NIIT Ltd. — Regulatory Filings 2019

Oct 24, 2019

NIIT Limited 85, Sector 32 Institutional
Gurgaon 122 001, India Tel +91 (124) 4293000 Fax: +91 (124) 4293333 Email: info@niit.com

Registered Office: 8. Balaji Estate, First Floor Guru Ravi Das Marg, Kalkaji New Delhi 110 019, India CIN: L74899DL1981PLC015865

www.niit.com

October 24, 2019

The Manager BSE Limited

Corporate Relationship Department. 1st Floor, New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

The Manager National Stock Exchange of India Ltd 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 & half year ended September 30, 2019

Scrip Code: BSE - 500304; NSE - NIITLTD

Dear Sir.

Please find enclosed a copy of the press release for Unaudited Financial Results of the Company for the quarter & half year ended September 30, 2019.

This is for your information and records.

Thanking you,

Yours truly.

For NIIT Limited

ellah Jans

Deepak Bansal Company Secretary & Compliance Officer Encls : a/a

Press Release NIIT

NIIT Limited announces Q2 (July - September 2019) Consolidated Results

• Profit After Tax recorded at Rs. 209.3 Cr
• Corporate Learning Group (CLG) records revenue vlslblllty of US\$ 250 Mn, up 11% YoY; Manage(! Training Services (MTS) customer tally at Sl
• Real Estate Council of Ontario (RECO) program launched as scheduled in September

	NIIT limited Consolidated Financials for Quarter ended September 30, 2019*
(in Rs. Crore)	Quarter ended	Quarter ended	YoV change
		September 30, 2019* September 30, 201a•
Net Revenue	236.5	226	5%
EBJTDA	25.4	24	<'' 6%
Profit After Tax	209.3	25.9	18�.4

New Deihl, October 24, 2019: NIIT Limited (NSE: NIITLTD), a global leader In skills and talent development, today reported its results for the second quarter ending September 30, 2019. During the quarter, the company recorded a Net Revenue of Rs. 236.5 Cr. up 5% YoY; EBITDA was recorded at Rs. 25.4 Cr and Operating Margin at 11%. Profit After Tax was recorded at Rs. 209.3 Cr. This Includes impact of reversal Of tax provision pursuant to recent changes in income tax law, primarily related to divestment of shareholding in NIIT Technologies Limited.

The results were taken on record at the meeting of the Board of Directors held today.

Speaking on the company's performance during the quarter, Mr. Vijay K Thadani, Vice Chairman & Managing Director, NUT Limited said,. "Continued improvement in performance of go forward business Is a coilfirm,;,tion of the opportunity N/fT is pursuing and the strength of its value proposition. We also welcome the new tax structure proposed by the Finance Minister and have, embraced the lower tax rote. ^H

Corporate Learning Group (CLGJ recorded net revenue of Rs. 174 Cr up 8% YoY. It added 2 new Managed Training Services(MT5) customer in Q2, taking MTS customers tally to 51.

During the quarter NUT earned 37 coveted Brandon Hall Group HCM Excellence awards Jointly with I customers. The cornpanv was named a top winner for 2019.

Commenting on the quarter performance, Sapnesh Lalla, CEO, NIIT Ltd. said, "After a couple of muted couple of quarters are starting to generate revenue." quorte,s, Corporate Leaming Group ts starting to show growth. New contracts won over the last

NWinning 37 Brandon Hall awords, confirms NIIT commitment to excellence on quallty ond focus on creating business Impact for Its customers#, added Mr Lalla.

Skills & Careers Group (SNC) recorded net revenue of Rs. 58.3 Cr during Q2. SNC go forward business grew 4%YoY.

Continuing Its focus on the f/FutureReadyTalent Initiative, NIIT launched Future Fests, a pan-lndla connect program across SO colleges in the country. The Initiative will aim towards encouraging aspiring professionals to enhance their knowledge and skills through NIIT's future ready programs.

SNC added two large customers including a leading private bank and a global auto company, during the quarter. StackRoute and TPaaS (Talent Pipeline as a Service) continued to demonstrate strong growth momentum.

During the quarter, NIIT collaborated with Automation Anywhere, a global leader in robotic process automation (RPA), to deliver comprehensive RPA workshops to developers, students and IT professionals across India ... '

MindChamplon learning Systems llmi'ted (MLSL) registered net revenue of Rs. 4.2 Cr.

During the quarter MLSL added 80 new school contracts. MLSL also bagged the IDA Education Awards 2019 as the 'Product/solution/service of the Year for K-12 education' for its product Practice Plus, in the Education sector.

MLSL upgraded its 11W series and its Mathlab solution, which will be made available to schools for the coming academk session.

Share buyback update

As announced earlier, on August 10, 2019, the Board approved a proposal to buyback up to 2,68,00,000 (Two crore sixty eight lakh) Equity Shares from the shareholders of the Company at Rs. 125 per share, representing approximately 16% of the total paid up equity share capital for an aggregate amount not exceeding Rs. 335,00,00,000 [Tbree hundred and thirty five crore]. The shareholders approved the proposal on October 3. In accordance with the provisions of the Buyback Regulations, the Company had filed the draft letter of offer for the Buyback with SEBI on October 14, 2019 and is awaiting comments on the same. ,

About NIIT

NIIT is a leading Skills and, Talent Development Corporation that is building a manpower pool fo.rglobal industry requirements. The company, which was set up In 1981 to help the nascent IT industry overcome Its human resource challenges, today ranks among the world's leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint in over 30 countries, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. Nill has three main lines of business across the globe - Corporate Learning Group, Skills & Careers Business and M1ndChampion Learning Systems limited,

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NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies In North America, Europe, Asia, and Oceania. The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to milllons of individual and corporate learners in areas incl1.1ding Dig-ital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT. NIIT has incubated, StackRoute, as a (ligltal transformation partner for corporates 10 build multi-skilled full stack developers at scale. As NIIT's wholly owned subsidiary for Its K·12 school Jearning Initiative - MlndChamplon Learning Systems Limited (MLSL), provides curriculum based holistic range of education learning solutions to private schools in India under the nGuru brand. The product portfolio Includes technology-driven classroom solutions, labs, assessment solutions, career guidance and counselling programs, and courseware solutions for IT. Maths, Science and English.

As the Most Trusted Training Brand In India for 5th year In a row (Brand Trust Report, 2017), NIIT's learning and talent development solutions, continue to receive widespread recognition globally. NIIT has been named among the Top 20 Training Outsourcing Companies for the past twelve consecutive years by Training industry, Inc. USA Further, leading Indian ICT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of.this category. Nill has also been featured as the 'Most Respected Education Company'· 2016 by leading financial magazine, Business World,

For Media queries please contact	Investors may contact:
Prateek Chatterjee Senior Vice President, Corporate Communications & Marketing, NIIT Limited Ph: (Cell) +91 �910201085, (Dir) +91124 4293041 Email: prateek.chatteriee@niit com	Kapll Saurabh, NIIT Limited, Ph (Cell) +91 9899117793, (Dir) +91124 4293324 Email: kapll.s�urabh@niil.Con,
Swati Sharma Corporate Communications&. Marketing, NIIT Limited Ph: (Cell) +91 9999601154, (Dir) +91 124 4293042 Email: swati.sharrna@nilt.com	Visit usat: www.niit.com Follow us on: www.twitt1:r.comLniitltd

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