After IT hiring shock, NIIT bets on banks and IT retraining for a better H2: Rajendra Singh Pawar
NIIT Group's chairman Rajendra Singh Pawar is optimistic about the training industry's ability to cope with the hiring slowdown from the IT industry. "In terms of profitability, EBITDA, which was minus 9.5 crore, is now minus 6.3 crore. So, we see an improvement going forward. And at the PAT level, versus minus 9.4, we are at 2.2 crore plus. So, perhaps there is a bottoming out of the shock that came from the IT industry and its tightening of the belt in terms of hiring. "
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