Category: Business

 Navi Mumbai, May 14, 2026

Siemens Energy India Limited Q2 FY2026: Revenue up 27.4% YoY; profit from operations at 19.4%

• Revenue up 27.4% YoY to INR 2,394 crore
• Profit from operations (%) improves by 160 bps YoY to 19.4%
• Profit after tax up 52.4% YoY to INR 375 crore
• Order backlog up 22.2% YoY to INR 18,433 crore

Financial Summary

Particulars (INR crore, unless otherwise stated)	Quarter ended	Half year ended
March 26	March 25	Change (%)	March 26	March 25	Change (%)
Order backlog	18,433	15,080	22.2	18,433	15,080	22.2
Revenue from operations	2,394	1,880	27.4	4,305	3,396	26.8
Profit from operations (EBIT)	464	334	38.9	892	649	37.4
Profit from operations (%)	19.4%	17.8%		20.7%	19.1%
Profit after tax	375	246	52.4	689	478	44.1
EPS (INR per share)	10.52	6.91		19.31	13.42

Profit from operations (%) improved by 160 bps year-on-year to 19.4%, primarily driven by better operating leverage, higher export contributions, and disciplined order execution. Q2 FY2026 profit from operations (excluding forex, commodity gains, and one-time impacts) was 18.9%, up from 17.5% in Q2 FY2025.

Commenting on the Q2 FY2026 results, Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited (SEIL), said: “We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, Siemens Energy India Limited kept its high performance through disciplined execution of its healthy backlog. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities. Our company is fully committed to supporting India’s growth journey with our capacity expansions and talent development.”

  

National Bank for Agriculture and Rural Development (NABARD), New Delhi Regional Office convened the 1st Meeting of the High-Level Committee (HLC) of the Financial Year 2026-27 for monitoring the performance of the Short-Term Cooperative Credit Structure (STCCS) in. The meeting was chaired by Sri Pandurang K Pole, IAS, Secretary (Cooperation), GNCT of Delhi. The meeting was attended by Shri Eda Raja Babu, IAS, Special RCS, GNCTD, Sri Ashok Kumar, General Manager, RBI New Delhi, Sri Nabin Kumar Roy, CGM, NABARD, New Delhi RO and Shri Rajiv Kumar Kadyan, MD (Officiating), Delhi State Cooperative Bank (DStCB) and other Senior Officials from RBI, NABARD.

 

The HLC ensures continuous supervision, regulatory compliance, and improvement of the cooperative banking system in Delhi.

The Committee deliberated upon the financial performance of Delhi State Cooperative Bank Ltd., status of it’s compliance with Statutory and Regulatory provisions, review of status of it’s Internal Checks & Controls, strengthening Grievance Redressal Mechanisms, Governance and HR issues, technology upgradation & financial inclusion.

Chairing the meeting Shri Pandurang K Pole, IAS, Secretary (Cooperation), GNCT of Delhi, opined that Delhi State Cooperative Bank should diversify its activities and work on various digital modules to enhance the banking footprints of the bank. He also advised RCS office to extend adequate support to DStCB and NABARD.

The Committee reaffirmed its dedication to enhancing Delhi’s Rural Cooperative Banking framework by focusing on stronger governance, embracing modern technology, ensuring stricter financial discipline and driving reforms for better customer satisfaction.

 

voco Amritsar appoints Sumit Kumar as Executive Chef A seasoned culinary expert, Sumit Kumar will drive innovation across dining and banqueting experiences

National, 14 May 2026: voco Amritsar has announced the appointment of Sumit Kumar as Executive Chef. In his new role, he will spearhead culinary strategy and operations across the hotel’s restaurants, in-room dining and banqueting spaces. Sumit will also be heading the menu development, kitchen standards, team training and guest dining experiences at voco Amritsar.

Chef Sumit brings over 16 years of international culinary experience, specialising in Italian and Progressive Indian cuisine. Over the course of his career, he has worked with leading hospitality brands including ITC Hotels, Hyatt, Radisson Hotel Group, Marriott International and IHG Hotels & Resorts.

His professional journey has also taken him across international destinations such as Saudi Arabia, Dubai, England and Japan, where he gained valuable exposure to diverse culinary traditions and global dining standards.

Speaking on the appointment, Manish Yadav, General Manager, voco Amritsar, said: “Culinary experiences play a vital role in shaping memorable guest stays, and at voco Amritsar, this remains a key focus. Chef Sumit’s global exposure, creativity, and leadership will further strengthen the hotel’s dining and banqueting offerings. The team is delighted to welcome him on board and looks forward to the innovation and excellence he will bring to the culinary experiences at voco Amritsar.

