Financial Performance Summary

Revenue Performance:

  • Q2 FY27 Revenue: Rs 982 million
  • Quarter-over-Quarter (QoQ) change: +3% (from Rs 957 million in Q1 FY27)
  • Year-over-Year (YoY) change: -6% (from Rs 1,049 million in Q2 FY26)

Profitability Metrics:

  • Q2 FY27 EBITDA: Rs 27 million
  • Quarter-over-Quarter (QoQ) change: Improved by Rs 41 million (from negative Rs 14 million in Q1 FY27)
  • Year-over-Year (YoY) change: +100% (from Rs 13 million in Q2 FY26)

Segment Performance Breakdown

Business Segment Revenue:

  • BFSI & Industry Performance Solutions: Rs 321 million (grew 16% QoQ and 11% YoY)
  • Technology programs: Rs 661 million

AI Offerings Contribution:

  • AI offerings contributed 12.4% of total revenue in Q2 FY27
  • This represents significant growth from 9% contribution in the previous quarter

Strategic Initiatives and Business Developments

Management Changes:

  • Appointed Anish Sarkar as Chief Executive Officer, effective October 14, 2026
  • Anish Sarkar brings more than two decades of experience in business building, transformation and M&A-led growth
  • Appointed Bimaljeet Singh Bhasin as Chief Growth Officer to drive growth strategy and market presence
  • Bimaljeet brings over 25 years of leadership experience in technology, education and talent development

New Program Launches:

  • Expanded consumer learning portfolio with five new AI Professional Programs:
  • AI engineering
  • AI-powered full-stack development
  • Machine learning
  • Data analytics
  • Digital marketing
  • These programs combine mentor-led sessions, hands-on projects and real-world case studies

Partnerships and Collaborations:

  • Partnered with two of the largest banks to establish dedicated Wealth and Sales Academies
  • Initiatives focus on upskilling wealth relationship managers and sales associates using AI Coaches
  • Partnered with S.P. Jain Institute of Management & Research to launch Professional Certificate in FinTech Operations
  • Program focuses on digital banking, payments, KYC/AML, credit operations and compliance

Industry Engagements:

  • Expanded engagements with consumer technology and automotive sectors:
  • Sales capability development for leading global smartphone brand (reaching 11,000 users)
  • Dealership sales effectiveness programs for leading four-wheeler and two-wheeler manufacturers
  • Initiative covering over 1,500 salespeople across a leading four-wheeler OEM's western India dealership network
  • Expanded enterprise learning engagements across building materials, apparel and premium fashion retail:
  • Product knowledge content development for leading tiles and building solutions brand
  • Localization of visual merchandising content into six languages for leading apparel and innerwear brand
  • Negotiation skills development for global luxury fashion brand
  • Expanded presence in electric and new-energy automotive ecosystem through engagements with two industry players
  • Delivered learning solutions and AI-powered digital sales enablement Coaches for electric vehicle sector

Market Momentum:

  • Workshops on Generative AI gained momentum across BFSI organizations
  • Strengthened position as thought leader in enterprise architecture and agentic AI
  • Conducted fourth edition of World Digital Architect Conclave on July 3, 2026, in Bangalore

Performance Drivers and Outlook

Cost Optimization:

  • EBITDA improvement driven by focused cost optimization and simplification initiatives
  • Company continued to invest in sales capacity and new AI offerings despite cost optimization

Management Commentary:

  • Anish Sarkar, CEO: Focus on building upon NIIT's strong learning heritage while capturing demand for AI-led talent transformation across industries in India
  • Vijay K Thadani, Vice Chairman & Managing Director: AI is driving significant push for talent transformation across clients; investments in expanding AI offerings and strengthening go-to-market capabilities are addressing evolving customer needs

Business Structure Overview

NIIT Limited operates through three key businesses:

1. NIIT Digital: Offers industry-relevant learning programs for students and working professionals

2. Enterprise Tech Learning Solutions: Addresses technology skilling, upskilling and reskilling needs of enterprises

3. BFSI & Industry Performance Solutions: Provides specialized learning and talent development solutions for banking, financial services, insurance and other industry sectors

The company's capabilities are strengthened by iamneo, an AI-powered, SaaS-based learning and assessment platform serving universities and enterprises.