NIIT Ltd.Q2 revenue ₹982 Mn (-6%) on GSI pullback, EBITDA 2.7%, new CEO

NIIT Limited's Q2 FY27 call, held on 27 October 2026, reported revenue of ₹982 million, down 6% on the year and up 3% on the quarter, below the projections management had shared.

Four large GSI clients cut consumption by as much as ₹100 million on the year, pulling enterprise revenue down 11%, while enterprise BFSI and industry programs reached an all-time high of ₹200 million, up 17%. EBITDA was ₹27 million, a 2.7% margin and ahead of breakeven guidance, as operating expenses fell 8%, but treasury income dropped to ₹41 million from ₹175 million and the company posted a net loss of ₹22 million.

AI-led revenue rose to 12.4% from 9%, order intake was ₹1,301 million with 10 new logos, and cash stood at ₹6,889 million. Anish Sarkar took over as CEO this month and will review portfolio, go-to-market and costs. Management assumes broadly flat revenue for the rest of the year with a low single-digit EBITDA margin, expects GSI volumes to stay under pressure for two quarters, and will revisit the outlook next quarter.