Commenting on his new role, Chef Sumit Kumar said: “I am excited to join voco Amritsar, a brand known for its warm hospitality and vibrant guest experiences. I look forward to working with the team to craft menus that celebrate seasonal ingredients, refined techniques and global flavours, while creating memorable dining experiences for our guests.”

Sumit is passionate about discovering new ingredients, exploring diverse cuisines, and immersing himself in culinary traditions from around the world. His culinary philosophy is guided by a strong focus on authenticity, craftsmanship, and a deep respect for locally sourced produce. At voco Amritsar, Sumit Kumar will helm the kitchen brigade, curating distinctive dining experiences while bringing voco’s core philosophy of ‘reliably different’ to life through thoughtfully crafted gastronomic offerings.

India’s equity markets staged a sharp recovery in April 2026, supported by resilient domestic inflows, improving earnings expectations and hopes of easing geopolitical tensions in the Middle East, according to Tata Mutual Fund’s latest “Equity View” report for May 2026.

The Nifty 50 climbed 7.46% during April to close at 23,997, while the Sensex gained 6.9%, reversing part of the correction seen earlier this year. The report said bullish sentiment returned as volatility eased and investors priced in a potential stabilization in crude oil prices.

Broader markets outperformed benchmark indices during the month. The Nifty Midcap 150 surged 13.24% in April, while the Nifty Smallcap 250 jumped 17.1%, reflecting renewed risk appetite among investors.

However, the report cautioned that large-cap stocks currently offer better risk-reward opportunities than mid- and small-caps due to more reasonable valuations and stronger earnings visibility.

Domestic Investors Continue to Anchor Markets

Domestic institutional investors (DIIs) remained a major support for Indian equities even as foreign institutional investors (FIIs) continued to pull money out of the market.

FIIs were net sellers to the tune of $5.9 billion in April 2026 amid concerns over rising crude prices, geopolitical tensions and weakness in the rupee. In contrast, DIIs recorded inflows of $5.4 billion during the month, taking total domestic inflows in calendar year 2026 to $32.6 billion.

The report highlighted the growing influence of domestic mutual funds in Indian equities. Mutual funds now own 11.3% of India’s total market capitalization, up sharply from 4.3% a decade ago. Assets under management have climbed to nearly $800 billion, driven largely by strong retail participation and systematic investment plans (SIPs).

Banking, Manufacturing and Pharma Seen as Key Growth Drivers

Tata Mutual Fund expects corporate earnings growth to recover in FY27 after downgrades in FY25 and FY26. The report identified banking, manufacturing, capital goods and pharmaceuticals as sectors likely to benefit from the next phase of growth.

Banks are projected to deliver 15-20% growth in FY27, supported by improving credit demand, benign asset quality trends and recovery in net interest margins after expected bottoming out in FY26.

Credit growth has already shown signs of acceleration. Bank credit expanded to 17.1% in March 2026 as rising government bond yields made bank borrowing cheaper than bond issuances for corporates. The report expects retail lending, infrastructure financing and MSME borrowing to remain key growth drivers going forward.

Meanwhile, capital goods and utilities continued to gain weight in mutual fund portfolios. Allocation to capital goods rose to a 17-month high of 7.8% in April, while utilities climbed to a 19-month high of 3.9%. Technology sector allocation, however, dropped to an eight-year low.

Crude Oil and Geopolitics Remain Key Risks

Despite optimism around domestic growth, the report flagged crude oil prices and global geopolitical developments as the biggest near-term risks for Indian markets.

Brent crude averaged $121.63 per barrel in April 2026 following supply disruptions and infrastructure damage in the Middle East. Global crude supply reportedly fell to 97 million barrels per day in March from 107 million barrels per day in February due to regional conflict.

The report warned that India remains vulnerable to higher oil prices because of its dependence on imports, adding that rising crude and geopolitical uncertainty also contributed to rupee weakness. The Indian currency averaged 93.31 against the U.S. dollar in April and remained among the weakest-performing Asian currencies over the past year.

GDP Outlook Remains Strong

India’s macroeconomic outlook remains resilient despite global uncertainty, the report said. The Reserve Bank of India expects GDP growth of 7.4% in FY26 and 6.9% in FY27, supported by domestic demand, agricultural recovery, construction activity and resilient services growth.

Inflation also remained relatively contained, with consumer price inflation at 3.4% in April 2026, while the RBI kept the repo rate unchanged at 5.25% during its latest monetary policy meeting.

