NIIT Learning Systems Ltd — earnings calls

NIIT Learning Systems reported Q1 FY27 revenue of INR5,651 million, up 25% year-on-year, with organic constant currency growth of 5% after excluding the MST and SweetRush acquisitions and the discontinued North American real estate contract. EBITDA came in at INR1,032 million, a margin of 18.3%, within the range management had guided. Management discussed segment-wise performance, progress on AI-enabled learning offerings which contributed 13% of revenue, and provided guidance for high single-digit full-year revenue growth with EBITDA margins of 18% to 20%.

NIIT Learning Systems reported Q4 FY26 revenue of INR5,252 million, up 22% year-on-year, with EBITDA at INR1,002 million at a 19% margin, though management said revenue came in below expectations due to transient budget reductions from a couple of large clients. Full year FY26 revenue was INR19,520 million, up 18.1% year-on-year, with EBITDA margin of 20.3% within the guided range, and PAT of INR2,477 million. Management discussed the SweetRush and MST acquisitions completed during the year, AI-enabled revenue reaching approximately 13% of total revenue, and guided FY27 revenue growth in high single digits with an EBITDA margin of 18% to 20%.