NIITMTS Q2 FY27 Revenue ₹528.6 Cr (+11.1% YoY), Acquires Bluewater Learning
NIIT Learning Systems reported Q2 FY27 consolidated revenue of ₹528.6 crore, up 11.1% YoY. EBITDA was ₹87.4 crore, and PAT was ₹37.3 crore. The company acquired Bluewater Learning for up to USD 17.6 million. Revenue visibility increased by 25% YoY to USD 510 million.
The acquisition of Bluewater Learning is a strategic move that significantly expands the company's service offerings in a key area (HCM technology consulting). The substantial increase in revenue visibility and positive financial results also indicate a high impact on the company's future performance.
The company reported positive year-on-year revenue growth, a significant acquisition that enhances its capabilities, and increased revenue visibility. The management commentary also reflects a positive outlook on future growth driven by AI.
NIIT Learning Systems Limited announced its consolidated financial results for the second quarter of the financial year 2026-2027, ended September 30, 2026. The company reported a consolidated revenue of ₹528.6 crore, an increase of 11.1% year-on-year. EBITDA stood at ₹87.4 crore, with an EBITDA margin of 16.5%. Profit After Tax was ₹37.3 crore, and Earnings Per Share (EPS) was ₹2.7.
AI-enabled learning services contributed 17% of the revenue in Q2, showing a 22% quarter-on-quarter growth. Clients are increasingly engaging with NIIT for operating model redesign and AI-powered learning simulations, coaching, and content development.
The company acquired 100% of Bluewater Learning, LLC, a US-based HCM technology consulting and implementation specialist, for an aggregate consideration of up to USD 17.6 million (approximately ₹146.4 crore), including performance-based earnouts over five years. This acquisition enhances NIIT Learning's capabilities in HCM consulting, implementation, and integration.
NIIT Learning signed 4 new long-term annuity clients during the quarter, including a significant multi-year contract with a global enterprise software company. This has increased its revenue visibility to USD 510 million (approximately ₹4,248 crore), a 25% year-on-year rise. The company also expanded the scope of 2 existing contracts and renewed 3 contracts, maintaining a strong renewal rate, with the total number of long-term annuity clients reaching 116.
Vijay K. Thadani, Co-founder of NIIT and Vice Chairman & Managing Director of NIIT Learning, highlighted the transformative impact of their AI-enabled learning platform in redefining corporate L&D and driving business value. Sapnesh Lalla, CEO and Executive Director, emphasized the strategic investments in AI and expanded reach, both organic and inorganic, through acquisitions like Bluewater Learning, to help clients transform into AI-enabled L&D enterprises.
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