Q2 revenue up 16%, but profit down 88% amid exceptional costs
NIITLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.9 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NIIT's unaudited consolidated Q2 operating revenue rose 15.7% to Rs 1,049.45 million, but profit after tax attributable to owners fell 88.4% to Rs 13.73 million. Exceptional costs were Rs 25.52 million. H1 revenue rose 9.2% to Rs 1,890.62 million, while owners' profit fell 73.4% to Rs 57.52 million. Standalone Q2 revenue fell 4.0%, with a Rs 30.41 million loss. Operating cash flow was negative. The auditor found no material misstatement.
Revenue growth offers some support, but the profit drop, standalone loss, exceptional costs and negative cash flow may pressure the stock.