#India #New Delhi #NIIT MTS #SweetRush #Q3 FY 2026

NIIT Learning Systems Limited Reports Impressive Q3 FY 2026 Results

On January 28, 2026, NIIT Learning Systems Limited, known as NIIT MTS, revealed remarkable results for the third quarter of the financial year 2025-2026, which concluded on December 31, 2025. The company recorded a consolidated net revenue of Rs. 499.7 Crores, marking a 5% increase quarter-over-quarter (QoQ) and an impressive 19% rise year-over-year (YoY). This growth trajectory highlights the company's robust business model, especially in managed training services.

Key Financial Highlights

• - EBITDA: The earnings before interest, taxes, depreciation, and amortization amounted to Rs. 103.8 Crores, contributing to an EBITDA margin of 21%, which is an increase of 46 basis points QoQ.
• - Profit After Tax (PAT): The net profit for the quarter reached Rs. 74.3 Crores, showing substantial growth of 58% QoQ and 20% YoY.
• - Earnings Per Share (EPS): For this quarter, the EPS stood at Rs. 5.42.

The results were officially acknowledged at a Board of Directors meeting on the same day.

Expansion and Client Acquisition

During this quarter, NIIT MTS successfully added four new clients to its managed training services portfolio, which now comprises 107 clients. This growth not only enhances the company’s client base but also solidifies its revenue visibility, projecting up to USD 415 million.

The company also maintained its clientele by renewing four contracts and expanding its existing collaboration with one major client. This reflects NIIT's capability to foster long-term relationships with its clients, ensuring sustained growth.

Strategic Acquisition of SweetRush

As part of its ongoing strategy to enhance its service offerings, NIIT MTS completed the acquisition of SweetRush, Inc. in January 2026. This acquisition merges NIIT's expertise with SweetRush's leading position in AI-enabled custom learning experience design, catering primarily to Fortune 1000 companies, professional associations, and the not-for-profit sector.

The deal, executed through NIIT MTS’ fully owned subsidiary, NIIT (USA), Inc., is valued at up to USD 26 million, which includes potential performance-based earnouts over the following five years. The inclusion of SweetRush into the NIIT family marks a significant milestone, enhancing the service portfolio with award-winning strategic learning interventions vital for various sectors.

Vijay K. Thadani, Co-founder and Vice Chairman of NIIT MTS, expressed his excitement about the results and the acquisition, stating, “Our growth trajectory showcases the efficacy of our AI-enabled business model coupled with the strategic value of our managed training services.” He emphasized that AI-enabled offerings now constitute 11% of their revenue, stressing the importance of innovation and modern training techniques.

Future Outlook

Looking ahead, NIIT MTS is well-positioned to maximize the benefits from its innovative capacities and establish itself as a partner for organizations transitioning towards an AI-ready workforce. CEO Sapnesh Lalla commented on the robust client retention and acquisitions, noting that the company’s commitment to delivering value through pioneering technologies will enable clients to transform their educational and developmental strategies effectively.

Accolades and Recognition

NIIT MTS continues to receive recognition for its excellence in the learning and development sector. Recently, the company earned 64 prestigious Brandon Hall Excellence Technology and Ed Tech awards alongside clients, including 52 gold, 7 silver, and 5 bronze awards. Furthermore, NIIT MTS was recognized as one of the Top 20 IT and Technical Training Companies for the sixteenth consecutive year by Training Industry.

About NIIT Learning Systems Limited

Founded in 1981, NIIT MTS is acclaimed for providing managed learning and strategic consulting services. With a client base spanning over 30 countries, the company is dedicated to addressing complex challenges in skills and workforce transformation. Boasting a high Net Promoter Score of 9.65/10, NIIT MTS is recognized for its significant impact on enhancing learning ecosystems and business value.

For further information on NIIT MTS and its array of services, visit NIIT MTS.