NIIT Limited Reports Mixed Q1 Results, Revises Full-Year Guidance
NIIT Limited reported mixed Q1 results with 2% YoY revenue growth to INR 841 million, but negative EBITDA of INR 63 million. The company revised its full-year revenue growth guidance to 15-20% from 25% earlier, citing macroeconomic headwinds and slower decision-making. Enterprise business revenue grew 7% YoY, while consumer business declined 8% YoY. NIIT completed the acquisition of a 70% stake in iamneo and the remaining 19% stake in NIIT IFBI. Order intake increased by 37% YoY to INR 1,065 million. The company expects Q2 revenue growth of 13-16% QoQ with marginally negative margins, and anticipates a gradual recovery beginning in Q2.

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NIIT Limited , a leading global skills and talent development corporation, reported mixed results for the first quarter, with revenue growth but negative EBITDA. The company also revised its full-year guidance, citing macroeconomic headwinds and slower decision-making in the market.
Financial Highlights
Metric | Value | Change |
---|---|---|
Revenue | INR 841.00 million | Up 2% YoY, Down 3% QoQ |
EBITDA | Negative INR 63.00 million | - |
Profit After Tax (PAT) | INR 44.00 million | Down from INR 131.00 million in previous quarter |
Earnings Per Share | INR 0.32 | - |
Segment Performance
Segment | Revenue | Change |
---|---|---|
Enterprise Business | INR 574.00 million | Up 7% YoY |
Consumer Business | INR 267.00 million | Down 8% YoY |
Business Mix: 68% Enterprise, 32% Consumer
Key Developments
Acquisition of iamneo: NIIT completed the acquisition of a 70% stake in iamneo, an AI-powered deep skilling SaaS platform, for INR 609.00 million.
IFBI Stake Purchase: The company acquired the remaining 19% stake in NIIT Institute of Finance Banking and Insurance (IFBI) from ICICI Bank, making it a wholly-owned subsidiary.
Order Intake: Total order intake increased by 37% year-over-year to INR 1,065.00 million, with the Enterprise segment showing a 35% growth.
New Logo Wins: NIIT signed 10 new logos across BFSI and other business segments during the quarter.
Challenges and Market Conditions
NIIT's performance was impacted by several factors:
- Slowdown in decision-making cycles and discretionary spending cuts by Global System Integrators (GSIs)
- Cautious hiring sentiment in the banking sector
- Geopolitical conflicts affecting training batch schedules
- Planned investments in AI, go-to-market strategies, and integration expenses related to recent acquisitions
Revised Guidance and Outlook
Metric | Revised Guidance |
---|---|
Q2 Revenue Growth Expectation | 13-16% (QoQ) |
Full-Year Revenue Growth Guidance | 15-20% (from earlier 25%) |
Q2 Margins | Expected to remain marginally negative |
Mr. Pankaj Jathar, CEO of NIIT Limited, commented on the results, stating, "While the near-term environment remains volatile, our conviction in the medium- to long-term opportunity is intact. We expect Q2 to mark the beginning of a gradual and sustained recovery."
Strategic Initiatives
NIIT is focusing on several strategic initiatives to drive growth:
- Accelerating go-to-market investments
- Expanding sales teams and increasing brand visibility
- Revamping learning platforms and introducing deep skilling programs in new-age technologies
- Integrating AI tools to enhance learner outcomes and internal productivity
- Expanding offerings to include generative and agentic AI, AI and digital coaching for banks and enterprises
The company remains committed to its long-term strategic objectives and continues to see significant opportunities in the skills and talent development sector, particularly in AI, digital, and domain-led learning.
As NIIT navigates through the current challenging environment, it aims to leverage its strong brand, differentiated deep skilling methodology, and scalable AI-powered delivery platform to capitalize on the evolving market demands and drive future growth.
Historical Stock Returns for NIIT
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.50% | +2.59% | -7.58% | -8.27% | -5.58% | +280.89% |