NIIT Learning Systems Q2 FY27 Results: Consolidated Net Profit ₹37.31 Crore on Total Income of ₹534 Crore
Earnings
Education and training services
Blacklitt Research3 min read
Mailane vanesa, via Wikimedia Commons (CC0). Illustrative image.
NIIT Learning Systems (NSE: NIITMTS) reported consolidated total income of ₹534.42 crore and net profit of ₹37.31 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹160.55 crore and net profit of ₹22.22 crore, it said in a filing on 29 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹534.42 crore, up 10.4% YoY and down 8.1% QoQ
Net profit: ₹37.31 crore, down 20.5% YoY and 35.0% QoQ
EPS: ₹2.70 basic, against ₹3.43 a year earlier
Exceptional items: ₹33.63 crore of legal and professional costs for strategic initiatives
Standalone
The company on its own, without its subsidiaries
Total income: ₹160.55 crore, down 17.4% YoY and 3.6% QoQ
Net profit: ₹22.22 crore, down 61.7% YoY and 21.5% QoQ
EPS: ₹1.61 basic, against ₹4.23 a year earlier
Other income: ₹17.46 crore, down 71.2% from ₹60.61 crore a year earlier
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
534.42
484.04
+10.4%
581.64
-8.1%
Revenue from operations
528.58
475.72
+11.1%
565.08
-6.5%
Other income
5.84
8.33
-29.8%
16.56
-64.7%
37.31
46.96
-20.5%
57.41
-35.0%
Profit before tax
51.01
69.30
-26.4%
78.10
-34.7%
Finance costs
8.59
7.31
+17.6%
8.84
-2.8%
Depreciation
22.42
18.39
+21.9%
21.46
+4.5%
Tax expense
13.70
22.34
-38.7%
20.69
-33.8%
Net profit margin
6.98%
9.70%
-2.72 pp
9.87%
-2.89 pp
EPS, basic (₹)
2.70
3.43
-21.3%
4.17
-35.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit fell more than total income this quarter. Total income rose 10.4% year on year, but net profit fell 20.5%, with profit before tax down 26.4% and tax expense down 38.7% to ₹13.70 crore.
Revenue from operations rose 11.1% to ₹528.58 crore, while other income fell 29.8% to ₹5.84 crore, which is 1.1% of total income. Finance costs of ₹8.59 crore, up 17.6% year on year, are 1.6% of total income.
The notes also say the comparative goodwill was reduced by ₹210.74 million after the provisional goodwill assessment for MST, with a matching increase in other financial assets.
The filing records exceptional items of ₹33.63 crore in the quarter, all legal, professional and other costs towards strategic initiatives, against ₹60.31 million in the year-ago quarter for acquisition-related costs.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
160.55
194.44
-17.4%
166.48
-3.6%
Revenue from operations
143.08
133.82
+6.9%
138.53
+3.3%
Other income
17.46
60.61
-71.2%
27.95
-37.5%
22.22
57.96
-61.7%
28.33
-21.5%
Profit before tax
29.69
63.26
-53.1%
37.68
-21.2%
Finance costs
0.65
0.70
-7.8%
0.59
+10.4%
Depreciation
12.28
10.71
+14.6%
11.42
+7.5%
Tax expense
7.47
5.30
+41.0%
9.35
-20.1%
Net profit margin
13.84%
29.81%
-15.97 pp
17.02%
-3.17 pp
EPS, basic (₹)
1.61
4.23
-61.9%
2.06
-21.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 61.7% year on year, against a 17.4% fall in total income. The year-ago quarter carried other income of ₹60.61 crore, and the current quarter shows ₹17.46 crore, so the year-ago base is high in that line.
Revenue from operations rose 6.9% to ₹143.08 crore. Other income is 10.9% of total income this quarter and 58.8% of profit before tax of ₹29.69 crore.
Tax expense of ₹7.47 crore is 25.2% of profit before tax, up 41.0% from the year-ago quarter. The standalone filing shows no exceptional items for the quarter, against ₹135.28 million in the year-ago quarter.
Consolidated net profit of ₹37.31 crore is ₹15.09 crore higher than standalone net profit of ₹22.22 crore. Consolidated total income of ₹534.42 crore is ₹373.87 crore higher than standalone total income of ₹160.55 crore.
Consolidated net profit fell 20.5% year on year, less than the 61.7% standalone fall, so the two natures moved differently over the year.
Inference
The board approved the results on 29 Oct 2026 with an unmodified limited review opinion from the statutory auditors. The review reports carry emphasis-of-matter paragraphs on the goodwill restatement and the unbilled revenue reclassification, and the opinions are not modified.
The board approved Price Waterhouse Chartered Accountants LLP as statutory auditors for five years, from the 25th AGM in 2027 to the 30th AGM in 2032, subject to shareholder approval. Consolidated dividends paid to parent equity shareholders were ₹44.86 crore in the period, against ₹41.12 crore a year earlier.
Subsequent to the quarter, NIIT (USA), Inc acquired 100% membership interest in Bluewater Learning, LLC for up to USD 17.6 million including an earnout over five years. The filing does not say how the payments will be funded or whether the deal will change consolidated revenue or profit.
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NIITMTSNIIT Learning Systems Ltd. 
