NIIT earnings calls.

NIIT Limited reported a Q3 FY26 revenue of Rs 101.4 croreCurrent 3 crore vs previous available quarter 14 crore., up only 3% YoY, significantly missing management's double-digit growth expectation entering the quarter. The miss was primarily driven by a sharper-than-expected BFSI onboarding slowdownCurrent reported value: sharper-than-expected BFSI onboarding slowdown. No comparable prior figure is available in the source record. — large private sector banks and top IT services firms pushed out fresh hire training dates in the second half of the quarter — while operating expenses remained planned. Despite the revenue miss, positive margins were preserved via tight cost control. Technology programs grew 20% YoYCurrent Technology programs grew 20% YoY. Reported change: +20 in 9M FY26. to Rs 76.6 crore, reflecting successful pivot to working professional upskilling, and now represents a decisive 76:24 tech-to-BFSI revenue mixCurrent 76:24 tech-to-BFSI revenue mix. Reported change: vs 65:35 YoY (+11pp tech shift). versus 65:35 a year ago. AI-enabled offerings contribute meaningfully to revenue. The company added 37Current 37. Reported change: +37 in 9M FY26. new enterprise logos and 20 new institutions in 9M FY26. Guidance for Q4 is double-digit YoY revenue growthCurrent reported value: double-digit YoY revenue growth. No comparable prior figure is available in the source record. and break-even to low single-digit margins given ongoing investments. BFSI recovery plan includes diversification into NBFCs, insurance players, and lateral upskilling programs to reduce dependence on campus hiring cycles. Medium-term confidence is underpinned by IMU contribution (ahead of its full-year numbers in 9 months) and AI programs. Risk includes continued FSI caution, concentration in top private banks, and muted IT hiring. Other income of Rs 19.1 crore (including Rs 10.1 crore treasury income) partially supports profitability, though PAT of Rs 3.9 crore reflects the investment phase.