NIIT Ltd. — Interim / Quarterly Report 2025

Jan 24, 2025

January 24, 2025

The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

The Manager

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Sub: Presentation made to the Analysts and / or Institutional Investors

Scrip Code: BSE – 500304; NSE – NIITLTD

Dear Sir/Madam,

Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the presentation to be made to the Analysts and/or Institutional Investors on the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2024.

The same shall be available on our website i.e. www.niit.com.

This is for your information and records.

Thanking You

Yours truly,

For NIIT Limited

ARPITA Digitally signed by ARPITA BISARIA BISARIA MALHOTRA Date: 2025.01.24 MALHOTRA 13:12:43 +05'30' Arpita Bisaria Malhotra Company Secretary & Compliance Officer

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FINANCIAL RESULTS Q3 FY25 January 24, 2025

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All Images via meta ai

Environment

Hiring sentiment high but impact not yet visible. In fact, top 5 GSIs see drop in headcount in Q3’FY25

AI talent demand in India to grow at 15% CAGR from current base of 600650K (2022) to 1250-1350K (2027)

GCCs in India expected to raise hiring 2025% in next 6 months on BFSI & Manufacturing push

In Private banks, Hiring in frontline roles reduced due to lower attrition across Top 4 Banks (YoY impact of 6-7% moderation) | NBFCs outpaced banks in credit growth (CAGR 12.5% vs. 11.7%)

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Significant upskilling opportunity, to get fresh graduates' job-ready considering 2025 graduates without job offers [Universe of 2.5 Mn+**]

Source: (1) HT News & TOI (2) ET News (3) AI powered tech services Report from BCG & NASSCOM (4) Hindu News Business-Standard (5) AISHE report

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Q3 FY25: In Perspective

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• Revenue at INR 981 Mn ; up 15% YoY and up 8% QoQ; 4th successive

• quarter of double-digit YoY growth

• BFSI & Other programs at INR 340 Mn up 35% YoY & 4% QoQ; Revenue from Technology programs at INR 641 Mn up 7% YoY & 10% QoQ

• Sentiment for tech hiring has seen an improvement but hiring has not yet scaled; Some tapering on BFSI hiring seen due to regulatory actions

• EBITDA at INR 92 Mn Vs INR 21 Mn LQ & INR 78 Mn LY

• PAT at INR 134 Mn up from INR 118 Mn LQ. EPS at INR 1.0 , up from INR 0.9 LQ

• Net Cash of INR 7,395 Mn (+194 Mn QoQ); last quarter INR 7,201 Mn

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Key Financials

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INR Mn Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY
Net Revenue 981 907 8% 852 15%
Operating expenses 889 886 0% 774 15%
EBITDA 92 21 344% 78 18%
Depreciation 61 57 8% 48 27%
- -
Net Other Income/ (Expense) 143 188 24% 154 7%
-
Operational PBT 174 152 14% 183 5%
Tax 33 18 81% 32 3%
Profit/ (loss) from discontinued
(1) (12) 11 mn (1) 0 mn
Operations & Assets held for Sale
-
Non Controlling Interests (6) (3) 3 mn (7) 1 mn
PAT 134 118 13% 144
EPS (INR) 1.0 0.9 13% 1.1 -7%
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• Revenue up 15% YoY & 8% QoQ

• EBITDA at INR 92 Mn

• Net Other Income includes treasury income of INR 118 Mn and other income of INR 25 Mn

YoY and QoQ growth despite challenging and volatile environment

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Revenue Mix

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Q3 FY24 Q3 FY25
Work Pro
Work Pro
Early 45% Early
48%
Career Career
52% 55%
BFSI & BFSI &
Others, Others
30% 35%
Technology
Technology
65%
70%
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• BFSI & Other programs at INR 340 Mn up 35% YoY & 4% QoQ; Contribute 35% vs 30% in Q3 LY

• Revenue from Technology programs at INR 641 Mn up 7% YoY & 10% QoQ; Contribute 65% vs 70% in Q3 LY

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778

People

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753 752
735
720
Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
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Headcount down 15 QoQ and 58 YoY

Continue to transform cost structure from fixed to variable

* excludes project retainers

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Shareholding Pattern

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34.1% 34.5% 35.3% 37.7% 37.8%
12.7% 12.6% 12.6%
11.5% 11.5%
18.4% 18.2% 17.4% 13.6% 13.5%
34.7% 34.7% 34.7% 37.3% 37.2%
Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25
Promoters FPIs DIIs Individuals and Corporates
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* Holding % Includes impact of exercise of ESOPs

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8

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Helping people realize their true potential