NIIT Technologies' consolidated revenues for Q2FY20 grew 19% yoy vs. Q2FY19 and 8.2% sequentially over the preceding quarter to Rs1038.5cr. EBITDA margin for the quarter expanded to 18.3%, up 118bps qoq.
The company's PAT came in higher 12.2% yoy and 17% qoq to Rs119.5cr.
Among verticals, Insurance grew 15.3% qoq contributing 31.1% of overall revenues, BFS expanded 9.4% qoq contributing to 16.7% of revenue, and Travel Transport and Hospitality (TTH) was up 5.8% qoq contributing to 27.8% of revenue. Other segments collectively grew 0.8% qoq and they now represent 24.4% of overall revenues.
Digital revenues grew by 56% yoy and 18% qoq, contributing to 38% of the total revenues in the quarter under review. Americas, EMEA, APAC and India contributed 49%, 37%, 10% and 4% of the revenue mix.
Fresh business of US$176mn was secured by the company during the quarter. As a result, the order book executable over the next twelve months has also increased to US$405mn.
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