NIIT Learning Systems Limited announced its unaudited financial results for the quarter ended December 31, 2025. The company reported a significant year-on-year growth in revenue, which stood at ₹4,997 million (₹499.7 crore), marking a 19% increase from the same period last year and a 5% increase quarter-on-quarter. EBITDA for the quarter was ₹1,038 million (₹103.8 crore), up 10% year-on-year and 7% quarter-on-quarter. The EBITDA margin was 21%, a slight decrease of 180 basis points year-on-year but an improvement of 46 basis points quarter-on-quarter. Profit After Tax (PAT) saw a substantial increase of 20% year-on-year, reaching ₹743 million (₹74.3 crore). Earnings Per Share (EPS) was ₹5.4, compared to ₹3.4 in the previous quarter. The reported PAT includes a net exceptional gain of ₹104 million (₹10.4 crore), which comprises a fair value adjustment in Future Acquisition Liability for StC of ₹298 million (₹29.8 crore), a one-time provision of ₹135 million (₹13.5 crore) due to the new Wage Code, and transaction expenses of ₹54 million (₹5.4 crore). The company's net cash position strengthened to ₹6,927 million (₹692.7 crore), an increase of ₹1,010 million (₹101 crore) from the previous quarter. During the quarter, NIIT Learning Systems added four new Managed Training Services (MTS) contracts, along with four contract renewals and one contract expansion. The number of MTS customers reached 107, with revenue visibility at USD 415 million. AI-enabled offerings contributed approximately 11% to the total revenue. The company also announced the acquisition of San Francisco-based SweetRush, Inc. in January 2026, a company specializing in human-centered, AI-enabled custom learning experience design and strategic training interventions. Institutional holding, comprising Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs), reached an all-time high of 41.4%. Domestic Institutional Investors have notably increased their holdings by 274 basis points year-on-year.
