Board has recommended dividend of Rs 1 per equity shares for FY 2025-26
NIITLTD · price
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NIIT Ltd's Board of Directors met on May 14, 2026 and recommended a final dividend of Rs 1 per equity share (face value Rs 2) for FY 2025-26, subject to shareholder approval at the AGM. For the year ended March 2026, consolidated revenue from operations was Rs 3,901.71 million, up 9.1% from Rs 3,575.83 million in the previous year. However, consolidated profit after tax from continuing operations dropped significantly to Rs 59.31 million from Rs 480.16 million in FY 2024-25, largely due to exceptional items including Rs 46.41 million impact from new Labour Codes and Rs 109.54 million in total exceptional items. The company also completed acquisition of 70% stake in iamneo Edutech Private Limited for Rs 608.90 million during the year.
The dividend declaration provides some investor comfort despite a sharp decline in profitability. The recommendation of Rs 1 per share indicates the board's commitment to shareholder returns, though the steep drop in earnings may raise concerns about sustainability if losses continue.