NIITMTS Q2 : CONS NET PROFIT DOWN 20.5% AT ₹37.3 CR (YOY); ACQUIRES BLUEWATER LEARNING FOR UP TO $17.6 MN. WEAK (ON 1ST LOOK)

• Revenue up 11.1% at ₹528.6 Cr YoY. • Ebitda down 9.6% at ₹87.4 Cr YoY; margins 16.5% vs 20.3% YoY. • Revenue visibility at USD 510 million, up 25% YoY; signed large multi-year annuity contract with a global enterprise software leader. • Acquired Bluewater Learning through wholly owned subsidiary NIIT (USA) for up to USD 17.6 million, including five-year earnouts. Impact: Q2 profit down 20.5% and Ebitda down 9.6% YoY; revenue up 11.1% with USD 510 mn visibility.

NIIT Learning Systems Limited

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