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Earnings Call Transcript

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.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth₹982 million, down 6% YoY, up 3% QoQ.
MarginsEBITDA margin improved to 2.7% via cost cuts.
Order bookQ2 fresh order intake at ₹1,301 million.
Demand visibilityMuted visibility in GSIs; strong demand in banking (BIPS).
Management confidenceCautiously optimistic; focusing on cost optimization and AI transitions.

Growth

Revenue of ₹98.2 Cr grew 3% QoQ but organic tech training saw a ₹10 Cr GSI consumption hit.

Outlook

Management expects broadly flat revenue for the rest of FY27 with low single-digit EBITDA margins.

Risks

GSI volume pressure likely for 2+ quarters; high client concentration in tech training segment remains a structural threat.

Last quarter's promises, checked

Delivered

  • Capex to moderate from Q1 ₹66M → ₹44M this quarter (= BEAT)
  • Q2 near-breakeven EBITDA → 2.7% margin (= BEAT)

Missed

  • Q2 double-digit YoY revenue growth → revenue -6% YoY (= MISS)
  • FY27 revenue growth stronger than FY26 → guided +0% YoY (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: NIITLTD. Summary written with AI assistance from the document.

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NIIT Ltd: key numbers

Share price
₹69.52
Market cap
₹952.4 Cr
Revenue (annual)
₹390.2 Cr
Net profit (annual)
₹5.28 Cr
P/E (TTM)
175.4×Sector 22.9×
Promoter holding
41.78%+0.91% QoQ
FII holding
8.10%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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