Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹790Cr
Rev Gr TTM
Revenue Growth TTM
8.99%
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -26.0 | -33.4 | -13.4 | -8.6 | 23.8 | 31.9 | 11.4 | 15.2 | 16.1 | 2.0 | 15.7 | 3.3 |
| 71 | 70 | 80 | 78 | 74 | 84 | 92 | 91 | 88 | 94 | 106 | 102 |
Operating Profit Operating ProfitCr |
| -17.8 | -12.6 | 1.8 | 8.4 | 0.7 | -1.3 | -1.2 | 7.0 | -1.7 | -11.7 | -1.1 | -0.9 |
Other Income Other IncomeCr | 12 | 15 | 15 | 16 | 18 | 17 | 22 | 17 | 24 | 22 | 11 | 15 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 4 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 8 |
| -3 | 3 | 11 | 18 | 13 | 10 | 15 | 17 | 17 | 5 | 2 | 7 |
| 6 | 1 | 1 | 3 | 1 | 1 | 2 | 3 | 3 | 1 | 2 | 2 |
|
Growth YoY PAT Growth YoY% | -113.8 | 153.3 | 58.8 | -4.0 | 220.5 | 237.4 | 14.4 | -7.2 | 20.3 | -48.9 | -94.7 | -67.3 |
| -15.7 | 3.9 | 13.0 | 17.7 | 15.3 | 9.9 | 13.4 | 14.3 | 15.9 | 5.0 | 0.6 | 4.5 |
| -0.2 | 0.2 | 0.8 | 1.1 | 0.8 | 0.6 | 0.9 | 1.0 | 1.0 | 0.3 | 0.1 | 0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 0.7 | 5.2 | -16.1 | 0.6 | 1.7 | 2.8 | 7.9 | -73.9 | 36.2 | -11.1 | 17.8 | 5.3 |
| 935 | 938 | 788 | 783 | 787 | 808 | 799 | 248 | 345 | 302 | 354 | 390 |
Operating Profit Operating ProfitCr |
| 2.3 | 6.8 | 6.8 | 8.0 | 9.1 | 9.1 | 16.8 | 0.9 | -1.1 | 0.4 | 0.9 | -3.6 |
Other Income Other IncomeCr | -67 | 9 | 74 | 75 | 100 | 1,408 | 85 | 38 | 37 | 64 | 80 | 72 |
Interest Expense Interest ExpenseCr | 14 | 21 | 26 | 19 | 20 | 17 | 6 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 107 | 49 | 46 | 40 | 33 | 60 | 59 | 15 | 16 | 18 | 23 | 27 |
| -166 | 7 | 61 | 84 | 127 | 1,413 | 180 | 23 | 16 | 46 | 59 | 30 |
| 1 | 4 | 18 | 20 | 27 | 56 | 34 | -8 | 5 | 6 | 9 | 7 |
|
| -368.4 | 102.2 | 1,023.5 | 51.3 | 56.1 | 1,266.1 | -89.2 | -78.4 | -65.0 | 259.0 | 24.1 | -53.3 |
| -17.5 | 0.4 | 5.0 | 7.5 | 11.5 | 152.7 | 15.3 | 12.7 | 3.3 | 13.2 | 13.8 | 6.1 |
| -1.9 | 0.9 | 0.6 | 0.8 | 1.9 | 18.8 | 2.3 | 3.8 | 0.1 | 2.9 | 3.4 | 1.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 33 | 33 | 33 | 33 | 33 | 28 | 28 | 27 | 27 | 27 | 27 | 27 |
| 697 | 772 | 643 | 678 | 784 | 1,479 | 1,597 | 1,462 | 946 | 977 | 1,017 | 1,043 |
Current Liabilities Current LiabilitiesCr | 312 | 336 | 469 | 500 | 407 | 430 | 479 | 558 | 130 | 114 | 109 | 141 |
Non Current Liabilities Non Current LiabilitiesCr | 123 | 191 | 233 | 173 | 239 | 86 | 29 | 31 | 10 | 11 | 8 | 38 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 405 | 494 | 527 | 475 | 458 | 1,542 | 1,770 | 1,640 | 809 | 812 | 856 | 815 |
Non Current Assets Non Current AssetsCr | 766 | 847 | 870 | 930 | 1,031 | 497 | 382 | 468 | 331 | 351 | 347 | 434 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 31 | 70 | 111 | 88 | 46 | 51 | 236 | 288 | 2 | 9 | 29 |
Investing Cash Flow Investing Cash FlowCr | -21 | -72 | -42 | -52 | -59 | 744 | -40 | 227 | 27 | 5 | -27 |
Financing Cash Flow Financing Cash FlowCr | -6 | 16 | -43 | -21 | 1 | -809 | -98 | -386 | -34 | -23 | -10 |
|
Free Cash Flow Free Cash FlowCr | -6 | -19 | 49 | 24 | -28 | -14 | 207 | 262 | -19 | -23 | -9 |
| -18.4 | 1,857.5 | 263.0 | 138.3 | 46.0 | 3.7 | 160.7 | 907.5 | 18.7 | 23.1 | 59.2 |
CFO To EBITDA CFO To EBITDA% | 138.1 | 101.6 | 192.4 | 129.7 | 58.0 | 62.2 | 146.4 | 12,645.5 | -57.7 | 772.5 | 906.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 595 | 1,303 | 1,394 | 1,661 | 1,512 | 1,161 | 1,962 | 8,327 | 4,391 | 1,426 | 1,659 |
Price To Earnings Price To Earnings | 0.0 | 19.4 | 34.0 | 26.6 | 17.5 | 0.9 | 13.7 | 36.8 | 1,359.6 | 37.2 | 36.0 |
Price To Sales Price To Sales | 0.6 | 1.3 | 1.6 | 1.9 | 1.8 | 1.3 | 2.0 | 33.2 | 12.9 | 4.7 | 4.6 |
Price To Book Price To Book | 0.8 | 1.6 | 2.1 | 2.3 | 1.9 | 0.8 | 1.2 | 5.6 | 4.5 | 1.4 | 1.6 |
