NIIT Ltd

Overview

• Main activity: education and training; 100% turnover from Other Education Delivery.
• Reporting boundary: NIIT Limited and Indian subsidiaries (consolidated).
• FY period: 1 Apr 2025 to 31 Mar 2026; listed on BSE/NSE.
• Geography: operations in 15 states + 1 union territory; 29 countries; exports 6.22% of turnover.
• Workforce: total 1,081; 912 permanent; 169 non-permanent; 66% male, 34% female.

Key ESG Risks & Opportunities

• Climate change offers online, hybrid training and AI-enabled solution opportunities.
• Data privacy/cybersecurity risk mitigated by ISO 27001:2022, MFA, DLP, VAPT, XDR.
• AI: GenAI content risks; opportunities from AI-enabled products and PoCs.
• Talent attraction/development as opportunity; wellness initiatives and engagement tools.
• Robust supplier ESG criteria; 5.99% ESG-compliant suppliers; 17.41% MSMEs.

Governance & Policy Highlights

• CSR Committee oversees sustainability; board approves ESG policies and reviews performance.
• Policies include Code of Conduct, Grievance Redressal, Whistleblower, Privacy; ISO 9001:2015; ISO27001:2022.
• Independent policy reviews by S.R. Batliboi & Associates, PI & Associates, Intertek.

Social Responsibility & Workforce

• Total employees 1,081; 912 permanent; 169 non-permanent; male 718, female 363.
• Board female representation 20%; Key Management 25% female.
• Permanent turnover 31% FY26; 30% FY25; 42% FY24.
• Well-being: wellness portal with 50% employee participation; annual medical checks; insurance coverage.
• Grievance mechanism: multi-tier process; Grievance Cell emails; CPO email; anonymous feedback.
• CSR programs: aspirational districts addressing skill development; 7 states; about 7,460 beneficiaries.

Environmental Performance

• Total energy 4,759.22 GJ; renewables 294.27 GJ; non-renewables 4,464.95 GJ; renewables ~6%.
• Scope1 132.69 tCO2e; Scope2 815.61 tCO2e; Scope3 1,071.74 tCO2e.
• Scope1+2 intensity 0.00000024 tCO2e per rupee; PPP-adjusted intensity 4.94.
• Water: 12,805 KL third-party water; STP 25 KLD; zero liquid discharge; 1,860 KL saved.
• Plastic waste 0.092 t; total waste 17.94 t; 14.87 t recycled; no incineration/landfill.
• Certifications: ISO 9001:2015; ISO 27001:2022.

Stakeholder Engagement & Complaints

• Stakeholders: employees, shareholders, communities, customers, value chain partners; engagement via surveys, townhalls.
• Shareholders filed 2 complaints FY26; 0 pending; NIL in FY25.
• Customers: 23 data privacy requests FY26; 0 outstanding; data privacy policy on NIIT site.
• Data breach: 1 incident FY26; no PII impact; corrective actions completed.
• Grievance channels: Grievance Cell, CPO, anonymous portal; NIIT Foundation community programs.

Other Notable Metrics

• Affiliations: seven industry chambers; includes NASSCOM, CII, TSIA, FICCI, PHDCCI.
• Procurement: 5.99% from ESG-compliant suppliers; 17.41% MSMEs; no preferential procurement policy.
• CSR: NIIT Foundation projects support aspirational districts; 7 states, 7,460 beneficiaries.
• Data privacy: DSR portal; data protection policy publicly available; cloud migration reduces footprint.
• Green credits: NIL; no manufacturing footprint; life-cycle assessments not disclosed.

AGM Details

• Date/time: 9 Sep 2026, 10:00 IST; mode: VC/OAVM.
• Cut-off date for voting: 2 Sep 2026.
• Remote e-voting window: 4–8 Sep 2026.
• Dividend record date: 20 Aug 2026.

Key Resolutions

• Adopt Audited Standalone and Consolidated Financial Statements for FY 2025-26.
• Dividend on equity shares for FY 2025-26 proposed.

Director Changes

• Re-appoint Ravindra B Garikipati as Independent Director for second term.
• Re-appoint Udai Singh Pawar as director (retiring by rotation).

Auditor Appointments

• Ratify remuneration of Cost Auditor for FY 2025-26.

Material Related Party Transactions

• No material related party transactions approved; RPTs are ordinary and at arm's length.

Cessation of SMSP

• Mr. Udai Singh ceased to be Senior Management Personnel; tenure completed, effective July 31, 2026.

Financial Performance

• Revenue in Q1 FY27: INR 957 million, up 14% YoY.
• Enterprise revenue INR 618 million, up 8% YoY.
• Enterprise tech training revenue INR 498 million, up 16% YoY.
• Consumer revenue INR 339 million, up 27% YoY.
• Consumer tech revenue INR 182 million, up 15% YoY.
• Technology revenue INR 680 million, up 16% YoY.
• BFSI and other programs revenue INR 277 million, up 9% YoY.
• Order intake INR 953 million.
• EBITDA negative INR 14 million; improved from negative INR 63 million YoY.
• PAT INR 81 million; EPS INR 0.60; up 85% and 84% YoY.
• Depreciation INR 96 million; net other income INR 180 million (treasury INR 175m).
• Net finance cost INR 3 million; exceptional expenses INR 15 million (legacy tax matter, amalgamation).
• Cash and cash equivalents INR 7,231 million; Capex INR 66 million; DSO 53 days.
• End-Q1 headcount 866; down 65 QoQ; down 19 YoY.
• Capex cycle past peak; expected moderation going forward.

Operational Update

• AI programs revenue grew to 9% of total revenue.
• RPS Consulting and IFBI merged into NIIT; new enterprise tech learning solutions formed.
• StackRoute and RPS integrated; teams consolidated under NIIT.
• BFSI and industry performance solutions performed well this quarter.
• iamneo university focus expanded; AI-centric offerings launched.
• Onboarding recovery signs in BFSI; broader client base beyond top banks.
• AI opportunities across GSIs and GCCs; AI-augmented teams reduce size by 40%–70%.
• Outcome-based learning emphasized; track outcomes and use Hackathons as assessment.
• Go-to-market integration improves efficiency and market presence.

Balance Sheet and Cash Flow

• Cash and cash equivalents INR 7,231 million.
• Capex for the quarter INR 66 million.
• DSO 53 days.
• End-Q1 headcount 866; down 65 QoQ; down 19 YoY.
• Merger-related exceptional expenses INR 15 million.

Guidance and Outlook

• Q2 FY27 guidance: double-digit revenue growth YoY.
• Q2 FY27 EBITDA near breakeven; margins improve in H2.
• FY27: stronger revenue growth, improving margins, continued order intake momentum vs FY26.
• Medium-to-long term: AI and skilling opportunities remain substantial; inorganic options considered.

Q&A Highlights

• AI-led training has higher realization but smaller batch sizes than traditional training.
• Consumer growth driven by working professionals; early-career share rising but hiring muted.
• StackRoute and TPaaS integration strengthens enterprise tech growth; BFSI solutions robust.
• iamneo expanding university partnerships; AI-centric offerings targeting top institutions.
• Macro uncertainty persists; AI-driven opportunities persist; exploring new segments and inorganic growth.

Meeting Details

• Date: July 28, 2026; time 9:00 AM–5:00 PM.
• Meeting type: Non-Deal Roadshow; in-person group meetings in Mumbai.
• Company participant: Chief Executive Officer.
• Purpose: investor/analyst interaction during the roadshow.
• Presentation for the meeting will be available on NIIT website.