NIIT Earnings Call Transcript: Key Takeaways
Revenue fell 6% YoY due to sharp spending pullbacks by Global System Integrator (GSI) clients, masking 17% growth in the banking segment.
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Revenue fell 6% YoY due to sharp spending pullbacks by Global System Integrator (GSI) clients, masking 17% growth in the banking segment.
NIIT's board recommended Price Waterhouse as statutory auditor for five years from the 2027 AGM. Shareholder approval is pending; the incumbent continues until then.
Q2 FY27 revenue INR 982 Mn, down 6% YoY, up 3% QoQ. EBITDA INR 27 Mn; PAT loss INR 22 Mn. AI revenue 12.4% of total.
NIIT Limited released its Q2 FY27 results press release, reporting revenue growth and EBITDA doubling year-on-year. AI offerings reached 12.4% of revenue, and a new CEO was appointed.
NIIT Ltd reported revenue from operations of ₹98.2 Cr (-6.4% YoY) and a net loss of ₹1.8 Cr for Q2 FY27.
NIIT Limited scheduled a board meeting for October 27, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026.
The Income Tax Department has filed an appeal against NIIT Ltd before the ITAT regarding tax disallowances for AY 2018-19. The potential tax effect is estimated at ₹1.72 Crore.
NIIT Limited's CEO Pankaj Prabhakar Jathar resigned effective October 14, 2026. Anish Kumar Sarkar has been appointed as the new CEO effective the same date.