NIIT posts Rs 1.84 cr loss as depreciation overwhelms operating profit
Other income could not offset Rs 10.34 cr of depreciation, leaving operating margin 11.02 percentage points below the 59-peer sector median.
Filed 27 Oct 2026, 16:29 IST · after market close · NIIT Ltd (NIITLTD)
Key takeaways
- NIIT Ltd reported a consolidated net loss of Rs 1.84 cr despite Rs 8.12 cr of other income.
- Depreciation of Rs 10.34 cr reduced a Rs 1.30 cr operating profit to a loss before tax of Rs 1.14 cr.
- Order intake rose 36% quarter on quarter to Rs 1,301 million, while BFSI and other programmes grew 16% to Rs 321 million.
Price around the results
Depreciation turned thin operating profit into a loss
Consolidated revenue of Rs 98.22 cr generated only Rs 1.30 cr of operating profit, leaving limited cover for depreciation of Rs 10.34 cr. That depreciation charge pushed profit before tax to a loss of Rs 1.14 cr, even after Rs 8.12 cr of other income. A tax charge of Rs 0.61 cr further deepened the net loss to Rs 1.84 cr.
Operating margin trails the Consumer Discretionary peer set
NIIT's operating margin of 1.33% was 11.02 percentage points below the 12.35% median for the 59 Consumer Discretionary peers that have reported. The company ranked ninth from the bottom, indicating that the quarter's earnings pressure was material relative to the reported sector group.
BFSI programmes and order intake provided operating support
The presentation said BFSI and other programmes grew 16% quarter on quarter and 11% year on year to Rs 321 million. It also reported order intake of Rs 1,301 million, up 36% quarter on quarter but down 11% year on year. Management said NIIT is pursuing GTM expansion, while also noting that treasury income was significantly affected by the market-to-market impact of higher interest rates during the quarter.
The after-close filing leaves the stock reaction unassessed
NIIT filed the consolidated results at 16:29 IST after market close. The stock's response and its comparison with the company's historical post-results moves are therefore not assessed here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹98 cr |
| Other income | ₹8 cr |
| Expenses | ₹97 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 1.33% |
| Interest | ₹0 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹1 cr |
| Net profit | ₹-2 cr |
| EPS (₹) | ₹-0.16 |
Operating margin of 1.33% compares with a Consumer Discretionary sector median of 12.35% across 59 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -8.42% | -8.19% |
| Next session | -7.65% | — |
Volume on the results session was 6.34× its 20-day average.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- BFSI and other programmes grew 16% quarter on quarter and 11% year on year to INR 321 million.
Expansion
- NIIT is pursuing GTM expansion.
New orders
- Order intake was INR 1,301 million, up 36% quarter on quarter and down 11% year on year.
Problems & risks
- Treasury income was significantly impacted by the market-to-market effect of higher interest rates during the quarter.
What to watch
- Whether operating margin improves from 1.33% after depreciation reduced operating profit to Rs 1.30 cr.
- Whether BFSI and other programme revenue sustains the Rs 321 million level after 16% quarter-on-quarter growth.
- Whether order intake remains above Rs 1,301 million after its 36% quarter-on-quarter increase and 11% year-on-year decline.