Please find Investor presentation on the Annual financials results for the financial year ended March 31, 2026
NIITMTS · price
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NIIT Learning Systems reported FY26 revenue of Rs 19,520 million, up 18% YoY, with PAT of Rs 2,477 million (+9%). However, EBITDA margin contracted to 20% from 23% in FY25, a decline of 249 basis points. For Q4FY26, revenue grew 22% to Rs 5,252 million with PAT up 58% to Rs 771 million. The company added 21 new Annuity clients during FY26, taking the total to 110, with revenue visibility at USD 459 million. Acquisitions included SweetRush Inc (SFO-based, Jan 2026) and Munich-based MST Group. The company maintained strong cash position with Rs 9,366 million in cash and net cash of Rs 6,692 million, while ROCE stood at 32.7%.
While top-line growth remains strong at 18%, the 249 bps EBITDA margin contraction over the full year raises concerns about profitability sustainability. Strong cash generation and ROCE provide financial flexibility, but margin pressure may limit near-term re-rating potential.