NIIT Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported revenue of ₹101.4 crore (1,014 million), marking a 3% year-on-year increase, and the second consecutive quarter with revenue above ₹100 crore. However, excluding iamneo, revenue saw a 10% year-on-year decline, primarily due to a significant slowdown in new hire training, particularly within large private sector banks and IT services firms. The company's Enterprise go-to-market segment showed resilience, growing 8% year-on-year, with Enterprise tech up 18% year-on-year, indicating underlying business improvement. This growth was attributed to a balanced strategy across early careers and working professionals, enhancing structural resilience. On the consumer side, overall revenue declined by 3% year-on-year, mainly due to a 36% drop in BFSI and others. However, consumer tech demonstrated strong performance, growing 22% year-on-year, reflecting sustained demand for tech skilling. The product mix shifted significantly, with Technology-BFSI now at 76:24 compared to 65:35 last year. Technology programs revenue stood at ₹76.6 crore (766 million), up 20% year-on-year, driven by increased go-to-market investment and advanced programs for working professionals. iamneo contributed ₹12.8 crore (128 million) to the quarter's revenue. Despite the revenue challenges, NIIT maintained positive margins through tight cost control and continued investment in go-to-market capacity and AI offerings. The company reported a Profit After Tax (PAT) of ₹3.9 crore (39 million) and an Earnings Per Share (EPS) of ₹0.29 paisa per share. For the first nine months of FY26, order intake was ₹334 crore (3,340 million), up 16% year-on-year, and revenue was ₹290.4 crore (2,904 million), up 7% year-on-year. The company is focusing on accelerating growth areas like Tech and AI, scaling AI programs, expanding into GCCs and Indian Enterprises, and positioning reskilling around AI-enabled role redesign. NIIT expects to achieve breakeven to low single-digit margins in Q4 FY26 due to continued investments. The company has guided for double-digit year-on-year growth in Q4 FY26. The merger of subsidiaries RPS Consulting and IFBI into NIIT Limited is on track and expected to be completed in the next 8-10 weeks to simplify the structure and improve agility. Management highlighted ongoing investments in AI, including building capabilities for solutions and agents, developing an AI-powered platform, and creating AI learning content. They also noted the successful launch of the "Building Agentic AI Systems" program and various Gen-AI and agentic AI programs for enterprise clients.
