NIIT Learning Systems

NIIT Learning Systems reported Q4 FY26 revenue of ₹525.2 croreCurrent reported value: ₹525.2 crore. No comparable prior figure is available in the source record., up 22% YoYCurrent reported value: 22% YoY. No comparable prior figure is available in the source record., but management admitted it fell short of expectations due to transient budget pullbacks from two large clients. EBITDA margin contracted to 19%Current reported value: 19%. No comparable prior figure is available in the source record. (20%+ ex-Sweet Rush), while PAT surged 58% YoYCurrent reported value: 58% YoY. No comparable prior figure is available in the source record. to ₹77.1Current reported value: 77.1. No comparable prior figure is available in the source record. crore. Full-year EBITDA margin of 20.3%Current reported value: 20.3%. No comparable prior figure is available in the source record. landed within the guided range. The company signed five new annuity clients, bringing the total to 110Current 110. Reported change: +21 YoY., and revenue visibility improved to $49 millionCurrent $49 million. Reported change: +$10M QoQ.. AI-enabled revenue reached 13%Current 13%. Reported change: +2pp QoQ. of total revenue. For FY27, management guided high single-digit revenue growth and 18-20% EBITDA margins, reflecting macro uncertainty and elongated decision cycles. The key risk is that budget pullbacks could persist if macroeconomic conditions worsen, delaying the expected recovery in Q1.