What was NIIT Learning Systems's revenue in Q4 FY26?

NIIT Learning Systems reported revenue of ₹525 Cr in Q4 FY26, a +22% change year-over-year.

Did NIIT Learning Systems management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

NIIT Learning Systems Q4 FY26 Research Workspace: Revenue ₹525 Cr (+22%)

Q: What guidance did NIIT Learning Systems management give?

FY27 Revenue Growth: High Single Digit: Overall revenue growth expected in high single digits for FY27, including contributions from Sweet Rush and MST.

Revenue ₹525 Cr +22%

EBITDA ₹102 Cr +16.8%

PAT ₹77 Cr +58%

EBITDA Margin 19% -130bps

Duration 90 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

NIIT Learning Systems reported Q4 FY26 revenue of ₹525.2 crore, up 22% YoY, but management admitted it fell short of expectations due to transient budget pullbacks from two large clients. EBITDA margin contracted to 19% (20%+ ex-Sweet Rush), while PAT surged 58% YoY to ₹77.1 crore. Full-year EBITDA margin of 20.3% landed within the guided range. The company signed five new annuity clients, bringing the total to 110, and revenue visibility improved to $49 million. AI-enabled revenue reached 13% 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.

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Research workspace

Focused Modules

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Risk Intelligence

Macro Uncertainty and Client Budget Pullbacks

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Quarter Snapshot

Annuity Clients 110

+21 YoY

Total long-term annuity clients at quarter end, up from 89 last year.

Revenue Visibility $49M

+$10M QoQ

Revenue visibility from annuity contracts increased from $39M last quarter.

AI-Enabled Revenue Share 13%

+2pp QoQ

AI-enabled revenue as a percentage of total revenue, up from 11% last quarter.

DSO 65 days

-9 days QoQ

Days sales outstanding improved from 74 days in the previous quarter.

Fast read

Guidance and risk preview

Top guidance FY27 Revenue Growth: High Single Digit

Overall revenue growth expected in high single digits for FY27, including contributions from Sweet Rush and MST.

Top risk Macro Uncertainty and Client Budget Pullbacks

Two large clients made material but transient reductions to year-end L&D budgets; similar pullbacks could recur if macro uncertainty persists.