Financial Results - Consolidated (Rs. in Millions)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: ₹5,285.76
  • Other Income: ₹58.43
  • Total Income: ₹5,344.19
  • Total Expenses: ₹4,800.48
  • Profit Before Exceptional Items & Tax: ₹543.71
  • Exceptional Items (Net): ₹33.63 (Legal, professional & other costs towards strategic initiatives)
  • Profit Before Tax: ₹510.08
  • Tax Expense: ₹136.95 (Current Tax: ₹158.50; Deferred Tax Credit: ₹(21.55))
  • Profit After Tax: ₹373.13
  • Earnings Per Share (Basic): ₹2.70; (Diluted): ₹2.67

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: ₹10,936.57
  • Other Income: ₹224.02
  • Total Income: ₹11,160.59
  • Profit After Tax: ₹947.24
  • Earnings Per Share (Basic): ₹6.87; (Diluted): ₹6.78

Comparative Performance (YoY - Q2)

  • Revenue Growth: +11.1% (vs. ₹4,757.16 in Q2 FY26)
  • Net Profit Decline: -20.5% (vs. ₹469.64 in Q2 FY26)

Comparative Performance (QoQ - Q2 vs Q1)

  • Revenue Decline: -6.5% (vs. ₹5,650.81 in Q1 FY27)
  • Net Profit Decline: -35.0% (vs. ₹574.11 in Q1 FY27)

Balance Sheet Highlights (Consolidated - as of September 30, 2026)

  • Total Assets: ₹30,615.73 Million
  • Total Equity: ₹16,303.75 Million
  • Share Capital: ₹276.32 Million
  • Borrowings (Non-Current + Current): ₹2,399.68 Million
  • Cash & Cash Equivalents: ₹3,600.34 Million

Financial Results - Standalone (Rs. in Millions)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: ₹1,430.82
  • Profit After Tax: ₹222.24
  • Earnings Per Share (Basic): ₹1.61; (Diluted): ₹1.59

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: ₹2,816.16
  • Profit After Tax: ₹505.51

Key Board Decisions

1. Approval of Financial Results: The Board approved the unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026. The results were reviewed by the Audit Committee and come with an unmodified limited review report from the statutory auditors.

2. Appointment of Statutory Auditors: Based on the Audit Committee's recommendation, the Board approved the appointment of Price Waterhouse Chartered Accountants LLP (FRN: 012754N/N500016) as the Statutory Auditors for a term of five consecutive years. The term will commence from the conclusion of the 25th Annual General Meeting (AGM) in 2027 until the conclusion of the 30th AGM in 2032. This appointment is subject to approval by shareholders at the 25th AGM.

3. Incumbent Auditor: The current auditors, M/s. S. R. Batliboi & Associates LLP, will continue their duties until the conclusion of the 25th AGM in 2027.

4. Trading Window: The trading window for dealing in the company's securities, which was closed for designated persons and their immediate relatives, will reopen effective November 1, 2026.

Subsequent Event (Post-Quarter)

Subsequent to the quarter end, a wholly-owned overseas subsidiary, NIIT (USA), Inc., acquired 100% membership interest in Bluewater Learning, LLC. The aggregate purchase price is up to USD 17.6 million, which includes an earnout amount payable over the next five years based on Bluewater Learning's performance. Payments are subject to customary adjustments as per the definitive agreements.

Notes to Accounts Highlights

  • Exceptional Items: For the consolidated entity, Q2 FY27 exceptional expense was ₹33.63M related to strategic initiatives. For the full year FY26, a standalone exceptional item of ₹135.28M was recorded due to the impact of new Labour Codes on gratuity liability.
  • ESOPs: During the quarter, 1,488,667 options were granted and 347,008 equity shares were issued under the NLSL ESOP 2023-0 and ESOP 2024 plans. 11,099,911 options remained outstanding as of September 30, 2026.
  • Goodwill Adjustment: Goodwill was reduced by ₹210.74M due to a concluded assessment of the provisional goodwill from the acquisition of MST Group.
  • Accounting Reclassification: Unbilled revenue was reclassified from "Other Financial Assets" to "Trade Receivables" following an ICAI EAC opinion, leading to a restatement of comparative figures (₹840.06M consolidated, ₹76.01M standalone as of Mar'26).
  • Merger: A step-down subsidiary, Stackroute Learning Inc., USA, was merged with and into NIIT USA Inc. effective July 17, 2026.

Auditor's Review Report

S.R. Batliboi & Associates LLP issued a limited review report with an unmodified opinion on the consolidated results. They included an Emphasis of Matter paragraph drawing attention to the restatement of goodwill figures (Note 6) and the reclassification of unbilled revenue (Note 9). Their conclusion is based on their review and the review reports of other auditors for material subsidiaries.