 30, 2023.

The consolidated Net Revenue recorded by the company during this quarter is Rs 381.9 Cr, up 27% YoY. EBITDA was Rs. 91 Cr, up 58% YoY. EBITDA Margin stood at 23.8% and Profit After Tax was Rs. 46.9 Cr, resulting in an EPS of Rs. 3.5.

The results were taken on record at the meeting of the Board of Directors held today. The Board also approved an interim dividend of Rs. 2.50 per share. The record date for the dividend will be November 10, 2023.

During the quarter, NIIT MTS added 4 new MTS customers. In addition, the company maintained its track record of 100% renewals with 4 renewals during the period. At the end of the quarter, the company has 85 active MTS customers with a revenue visibility of USD 350 million.

Press Release

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In the quarter, NIIT MTS earned 56 Brandon Hall Excellence in HCM awards jointly with customers including 33 gold awards, 10 silver awards, and 13 bronze awards.

Commenting on the results, Vijay K Thadani, Co-founder NIIT and Vice Chairman & Managing Director, NIIT Learning Systems Limited said, “Disruptive technologies like AI present a massive opportunity for learning to become significantly more impactful and will enable organizations to transform their talent and achieve competitive advantage. By investing early in these transformative technologies, NIIT MTS is uniquely positioned to become more valuable to its growing list of customers”.

Quarter Highlights

• NIIT MTS made a strategic investment in the private placement round of KIC InnoEnergy, SE (EIT InnoEnergy). With this investment, NIIT MTS joined the cap table as one of the new strategic investors in the private placement round that included major players from industrial, financial, training, and digital sectors to accelerate the clean energy industrial innovation.

• NIIT MTS announced the launch of "Xsel," a modern Real Estate Learning Platform, designed exclusively for real estate brokerages and their agents. Xsel is a comprehensive and cutting-edge learning solution designed to solve challenges in learning, performance, and professional development for real estate agents at brokerages.

• NIIT MTS was named to Training Industry, Inc.'s 2023 Top 20 Learning Services companies list for the sixteenth consecutive year and the Top 20 Experiential Learning Technologies companies list for the third consecutive year.

Sapnesh Lalla, Executive Director & CEO, NIIT Learning Systems Limited stated, “In a tough economic environment, our value proposition is continuing to resonate with a larger set of customers. We continue to make investments, expand our customer set, and grow our capabilities uniquely positioning NIIT MTS for acceleration and growth as the environment starts to stabilize”.

ABOUT NIIT LEARNING SYSTEMS LIMITED

NIIT Learning Systems Limited (NIIT MTS) offers Managed Training Services to market-leading companies across 30 countries. Trusted by the world’s leading companies, NIIT MTS provides high-impact managed learning solutions that weave together the best of learning theory, technology, operations, and services to enable a thriving workforce.

The NIIT MTS comprehensive suite of Managed Training Services includes Custom Content and Curriculum Design, Learning Delivery, Learning Administration, Strategic Sourcing, Learning

Press Release

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Technology, and L&D consulting services. With a Net Promoter Score of 9 on 10 and a 100% renewal rate, NIIT MTS helps leading companies transform their learning ecosystems while increasing the business value and impact of learning.

Visit us at: www.niitmts.com Follow us on: www.twitter.com/niitmts

For Media queries contact:

Shivani Chakravarthy Regional Vice President, Marketing, NIIT MTS shivanich@niitmts.com

Swati Sharma Corporate Communications & Marketing, NIIT MTS Ph: (Cell) +91 9999601154, (Dir) +91 124 4293042 Email: swati.sharma@niitmts.com

Investors may contact:

Kapil Saurabh, Vice President, NIIT MTS Ph (Cell) +91 9899117793, (Dir) +91 124 4293324 Email: kapil.saurabh@niitmts.com