Niit Learning Systems Limited has informed the Exchange about Investor Presentation
NIITMTS · price
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NIIT Learning Systems (NIIT MTS) shared its Q2 FY26 results with analysts ahead of the November 6 investor call. Revenue grew 20% year-on-year to INR 4,757 Mn, helped by the July 2025 acquisition of MST Group, but was only 5% higher sequentially. EBITDA rose just 3% YoY to INR 966 Mn, with operating margin shrinking to 20% from 24% a year ago (down 324 basis points) due to integration costs and operating expense growth. Profit after tax fell 18% YoY to INR 470 Mn, partly because of INR 120 Mn in one-time acquisition and earnout-related charges. The company added 3 new managed training services contracts and 3 renewals, lifting revenue visibility to $409 Mn from $388 Mn last quarter, while AI-enabled work contributed about 10% of revenue.
Top-line growth is healthy and the order book is expanding, but shrinking margins and acquisition-related costs are weighing on bottom-line performance. Shareholders should expect near-term margin pressure as MST is integrated, with improvement dependent on scale benefits kicking in over coming quarters.