NIITLTD: Generative AI programs

 

  • NIITLTD: Generative AI programs
  • In FY24, NIIT Ltd announced the integration of Generative AI in its existing Digital Marketing and Full Stack Software Engineering programs which is aimed at equipping learners with a competitive edge in today’s rapidly evolving job market thereby making them industry-ready.
  • Recovery was led by increased penetration in BFSI, GCCs/ Tier II GSIs and India Enterprise segment 
  • Revenue from BFSI & Other programs at INR 935 Mn up 39% YoY; contributes 31% vs 20% last year 
  • Revenue from Technology programs at INR 2,100 Mn down 23% YoY; contributes 69% 
  • Change in Business mix has resulted in a more balanced portfolio with contribution from both Early Careers and Work Pros at 50% each
  • Despite negative growth in Revenue, EBITDA at INR 48 Mn vs INR 10 Mn in FY23 driven by rationalization of operating expenses 
  • PAT at INR 384 Mn up from INR 32 Mn last year
  • Net Cash of INR 7,185 Mn 

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