NIIT Limited — Board Meeting, 08-08-2025: Outcome of Board Meeting
08-08-2025 | 01:46 pm
08-08-2025 | 01:46 pm
NIIT Limited's board has approved the consolidated financial results for the quarter ended June 30, 2025. Revenue from operations reached ₹84.12 Cr. Consolidated Profit After Tax stood at ₹4.38 Cr.
The company made two significant strategic moves: acquiring a 70% stake in iamneo Edutech for ₹60.89 Cr, including a primary investment of ₹10.00 Cr. Additionally, NIIT made NIIT Institute of Finance Banking and Insurance Training Limited (IFBI) a wholly-owned subsidiary by purchasing the remaining 18.79% stake for ₹6.27 Cr. These strategic initiatives impacted the quarterly profit.
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