NIIT Technologies gains 10% on robust March quarter earnings report

Shares of NIIT Technologies surged 10 per cent to Rs 1,307 on the BSE on Wednesday after the company reported a healthy 24.4 per cent year-on-year growth in earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 198.8 crore for the quarter ended March quarter (Q4FY20). Ebitda margins improved by 91 basis points to 17.9 per cent against 17.0 per cent in year ago quarter.

The company’s consolidated revenue during the quarter rose 19 per cent to Rs 1,109 crore from Rs 932 crore in the corresponding quarter of previous fiscal.

For Q4FY20, the order intake of $180 million, with three large deals secured, reflects continued deal signing momentum. The cumulative order intake for the year is $748 million, up 16 per cent over previous year.