| 28.9 | 20.6 | 24.7 | 24.3 | 19.6 | 12.8 | 9.4 | 3,478.5 | -1,204.6 | 1,115.6 | 497.4 |
Profitability Ratios Profitability Ratios |
| 94.4 | 95.6 | 96.5 | 96.9 | 98.7 | 98.5 | 98.9 | 96.8 | 96.3 | 96.2 | 95.0 |
| 2.3 | 6.8 | 6.8 | 8.0 | 9.1 | 9.1 | 16.8 | 0.9 | -1.1 | 0.4 | 0.9 |
| -17.5 | 0.4 | 5.0 | 7.5 | 11.5 | 152.7 | 15.3 | 12.7 | 3.3 | 13.2 | 13.8 |
| -17.6 | 2.9 | 10.4 | 12.5 | 15.1 | 87.0 | 11.1 | 1.6 | 1.7 | 4.7 | 5.7 |
| -22.9 | 0.5 | 6.2 | 8.9 | 12.2 | 90.1 | 9.0 | 2.1 | 1.1 | 4.0 | 4.7 |
| -14.3 | 0.3 | 3.0 | 4.5 | 6.7 | 66.6 | 6.8 | 1.5 | 1.0 | 3.4 | 4.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
NIIT Limited, established in 1981, is a leading global skills and talent development company focused on bridging the workforce readiness gap in high-growth sectors such as **Technology (IT/ITES)**, **Banking, Financial Services & Insurance (BFSI)**, and **Sales & Service Excellence**. Following a strategic demerger in 2023, NIIT Ltd now operates as a focused **Skills & Careers (SNC)** entity, concentrating exclusively on India and select emerging markets including China, with a mission to become the "Talent Builders to the Nation."
The company serves over **200 active corporate clients**, including Fortune 1000 and Global 500 organizations, and trains both individual learners and working professionals through its diversified business units: **NIIT Digital**, **StackRoute**, **RPS Consulting**, **IFBI**, **TPaaS**, and **Sales & Service Excellence (SSE)**. NIIT has a strong reputation in digital education, recognized globally for its **differentiated deep-skilling methodology**, **propensity for innovation**, and **proven outcomes**.
---
### **Strategic Shift: AI-First Organization**
By FY25, NIIT adopted a full **AI-first strategy**, integrating artificial intelligence—particularly **Generative AI and Agentic AI**—across all facets of its operations, offerings, and go-to-market initiatives. This shift is central to its positioning as a future-ready skilling platform capable of meeting the evolving demands of enterprise digital transformation.
#### **Flagship AI Programs Launched (Nov 2025):**
- **Agentic AI Program (25-week)**:
A hands-on, mentor-led program designed to train professionals in building **autonomous AI systems** for real-world enterprise use. The curriculum includes:
- Python for AI
- Intelligent Conversational Agents
- Retrieval-Augmented Generation (RAG) systems
- Autonomous Multi-Agent Workflows
- Capstone project to build enterprise-grade AI agents
Learners gain expertise in **LangChain, LlamaIndex, LangGraph, CrewAI, Guardrails AI**, and **Microsoft Azure AI tools**, preparing them to design safe, scalable, and outcome-driven AI systems.
- **"Building Agentic AI Systems" Program**:
Targeted at engineers proficient in Python, Java, JavaScript, or .NET, this immersive, project-based course enables participants to develop deployable portfolios with AI applications such as:
- Autonomous financial analysts
- Compliance agents
- AI event planners
The program underscores **responsible AI**, **integration with real-world tools**, and **governance frameworks**, aligning with rising enterprise interest in trustworthy AI deployment.
> *These courses will be available on NIIT's digital platforms starting November 7, 2025, reinforcing India’s position in the global AI talent ecosystem.*
---
### **Key Strategic Developments (2024–2025)**
#### **1. Acquisition of iamneo (April 2025)**
- Acquired a **70% stake** in **iamneo Edutech Private Limited**, an AI-powered SaaS deep-skilling platform based in Coimbatore.
- **Purpose**: Enhance personalized, simulation-driven learning experiences using AI.
