NIIT Learning Systems: Q3 FY 24 – Flattish performance
Numbers
Revenue Rs 382 crore, up 8% YoY; Growth excluding St. Charles acquisition: 3%
EBITDA margin maintained at 24%
Revenue visibility down at $348 Mn
EPS went up by 21% due to other income
Guidance
Tax rate will catch in Q4 to end FY 24 at tax rate of 28%
FY 24 guidance: Revenue to grow by 11% to 12% in FY 24 CC and by mid-teens in Rs terms
Long-term guidance: 20% revenue growth and 20% EBITDA margin
Other details
Clients are still cautious about discretionary expenses although some amount of sequential growth is expected
Board to take a call on dividend in Q4
Current EBITDA of 24% will come down as hiring and investments may pick up
Looking to expand across European region
Attrition is below 12%
Just when I thought the quarterly results weren’t that impressive, price shot up 11% in a day. Rest of my week will go in thinking what did I miss 
| Subscribe To Our Free Newsletter |
