NIIT Share Price
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As of 01 Dec`22 the Market Cap of NIIT Ltd. is 3762.25.
As of 01 Dec`22 the PE is 59.30 and PB is 1.90.
The revenue for the September 2022 quarter is pegged at Rs. 1363.19 millions, about 22.31% up against Rs. 1114.52 millions recorded during the year-ago period.The Net Profit of the company slipped to Rs. 183.73 millions from Rs. 513.75 millions, a decline of -64.24% on QoQ basis.Operating Profit reported a sharp decline to 247.57 millions from 635.59 millions in the corresponding previous quarter.
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The acquisition was completed at a fixed consideration of $23.428 Million subject to certain adjustments
NIIT is currently trading at Rs. 321.90, up by 28.25 points or 9.62% from its previous closing of Rs. 293.65 on the BSE.
The scrip opened at Rs. 294.20 and has touched a high and low of Rs. 327.25 and Rs. 294.20 respectively. So far 65085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 658.55 on 13-Apr-2022 and a 52 week low of Rs. 271.00 on 28-Oct-2022.
Last one week high and low of the scrip stood at Rs. 327.25 and Rs. 275.00 respectively. The current market cap of the company is Rs. 4277.91 crore.
The promoters holding in the company stood at 34.88%, while Institutions and Non-Institutions held 33.10% and 32.01% respectively.
NIIT has acquired 100% membership interest in St. Charles Consulting Group LLC (StC) through its wholly owned subsidiary, NIIT (USA), Inc. Headquartered in St. Charles, Illinois, StC is a leading provider of consulting, design, and implementation solutions for strategic learning programs to professional services firms and Fortune 500 companies. The acquisition was completed at a fixed consideration of $23.428 Million subject to certain adjustments as per definitive agreements. In addition, the definitive agreements provide for payment of annual performance based earnouts over the next four years.
The acquisition helps NIIT add significant presence in the professional services and management consulting sectors while strengthening NIIT’s rapidly growing learning consulting practice. The transaction is in line with NIIT’s stated goal of accelerating growth through investments that add new capabilities to bring more value to its customers and strengthen presence in attractive customer segments.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.
Pursuant to Regulation 39(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, NIIT has informed regarding of loss of share certificate from the shareholder, Samyak Kumar (Folio No: 5181) further details attached. Duplicate share certificate will be issued only on receipt of complete documents from the shareholder within 30 days of such lodgements of complete documents.
The above information is a part of company’s filings submitted to BSE.
NIIT has informed that the Meeting of the Equity Shareholders of the Company was held today, Tuesday, November 15, 2022 at 10:00 am IST through Video Conferencing/Other Audio Visual Means (‘VC / OAVM) pursuant to the directions issued by the Hon’ble National Company Law Tribunal, Chandigarh Bench (‘NCLT’) vide its order dated August 29, 2022 read with the order dated September 8, 2022 and in compliance with the provisions of the Companies Act, 2013 (the ‘Act’) and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’), to consider and approve the Composite Scheme of Arrangement between NIIT (‘Transferor Company’/ ‘the Company’) and NIIT Learning Systems (‘Transferee Company’) and their respective Shareholders and Creditors (‘Scheme’). The Meeting was concluded at 10:57 am (IST). In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (‘Listing Regulations’), the company submitted the summary of proceedings of the NCLT Convened Meeting of the Equity Shareholders of the Company held on Tuesday, November 15, 2022. Take this on record and treat the same as compliance with the applicable provisions of the Listing Regulations.
The above information is a part of company’s filings submitted to BSE.
NIIT LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2022 ,inter alia, to consider and approve Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is being informed that a meeting of the Board of Directors ('the Board') of the Company is scheduled to be held on Tuesday, May 24, 2022, to transact, inter-alia, the following businesses: 1. to consider and approve, Audited Financial Statements for the Financial year ended March 31, 2022 and Audited Financial Results for the quarter and Financial year ended March 31, 2022, both Consolidated and Standalone; 2. to consider and recommend final dividend for the financial year 2021-22, if any. You are requested to take note of the same and inform your members accordingly.
Rs.3.0000 per share(150%)Interim Dividend
Quarterly Results & Interim Dividend
Rs.2.5000 per share(125%)Dividend
Dividend & Audited Results
Buy Back of Shares
Total consolidated income of the company increased by 23.05% to 406.92 crore for Q2FY23
NIIT has reported results for second quarter ended September 30, 2022.
The company has reported fall of 64.46% in its net profit at Rs 18.21 crore for Q2FY23 as compared to Rs 51.24 crore for the corresponding quarter previous year. Total income of the company decreased by 3.45% to Rs 160.29 crore for the quarter under review as compared to Rs 166.01 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 20.56% in its net profit at Rs 41.51 crore for the quarter under review as compared to Rs 52.25 crore for the same quarter in the previous year. However, total income of the company increased by 23.05% to 406.92 crore for the quarter under review as compared to Rs 330.70 crore for the same quarter in the previous year.
The award was given to NIIT Digital for its contribution to the technology training sector at the ASSOCHAM
NIIT’s online learning platform -NIIT Digital has been recognized as the Best E-Learning Platform by the Associated Chambers of Commerce & Industry of India (ASSOCHAM). The award was given to NIIT Digital for its contribution to the technology training sector at the ASSOCHAM Futuristic Technologies & 7th Technology Excellence Awards ceremony in Kolkata.
NIIT Digital is a Learner Experience Platform which has been playing an integral role in connecting corporate and individual learners seamlessly. It has successfully enabled an environment for improving learning, effectiveness, and efficiency through live interactive learning and mentoring sessions.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements