NIIT Q1 profit dips 44 pc to Rs 4.3 cr; revenue rises 2 pc to Rs 84.1 cr

NIIT Q1 revenue dips 44 laptop to Rs 4.3 cr; income rises 2 laptop to Rs 84.1 cr

Skills and expertise growth agency NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated internet revenue to Rs 4.37 crore within the April-June quarter attributable to headwinds from a turbulent atmosphere within the technology and BFSI sectors.

It had reported a revenue (attributable to house owners of the mum or dad firm) of Rs 7.75 crore within the year-ago interval, according to a regulatory submitting.

The firm’s income from operations rose barely to Rs 84.11 crore in Q1 FY26, from Rs 82.47 crore in Q1 FY25.

Seen sequentially, revenue and income fell by 66.7 per cent and a pair of.5 per cent, respectively.

Enterprise enterprise grew 7 per cent year-on-year and contributed 68 per cent to total income. Revenue from Technology applications was up 7 per cent year-on-year, while income from BFSI & other applications was down 9 per cent year-on-year.
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The sharp decline in BFSI (Banking, Financial Services & Insurance) hiring mirrored in diminished share of BFSI & other applications, and also contributed to the decline in share of Consumer enterprise, the corporate said. “TCS, Infosys, Wipro, and HCL Tech lower 42K+ jobs in two years, including TCS‘s 12K layoff; WorkPro section in ITeS hit hardest as shoppers keep cautious amid commerce tensions and tech spend slowdown. “Banking Q1 was robust (Axis, Kotak, HDFC, SBI,ICICI) with margin pressures and muted hiring amid decrease attrition; weak point spilled over to insurance coverage (slower premium development) and NBFCs (retail/private mortgage moderation),” the company said.

The company’s order intake during the quarter under review was Rs 106.5 crore, representing a 37 per cent year-on-year growth.

During the quarter, NIIT Limited acquired a 70 per cent stake in Coimbatore-based AI-powered deep-skilling SaaS platform iamneo for around Rs 61.3 crore, with the remaining 30 per cent to be purchased in phases from its promoters upon achieving agreed financial milestones.

“In the current unstable atmosphere, the corporate stayed the course on its investments in AI-powered learner-centric outcome-based training. The strategic funding in iamneo considerably enhances {our capability} to ship impactful digital transformation curricula at scale,” Vijay Okay Thadani, Vice Chairman & Managing Director, NIIT Limited, said.

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