NIIT Reports Flat Q3 FY24-25 Results Amidst Mixed Financial Indicators and Liquidity Concerns

NIIT, a small-cap player in the IT education sector, has reported its financial results for the third quarter of FY24-25, highlighting a flat performance. The company has experienced an adjustment in its evaluation, with its score reflecting notable challenges in its financial health over the past three months.
On a more positive note, NIIT's Profit After Tax (PAT) for the nine-month period stands at Rs 34.23 crore, showcasing a year-on-year growth of 23.58%. The company also achieved its highest quarterly net sales in the last five quarters, reaching Rs 98.11 crore, which suggests a favorable sales trend. Additionally, Earnings per Share (EPS) peaked at Rs 0.99, indicating enhanced profitability for shareholders.

However, the financial results also reveal concerning trends. The Profit Before Tax (PBT), excluding other income, has declined to Rs 0.52 crore, reflecting a significant year-on-year drop. Moreover, non-operating income accounted for a substantial portion of the PBT, raising questions about the sustainability of the company's income sources. Lastly, cash and cash equivalents have reached their lowest level in the last six half-yearly periods at Rs 59.78 crore, indicating challenges in short-term liquidity.

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