NIIT Learning Systems Limited (NIIT MTS) Announces Q3 FY’25 (October-December 2024) Results

New Delhi : NIIT Learning Systems Limited (Ticker Symbol: NIITMTS), a global leader in managed learning services, announced the results for the third quarter ended December 31, 2024.

During the October to December 2024 quarter, the company recorded a consolidated Net Revenue of Rs. 418.9 Cr, up 5% QoQ and 7% YoY. EBITDA was Rs. 94.6 Cr while EBITDA Margin stood at 23%. Profit After Tax was Rs. 61.7 Cr, up 8% QoQ and up 9% YoY. EPS for the quarter was Rs. 4.54.

The results were taken on record at the meeting of the Board of Directors held on January 22, 2025.

NIIT MTS added two new global Managed Training Services (MTS) clients during the quarter, including one of the top 10 banks in USA and one global automotive company. Additionally, the company maintained its track record of 100% renewals, with three contract renewals during this quarter. Further, the company expanded scope of work with two clients. The MTS client tally at the end of the quarter stood at 92, bringing revenue visibility to USD 391 Million.

During the quarter, NIIT MTS won 39 Brandon Hall Group “Excellence in Technology Awards” including 13 awards for NIIT MTS’s AI-powered technology innovations. The company was also featured on the 2024 Training Industry, Inc.’s Top 20 IT and Technical Training Companies list for the fifteenth consecutive year.

Vijay K. Thadani, Co-founder NIIT and Vice Chairman & Managing Director, NIIT MTS shared his views on the results, “In a tough economic environment, NIIT MTS’ strong value proposition is resonating with clients and prospects, resulting in wallet share improvement and new client acquisition. Clients are starting to take advantage of NIIT MTS’ innovative use of AI and technology in learning.”

Commenting on the results, Sapnesh Lalla, CEO and Executive Director, NIIT MTS, stated, “Our Q3 FY’25 performance demonstrates NIIT MTS’s resilience and ability to navigate challenging market conditions. The recovery in growth this quarter reflects the strength of our client relationships and the value we deliver. Securing a spot in the Training Industry, Inc.’s top 20 IT and Technical Training Companies and multiple industry awards on innovative use of AI is a testament to our investments in use of AI across the L&D value stream.”

Awards and Accreditations

• NIIT MTS earned 39 Brandon Hall Group Excellence in Technology Awards 2024 including 13 Awards for NIIT MTS’s AI-powered technology innovations.
• NIIT MTS was named to Training Industry, Inc.’s Top 20 IT and Technical Training Companies for the fifteenth consecutive year