NIIT Learning Systems Limited — Investor Meet, 20-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

NIIT Learning Systems reported Q4 revenue of INR429.7 Cr, up 8% YoY but only 3% QoQ, with EBITDA margin at 20%, down 500 bps QoQ due to product mix and ramp delays. FY25 revenue rose 6% to INR1,653.3 Cr, PAT grew 7% to INR227.5 Cr, EPS at INR16.75. A strong INR390 Cr pipeline supports 10%+ growth and 20–21% margins guidance for FY26.

Management highlighted investments in generative AI and XR tech, including a stake in Strivr Labs, along with digital transformation and cost optimization initiatives. Outsourcing costs rose amid cautious ramp-ups; North American real estate training revenue will phase out by mid-FY26. Contract renewals remain strong. FY26 is seen as transitional amid market shifts and AI-driven changes, but confidence in medium-term growth remains solid.