Please find transcript of Investor/analysts call

NIIT Limited reported FY26 revenue of INR 3,902 million (9% YoY growth), exceeding its 7-8% guidance. The company achieved PAT of INR 53 million despite EBITDA being negative INR 40 million (approximately -1% margin), which was within guided range. Order intake grew 17% to INR 4,209 million, surpassing full year revenue and providing positive book-to-bill entering FY27. Iamneo contributed INR 413 million in its first full year. The company pivoted toward working professionals and AI skilling, with AI programs now representing 8% of Q4 revenue. Management guided for Q1 FY27 with double-digit revenue growth and breakeven to low single-digit negative EBITDA, expecting stronger revenue growth and improving margins for full FY27. The investment cycle peak on platform capex has passed, and the company continues to evaluate inorganic opportunities.