India’s foreign exchange reserves rose to $690.69 billion in April, providing a strong external buffer amid currency volatility and global uncertainty.

Valuations Turn More Reasonable

The report said Indian equities are now trading at more reasonable valuations after recent corrections. The Nifty 50’s one-year forward price-to-earnings multiple stood at around 19.1x, below its 10-year average of approximately 21x.

While India still trades at a premium to other emerging markets, that premium has narrowed considerably. The Nifty 50’s valuation premium over the MSCI Emerging Markets index declined to 60.2% by the end of April 2026 from 77% in March 2025.

The report concluded that a balanced portfolio approach with greater emphasis on large-cap stocks, selective exposure to mid- and small-caps, and a focus on earnings upgrades could help investors navigate a range-bound but improving market environment.

Sangli, Maharashtra, May 14, 2026: Quality Power Electrical Equipments Limited (BSE: 544367; NSE: QPOWER), a leading player in critical energy-transition equipment and power technologies, today announced its audited financial results for the quarter and financial year ended March 31, 2026.

The company reported its highest-ever annual consolidated revenue of ₹10,070 million in FY26, marking a robust 156.9% year-on-year growth. EBITDA for the year stood at ₹2,362 million, up 97.8% YoY, reflecting strong operational momentum across key global markets and emerging energy-transition sectors.

Quality Power closed FY26 with an order book exceeding ₹1,400 crore, equivalent to nearly 1.4x of FY26 revenue, providing strong visibility for FY27 and beyond. The company continued to witness sustained demand across HVDC, FACTS, Battery Energy Storage Systems (BESS), data centres, utilities, renewable energy, industrial infrastructure, and power-quality applications.

For Q4 FY26, consolidated revenue rose 138.5% YoY to ₹3,098 million, while PAT increased 65.7% YoY to ₹506 million. FY26 PAT stood at ₹1,855 million, registering an 85.3% increase over the previous year.

The company noted that Q4 FY26 results included one-time provisions related to the implementation of new Labour Codes across its Indian operations and subsidiaries. Additionally, a non-cash accounting adjustment of approximately ₹25.7 crore was recognised under Ind AS 29 for its Turkish subsidiary Endoks due to hyperinflationary accounting requirements. The company clarified that this adjustment does not impact operational performance or cash flows.

During FY26, Quality Power strengthened its presence across North America, Europe, the Middle East, and Asia-Pacific markets through multiple repeat orders from Tier-1 utilities and EPC customers. The company also accelerated investments in manufacturing integration, advanced testing infrastructure, import substitution, and the development of its upcoming Global Coil Manufacturing Facility in Sangli, aimed at enhancing capabilities in HVDC and FACTS applications.

Commenting on the performance, P.T. Pandyan, Chairman & Managing Director, said:

“FY2026 has been a defining year in the evolution of Quality Power. Over the past several years, our focus has been on systematically transforming the organisation from a traditional high-voltage equipment manufacturer into a globally relevant technology-driven power infrastructure company with deeper engineering capabilities, broader product integration and stronger participation across next-generation grid applications.”

He added that the company remains focused on strengthening advanced engineering capabilities, localisation, vertical integration, and technology development to support the rapidly evolving global power infrastructure landscape driven by renewable integration, AI-led data centres, and grid modernisation initiatives.

Looking ahead, the company remains optimistic about long-term growth opportunities supported by rising global investments in grid modernisation, HVDC interconnections, renewable energy integration, energy storage systems, and AI-driven digital infrastructure.

May 14: IndiGo, India’s preferred airline, today announced a partnership with Single.id to enable IndiGo BluChip members to earn rewards in a simpler, faster way on their everyday spends across brands such as McDonald’s(West and South), Wow! Momo, Snitch, Colorbar, Himalaya and Pizza Hut, amongst many others. 

Through this integration, customers can link their debit or credit cards on the IndiGo Single.id Portal and start earning IndiGo BluChips automatically when they shop across a wide network of high consumption categories like fuel, shopping, dining and many more without coupons, codes, or any extra steps. 

Neetan Chopra, Chief Digital and Information Officer, IndiGo, said: “IndiGo BluChip is designed to be truly ‘easy to earn and easy to redeem’, while continually strengthening IndiGo’s value proposition for our loyal customers. We are pleased to partner with SingleID, a collaboration that further enhances the experience of IndiGo BluChip members by offering them additional opportunities to accelerate rewards and benefits through everyday spending—whether on dining, shopping, fuel or other daily essentials. We are confident that this partnership will create meaningful ways to engage and delight our customers across their everyday spends, making their journey with us more rewarding.” 

