India · Delayed Price · Currency is INR NIIT Learning Systems Earnings Call Transcripts
Fiscal Year 2026
-
Q3 FY26 delivered 19% YoY revenue growth and 10% YoY EBITDA growth, with AI-enabled revenue now 11% of the business. The SweetRush acquisition strengthens the AI-led learning portfolio and is expected to be EPS accretive by FY27. Guidance for Q4 is 10%-12% QoQ revenue growth.
-
Q2 FY2026 saw 20% year-on-year revenue growth, driven by new client wins, MST Group acquisition, and a strong AI-enabled business now contributing 10% of revenue. Guidance for FY2026 is 12.5%-13% constant currency growth, with margins in the 20%-21% range and continued investment in AI and new capabilities.
-
Revenue grew 11% YoY and 5% QoQ, with EBITDA margin at 21%. The MSP Group acquisition expands the client base and strengthens the European presence. Full-year revenue growth is guided at 10%+ in constant currency, with margins expected in the 20–21% range.
Fiscal Year 2025
-
Q4 and FY results showed resilient revenue growth despite macro volatility, with margins impacted by contract ramp-up delays and cancellations. Strategic investments in AI and immersive learning, a robust pipeline, and a strong balance sheet support a 10%+ growth outlook and 20-21% margin guidance for FY26.
-
Q3 FY25 saw 7% YoY revenue growth and 8% QoQ PAT growth, driven by new customers, 100% renewals, and AI investments. EBITDA margin was 22.6%, with guidance reaffirmed for 7% annual growth and margins at the higher end of 22%-24%.
-
Q2 FY25 saw 4% year-on-year revenue growth but a 2% sequential decline, with EBITDA up 3% and PAT up 22% year-on-year. Full-year growth guidance was revised down to 7%+ due to delayed customer ramp-ups, but margins are expected at the higher end of 22-24%.
-
Q1 FY25 saw 7% YoY revenue growth and 11% YoY EBITDA growth, with margin expansion to 25%. Guidance for FY25 is 12%-14% revenue growth and 22%-24% EBITDA margin, with H2 expected to accelerate. Investments in AI and new customer wins are driving future growth.