- **Platform Capabilities**:
- AI-powered coding assessments
- Role-based learning paths
- Automated content generation
- Hands-on practice environment with real-time AI feedback
- The acquisition adds **6,000+ private engineering colleges** and enterprise clients (GSIs, GCCs) as new distribution channels.
- NIIT plans to acquire the **remaining 30% stake** between FY26 and FY30, contingent on financial milestones.
- Founding team remains to lead innovation.
#### **Synergies & Growth Drivers:**
- Enables **cross-selling** opportunities: NIIT gains access to university channels; iamneo benefits from NIIT’s corporate client base.
- Supports **job-ready outcomes** and aligns with skills-first hiring trends.
- Strengthens reach in **higher education institutions** and **working professionals**.
#### **2. Acquisition of RPS Consulting (FY22–FY24)**
- Completed 100% acquisition of **RPS Consulting**, a leading upskilling provider for experienced IT professionals.
- RPS serves **250+ corporate clients** and delivers 2,000+ programs in emerging tech (Cloud, Cybersecurity, DevOps, AI/ML).
- Partnerships with **37+ OEMs**, including **Microsoft, AWS, Google Cloud, VMware, Red Hat, and ServiceNow**.
- Enhances NIIT’s enterprise training capabilities for **Global System Integrators (GSIs)** and **Global Capability Centers (GCCs)**.
#### **3. Strengthening Leadership & Strategy**
- Appointed **Pankaj Jathar (ex-Amazon India, Accenture)** as CEO in Aug 2025.
- Focus under new leadership:
- Expand digital platforms
- Integrate Generative AI into all learning journeys
- Strengthen brand visibility
- Accelerate growth in **Tier 2 and Tier 3** geographies
---
### **Business Segments & Offerings**
| **Business Unit** | **Focus Area** | **Key Programs & Clients** |
|-------------------|----------------|----------------------------|
| **NIIT Digital** | B2C & corporate skilling | Customizable **gNIIT undergraduate program**, **Full-Stack Development with GenAI Honours**, **Digital Marketing**, **Cybersecurity** |
| **StackRoute** | Enterprise digital transformation | 34-week immersive program in **Full-Stack Development (Java, Python, AI)**; serves Tier 1 IT firms, GICs |
| **RPS Consulting** | Upskilling professionals | Advanced tech training for **working professionals**; OEM partnerships; global delivery |
| **IFBI (Institute of Finance, Banking & Insurance)** | BFSI sector skilling | Programs for freshers and working professionals; empanelled by Public Sector Banks |
| **TPaaS (Talent Pipeline as a Service)** | Talent-on-demand | Deployable talent in **Tech, Marketing, Sales**; supports mid- to long-term workforce needs |
| **Sales & Service Excellence (SSE)** | Organizational capability building | Training for frontline sales and customer service teams; measurable business outcomes |
---
### **Geographic Presence & Market Reach**
- **Domestic Footprint**: Operates in **17+ Indian states** and **UTs**
- **International Presence**: Active in **32 countries**, with exports contributing ~5.3% of total revenue
- **Learner Base (FY25)**:
- **56% in Technology**
- **44% in BFSI and other sectors**
- Serves both **early-career aspirants** and **experienced professionals**
---
### **Market Positioning & Strategic Growth Areas**
NIIT is expanding beyond core IT and BFSI sectors into high-potential verticals:
- **Engineering R&D (ER&D)**
- **Decarbonization / Green Energy**
- **Supply Chain Management**
- **Manufacturing & Design**
- **Electric Vehicles and Industry 4.0**
#### **Target Customer Segments:**
- **Global Capability Centers (GCCs)** – A key growth driver
- **Tier 2 and Tier 3 IT firms**
- **Government and PSUs**
- **Domestic Indian enterprises**
---
### **Innovation & Go-to-Market Investments**
- **Marketing Campaigns**:
Launched **high-impact YouTube and Instagram campaigns** for **gNIIT**, generating **millions of views** and driving significant increases in **website traffic and conversions**.
- **Technology Platform**:
Built a **scalable, AI-powered learning platform** with:
- Personalization engines
- GenAI-driven content creation
- Automated assessments via iamneo
- Immersive simulations and sandbox environments
- **R&D Approach**:
Minimal R&D spend with **point-solution development** strategy to ensure **rapid deployment and client responsiveness**
- **Export Growth Plans**:
Targeting expansion in **China and other emerging markets** to boost international revenues.
---
### **Recent Milestones & Differentiation**
- **AI Integration**: One of the earliest movers in embedding **GenAI and Agentic AI** comprehensively into curricula (since FY25).
- **Industry Recognition**:
- Ranked among **Top 20 Training Outsourcing Companies globally** by Training Industry, Inc.
- Winner of **Dataquest’s Top IT Training Company** award for 20 consecutive years
- **Strong Balance Sheet**: Enables sustained investment in innovation, acquisitions, and digital transformation.
- **Brand Equity**: Over 40 years of trust in EdTech, with renewed focus on **consumer-first design** and **outcome-oriented programs**.