India · Delayed Price · Currency is INR NIIT Limited Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 9% year-on-year in FY 2026, surpassing guidance, with strong order intake and positive PAT. Strategic investments in AI and working professional programs drove growth, while the integration of iamneo exceeded expectations and the company enters FY 2027 with a robust pipeline.
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Q3 FY26 saw revenue growth in technology training and AI offerings, but overall results were impacted by a sharp slowdown in BFSI onboarding and fresh hire training. The company expects double-digit growth in Q4, with continued focus on tech, AI, and structural simplification.
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Q2 FY26 delivered strong revenue and order growth, with positive EBITDA and robust performance from the IMGO acquisition. The company maintained its 15%-20% FY26 growth guidance, continued strategic investments, and initiated a merger to streamline operations.
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Q1 results missed guidance due to macro headwinds and planned investments, but strong order intake and strategic acquisitions (iamneo, IFBI) position the company for sequential growth in Q2. Full-year revenue growth is guided at 15%-20%, with organic growth at 5%-10%.
Fiscal Year 2025
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Q4 and FY 2025 saw double-digit revenue and profit growth year-on-year, driven by strong technology and BFSI program performance, despite ongoing macroeconomic volatility. Strategic acquisition of iamneo and continued investment in product development position the business for over 25% growth in FY 2026.
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Q3 FY25 saw 15% YoY revenue growth and improved EBITDA, but Q4 is expected to be seasonally weaker due to mixed trends in tech and BFSI. Full-year growth guidance is revised to 20%, with long-term targets and investments in AI, consumer, and hybrid models remaining intact.
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Q2 FY25 saw 11% YoY revenue growth and a return to positive EBITDA, driven by BFSI and tech programs. Full-year revenue guidance of INR 380–400 crore is maintained, with continued investment in AI and new offerings. Strong balance sheet and cost control support future growth.
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Q1 revenue grew 32% year-on-year to INR 825 million, with BFSI and technology segments driving growth. Ongoing investments are expected to result in near-term negative margins, but full-year guidance remains at INR 380-400 crores with a low single-digit margin.