NIIT Ltd Q3 FY26: Revenue Up 3% YoY to ₹101.4 Crore Amidst BFSI Slowdown
NIIT Limited reported Q3 FY26 revenue of ₹101.4 crore, up 3% YoY. Excluding iamneo, revenue declined 10% due to a BFSI slowdown. Enterprise revenue grew 8%, while consumer tech rose 22%. PAT was ₹3.9 crore. The company expects double-digit YoY growth in Q4 FY26 and is merging subsidiaries RPS and IFBI.
The announcement details mixed financial performance, with some segments showing resilience while others face significant headwinds. The company's strategic focus on AI and technology, coupled with restructuring efforts, indicates a medium-term impact on future growth and market position.
The results show a mixed performance with YoY revenue growth but a significant slowdown in new hire training, particularly in the BFSI sector. While the Enterprise segment and tech-focused areas show strength, the overall results are impacted by external factors, leading to a neutral sentiment.
NIIT Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported revenue of ₹101.4 crore (1,014 million), marking a 3% year-on-year increase, and the second consecutive quarter with revenue above ₹100 crore. However, excluding iamneo, revenue saw a 10% year-on-year decline, primarily due to a significant slowdown in new hire training, particularly within large private sector banks and IT services firms.
The company's Enterprise go-to-market segment showed resilience, growing 8% year-on-year, with Enterprise tech up 18% year-on-year, indicating underlying business improvement. This growth was attributed to a balanced strategy across early careers and working professionals, enhancing structural resilience.
On the consumer side, overall revenue declined by 3% year-on-year, mainly due to a 36% drop in BFSI and others. However, consumer tech demonstrated strong performance, growing 22% year-on-year, reflecting sustained demand for tech skilling.
The product mix shifted significantly, with Technology-BFSI now at 76:24 compared to 65:35 last year. Technology programs revenue stood at ₹76.6 crore (766 million), up 20% year-on-year, driven by increased go-to-market investment and advanced programs for working professionals. iamneo contributed ₹12.8 crore (128 million) to the quarter's revenue.
Despite the revenue challenges, NIIT maintained positive margins through tight cost control and continued investment in go-to-market capacity and AI offerings. The company reported a Profit After Tax (PAT) of ₹3.9 crore (39 million) and an Earnings Per Share (EPS) of ₹0.29 paisa per share.
For the first nine months of FY26, order intake was ₹334 crore (3,340 million), up 16% year-on-year, and revenue was ₹290.4 crore (2,904 million), up 7% year-on-year. The company is focusing on accelerating growth areas like Tech and AI, scaling AI programs, expanding into GCCs and Indian Enterprises, and positioning reskilling around AI-enabled role redesign.
NIIT expects to achieve breakeven to low single-digit margins in Q4 FY26 due to continued investments. The company has guided for double-digit year-on-year growth in Q4 FY26. The merger of subsidiaries RPS Consulting and IFBI into NIIT Limited is on track and expected to be completed in the next 8-10 weeks to simplify the structure and improve agility.
Management highlighted ongoing investments in AI, including building capabilities for solutions and agents, developing an AI-powered platform, and creating AI learning content. They also noted the successful launch of the "Building Agentic AI Systems" program and various Gen-AI and agentic AI programs for enterprise clients.
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