NIIT Learning Systems Limited — Interim / Quarterly Report 2026

Aug 6, 2025

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August 6, 2025

The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

The Manager

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Subject: Presentation to be made to the Analysts and/or Institutional Investors

Scrip Code: BSE - 543952; NSE - NIITMTS

Dear Sir/Madam,

Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the presentation to be made to the Analysts and/or Institutional Investors on the Unaudited Financial Results of the Company for the quarter ended June 30, 2025.

The same shall be available on our website i.e. www.niitmts.com.

This is for your information and records.

Thanking you,

Yours sincerely,

For NIIT Learning Systems Limited

Deepak Digitally signed by Deepak Bansal Bansal Date: 2025.08.06 13:29:23 +05'30' Deepak Bansal Company Secretary & Compliance Officer

Encls.: a/a

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1

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Financial Results
Q1 FY26
August 6, 2025
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Environment

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Economic uncertainty remains elevated. Inflation stabilizing, but potential tariff escalations pose risks of renewed inflationary pressures, prompting sustained caution among corporate customers.

Clients continue prioritizing cost efficiency and productivity. Ongoing scrutiny of discretionary budgets amid macro uncertainty has resulted in sustained compression of training spends.

Persistent cost pressures accelerating outsourcing trends. Strong opportunities exist for NIIT MTS to consolidate wallet share, deepen customer relationships, and accelerate market share expansion. However, cost pressures are leading to restructuring which are likely to lead to delays

AI adoption accelerating across industry. Growing demand for greater efficiency and effectiveness presents significant opportunities for NIIT to leverage AI-driven solutions, driving technology-enabled differentiation.

In times of uncertainty “Cost is King”

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Q1 FY26 : In Perspective

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• Revenue at INR 4,514 Mn; up 11% YoY and up 5% QoQ;

• In CC, Revenue up 8% YoY and up 5% QoQ

• EBITDA at INR 951 Mn, down 7% YoY and up 11% QoQ

• OM at 21%, down 408 bps YoY and up 112 bps QoQ

• PAT at INR 493 Mn up 1% QoQ; EPS of INR 3.62 Vs 3.58 last quarter

• Net Cash at INR 7,704 Mn; higher by INR 668 Mn QoQ

• 2 new MTS contracts added during the quarter; 3 contract renewals

• Number of MTS customers at 95; Revenue Visibility at $ 388 Mn

• Acquired 100% stake in Germany based MST Group in July’25

Sequential improvement in key metrices

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Key Financials

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INR Mn Q1 FY26 Q4 FY25 QoQ Q1 FY25 YoY
Net Revenue 4,514 4,297 5% 4,072 11%
Operating expenses 3,562 3,440 4% 3,048 17%
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EBITDA 951 857 11% 1,024 7%
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EBITDA% 21% 20% 112 bps 25% 408 bps
Depreciation & Amortisation 181 167 8% 140 29%
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Net Other Income/ (Expense) (40) 3 1671% (72) 44%
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Operational PBT 730 693 5% 812 10%
Tax 237 206 15% 212 12%
-
PAT 493 487 1% 600 18%
EPS (INR) 3.6 3.6 1% 4.4 -18%
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• Sequential growth of 5%. EBITDA improvement by 112 bps QoQ; Revenue up 11% YoY

• Net Other Income / (Expense) includes

• Treasury Income of Rs 125 million Higher QoQ because of MTM gains on fixed income investments

• Strategic growth & Acquisition expenses of INR 112 Mn, including

  • ✓ Exceptional expenses of Rs 63 Mn related to acquisition of MST Group

  • ✓ StC related - notional charge in consolidated accounts of Rs. 38 Mn due to fair value adjustments for Future Earnout liability and Rs. 11 Mn towards Interest expense on Loan related to the acquisition

• Other Expense of Rs 47 Mn include CSR expenses of Rs 22 Mn, forex loss of Rs 8 Mn, Interest on Lease Liabilities Rs 8 Mn, Bank Charges of Rs 9 Mn and Misc Income of Rs 2 Mn

• Scheme related expense of Rs 5 Mn pertaining to ESOPs of NIIT Limited held by employees of NLSL at the time of demerger

• Effective Tax Rate (ETR) at 32.5%. Includes impact of in withholding tax (Rs 30 million) on intercompany movement of cash for the acquisition of MST Group and certain notional expenses in consolidated accounts not eligible for tax deduction

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Revenue Mix: By Sector

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Technology & Telecom

Management Consulting & Professional Services Life Sciences & Healthcare Energy & Commodities BFSI

Aviation & Aerospace

Others

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21.2%
23.5% 25.1% 25.6% 27.0%
14.4% 10.4%
10.1%
12.8%
12.9%
13.2%
13.4% 14.1%
13.6%
14.1%
11.2%
11.1% 11.3%
11.0%
10.3%
10.2% 13.6%
13.3%
12.2% 11.3%
9.7%
9.2%
9.1% 8.7% 8.7%
20.0% 18.9% 17.0% 16.1% 15.7%
Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26
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People

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2410
2390
2,358 2356
2,323
Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26
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Headcount down 20 QoQ and up 32 YoY

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* excludes project retainers

Shareholding Pattern

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29.8% 29.1% 26.4% 26.1% 26.0%
17.3% 18.7% 21.5% 21.9% 22.2%
18.3% 17.7% 17.6% 17.6% 17.5%

34.6% 34.5% 34.5% 34.4% 34.4%
Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26
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Promoters FPIs

DIIs

Individuals and Corporates

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*Includes impact of exercise of ESOPs on holding percentages

ATLANTA | BERGEN | DEBRECEN | DUBLIN | GURUGRAM | LEIPZIG | LONDON | MUNICH | ROCHESTER | SHANGHAI | SHEFFIELD | TOULOUSE | VANCOUVER 8

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