NIIT swings to ₹1.8 Cr consolidated net loss as revenue falls 6% YoY, missing guidance

NIIT's consolidated result for the quarter ended September 30, 2026 swung to a net loss — ₹1.84 Cr at the total PAT level (₹2.19 Cr attributable to owners of the parent, EPS -₹0.16) — against a ₹0.65 Cr profit in the year-ago quarter and ₹7.52 Cr in the preceding quarter. Revenue from operations fell 6.4% YoY to ₹98.22 Cr (up 2.7% QoQ from ₹95.65 Cr), missing management's own guidance of double-digit YoY growth for the quarter, given on the Q1 FY27 call. The swing isn't a one-off artifact: adjusting both periods for exceptional items, the company moved from an adjusted profit of ~₹3.21 Cr in Q2 FY26 to an adjusted loss of ~₹1.49 Cr this quarter. On margins, the pre-exceptional, pre-tax result was a loss of ₹0.79 Cr on total income of ₹106.68 Cr — broadly consistent with management's "EBITDA near breakeven" framing — but a ₹0.35 Cr exceptional charge for legacy tax litigation matters, a ₹0.61 Cr tax charge, and a ₹0.09 Cr discontinued-operations loss combined to push the total result into a net loss. NPM compressed to -2.2% from +0.6% YoY and +6.4% QoQ, continuing the negative-OPM pattern seen in the prior two quarters. The standalone entity mirrored this weakness, posting a ₹2.40 Cr net loss on ₹75.42 Cr revenue with EPS of -₹0.18. Revenue growth clearly missed the double-digit YoY target management set at the Q1 call, even as the near-breakeven EBITDA goal was roughly met before exceptional items — an overall miss against guidance. No formal press release accompanied this filing, so the characterisation rests on the BSE result statement and auditor's review report alone. The quarter closes against a backdrop of a CEO transition — Anish Sarkar was appointed CEO on October 14, 2026, replacing the outgoing incumbent — and an ongoing income-tax appeal over a ₹1.72 Cr expenditure disallowance (October 16, 2026), consistent with the "legacy tax litigation matters" exceptional cost still showing up this quarter. No analyst consensus for this specific quarter could be confirmed via search, so the print cannot be benchmarked against Street numbers.