NIIT Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2025.
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NIIT Limited's board, at its May 13, 2025 meeting, approved the audited consolidated and standalone financial results for Q4 and FY25. Consolidated revenue from operations rose about 18% to Rs. 3,576 Million, while profit after tax from continuing operations grew roughly 24% to Rs. 495 Million; full-year EPS came in at Rs. 3.41 versus Rs. 2.85 in the prior year. Statutory auditor S.R. Batliboi & Associates LLP issued an unmodified (clean) opinion on the results, but flagged an Emphasis of Matter relating to the reclassification of unbilled revenue (Rs. 91.99 Million) from other financial assets to contract assets under other current assets for the prior year. The board also recommended a final dividend of Rs. 1 per equity share (face value Rs. 2), subject to shareholder approval. Post year-end, the company acquired a 70% stake in iamneo Edutech (NEO) for Rs. 613 Million and approved steps to make subsidiary IFBI wholly owned.
Solid FY25 with healthy revenue and profit growth, a clean audit, and a modest dividend should be viewed positively by shareholders. The NEO acquisition and IFBI consolidation could provide future growth optionality, though investors may want to watch integration outcomes.