NIIT Limited has accepted the resignation of Udai Singh, marking the conclusion of his tenure as a Senior Management Personnel of the company. His departure became effective at the close of business hours on July 31, 2026, with no replacement or further details regarding the reason for his exit provided in the filing.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Additionally, the company referenced SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its submission to the stock exchanges.

Key Details

The intimation was issued to the National Stock Exchange of India Limited and BSE Limited by Arpita Bisaria Malhotra, Company Secretary and Compliance Officer of NIIT Limited. The company’s registered office is located in Gurugram, Haryana.

No brief profile or disclosure of relationship between directors was applicable in this instance, as per the annexure provided in the filing.

NIIT Limited reported a consolidated net profit of ₹81 Mn for the quarter ended June 30, 2026, marking an 85% year-on-year increase from ₹44 Mn in the corresponding period of the previous fiscal. Revenue from operations rose 14% to ₹957 Mn, driven by robust growth in both Enterprise and Consumer segments. The profitability surge was underpinned by a significant improvement in operating efficiency, with EBITDA narrowing to a loss of ₹14 Mn compared to a loss of ₹63 Mn in Q1FY26. This performance reflects the company’s successful integration of RPS Consulting and IFBI, alongside strong demand for AI-led skilling solutions.

Financial Performance and Segment Breakdown

The company’s top-line growth was broad-based, with Enterprise revenue increasing 8% YoY to ₹618 Mn and Consumer revenue surging 27% YoY to ₹339 Mn. This shift altered the enterprise-to-consumer revenue mix from 68-32 in the prior year to 65-35 in Q1FY27.

Technology programs contributed ₹680 Mn (up 16% YoY), while BFSI & Other programs added ₹277 Mn (up 9% YoY). Order intake remained strong at ₹953 Mn, indicating sustained demand for new AI programs and go-to-market initiatives.

Balance Sheet and Operational Metrics

Sanjeev Bansal, Chief Financial Officer, highlighted that cash and cash equivalents stood at ₹7,231 Mn, providing ample liquidity for continued investments. Capital expenditure was contained at ₹66 Mn, with management noting that the company is past the peak of its current platform investment cycle. Days Sales Outstanding (DSO) remained stable at 53 days. Employee count decreased by 65 quarter-on-quarter to 866, reflecting improved productivity and operating leverage as operating expenses grew only 7%, significantly slower than revenue growth.

Net other income was ₹180 Mn, primarily comprising treasury income of ₹175 Mn. This was partially offset by net finance costs of ₹3 Mn and exceptional expenses of ₹15 Mn related to legacy tax matters and the amalgamation scheme of RPS and IFBI.

Strategic Developments and Guidance

Vijay K Thadani, Vice Chairman & Managing Director, attributed the strong start to FY27 to the integration of RPS Consulting and IFBI, which has streamlined go-to-market strategies. Pankaj Jathar, CEO, emphasized that AI-led revenue now constitutes 9% of total revenue. The company launched new training programs for forward-deployed engineers, site reliability engineers, and AI auditors, addressing the full lifecycle of enterprise AI adoption.

In the BFSI sector, NIIT expanded beyond traditional banking anchors to activate four new solution lines across insurance, NBFCs, wealth, and Gen AI, securing live commercial engagements with over 15 clients outside traditional bank induction programs.

Looking ahead, management expects double-digit revenue growth in Q2FY27. On margins, the company anticipates near-breakeven EBITDA in Q2, positioning it for positive margins in the second half of the fiscal year. The Board of Directors approved the unaudited financial results at its meeting held on July 21, 2026.