Please find earning call transcript for Audited Financial Results of the Company for financial year ended March 31, 2026.
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NIIT Learning Systems reported Q4 FY26 revenue of INR 5,252 million (up 22% YoY) and full year revenue of INR 19,520 million (up 18.1% YoY). EBITDA margin for FY26 was 20.3%, within the guided range. For FY27, management guided for high single-digit revenue growth and EBITDA margin of 18-20%, signaling margin pressure due to SweetRush integration costs and seasonal weakness. The company added 21 new annuity clients during the year, taking total to 110, with revenue visibility improving to USD 459 million. AI-enabled revenue now constitutes approximately 13% of total business. Management attributed Q4 revenue being below expectations to temporary budget pullbacks by two large clients, viewing this as timing-driven rather than structural.
The downward margin guidance for FY27 (18-20%) compared to FY26 actuals (20.3%) suggests near-term profitability pressure from ongoing acquisition integration. The high single-digit growth guidance implies a significant deceleration from 18% growth achieved in FY26, reflecting macro uncertainty and elongated decision cycles.