NIIT Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2026, recommended Final Dividend of Re. 1 per equity share.
NIITLTD · price
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NIIT Limited reported a consolidated loss of Rs. 59.31 million for FY2026, a significant decline from the previous year's profit of Rs. 480.16 million. Standalone operations recorded a loss of Rs. 105.02 million compared to profit of Rs. 360.89 million in FY2025. Despite the losses, the Board recommended a final dividend of Rs. 1 per equity share (face value Rs. 2) for FY2026, subject to shareholder approval at the AGM. The company also completed acquisition of 70% stake in iamneo Edutech Private Limited for Rs. 608.90 million and has a pending amalgamation of two subsidiaries with NIIT Limited awaiting NCLT approval.
While the company is recommending a dividend despite reporting losses, shareholders should note the significant decline in profitability and exceptional items including Rs. 109.54 million in costs related to labour code changes, acquisitions, and legal matters. The dividend may provide some support to the stock price, but the underlying business performance remains weak.