“This partnership enables IndiGo BluChip members to unlock more value from their everyday transactions. By powering this with card-linked technology, we are helping create a frictionless and scalable rewards experience that enhances both customer engagement and brand discovery.” said Chandra Bhushan, Country Head, Single.id India. 

After registering the card of their choice, customers will be automatically directed to Single.id’s user‑registration page to complete the reward‑mapping process. Returning users who wish to link additional cards will be taken directly to the card‑linking page, ensuring a seamless and convenient experience. Once a user has linked their card(s), all eligible transactions made at participating merchants will automatically accrue IndiGo BluChips, as per the programme’s terms and conditions.

New Delhi, May 14: India’s small businesses are facing a compounding crisis. While global markets reel from West Asia disruptions and the Prime Minister calls on the nation to practise economic prudence, a structural flaw in the Goods and Services Tax (GST) framework is quietly draining the working capital of millions of small sellers and manufacturers across the country.

The Inverted Duty Structure (IDS) – a condition where the tax rate on inputs is higher than the tax rate on finished goods – is systematically trapping billions of rupees in unrefunded Input Tax Credits (ITC), creating a liquidity crisis that no amount of operational efficiency can overcome. Empower India, a public policy think tank, is urging the GST Council to act at the earliest opportunity to correct this structural distortion.

The Numbers: What the Data Shows

The financial toll is no longer theoretical. Data from multiple independent sources points to a systemic crisis:

• 13% of working capital locked for months: Manufacturers purchasing raw materials at 18% GST and selling finished goods at 5% face a persistent tax gap recoverable only through government refunds – refunds that routinely take months despite the promised 30-day timeline. 

• ₹30 lakh crore MSME credit gap: India’s MSME sector, contributing 30% of GDP and employing over 110 million people, faces an estimated ₹30 lakh crore credit gap, compounded by blocked ITC and delayed refunds. 

• GST 2.0 deepened the problem: The September 2025 rate rationalisation, while simplifying slabs, has intensified inverted duty structures in food processing, FMCG, and pharmaceuticals, creating fresh backlogs of unusable credits. 

• Billions trapped in unrefunded ITC: Across sectors, the IDS forces SMEs to absorb costs or pass them on to consumers, creating a systemic liquidity crisis that undermines competitiveness.

Speaking on this, Mr. K. Giri, Director General, Empower India, said,

“India’s small businesses are the backbone of our economy – and they are being slowly asphyxiated by a tax structure that punishes production. In a world already destabilised by the West Asia crisis, with supply chains under pressure and input costs rising, the burden of trapped ITC is not a bureaucratic inconvenience: it is an existential threat. The Prime Minister himself has asked the nation to be prudent with every rupee. Fixing the Inverted Duty Structure is exactly that kind of prudence – it returns capital to the hands of those who create jobs and drive growth. Every month of inaction is a month stolen from India’s small sellers.”

Where the Inversion is Most Acute

• Food Processing: Finished products taxed at 5%; packaging, cold storage, and logistics services attract 18% GST. The 2025 rate rationalisation has shifted more products to the 5% slab, deepening the inversion.

• E-Commerce Sellers: Over 1.4 million small sellers on marketplace platforms bear 18% GST on platform fees, logistics and packaging, while many product categories (garments, food, handicrafts) are taxed at 5%. The asymmetry is structurally embedded in the e-commerce cost model.

• Renewable Energy: Solar and wind components carry a 5% output rate while steel, glass, and engineering services remain at 18%, directly adding to the cost of India’s energy transition.

• Pharmaceuticals & FMCG: Pharmexcil (May 2026) has warned of reduced manufacturing capacity, supply disruptions, and employment instability following post-GST 2.0 inversions in the sector.

The Structural Flaw

Under Section 54(3) of the CGST Act, ITC refunds are permissible only where inversion is attributable to inputs (goods). Input services and capital goods – which form a growing share of costs in services-intensive industries, particularly e-commerce and food processing – are excluded from the refund scope. This exclusion significantly limits the efficacy of the relief mechanism.

A small seller on an e-commerce marketplace paying 18% GST on platform fees, logistics, and packaging while selling garments or food items at 5% faces a permanent 13-percentage-point cost disadvantage. No amount of operational efficiency bridges this gap.

Empower India’s Recommendations to the GST Council

• Broaden ITC refund scope to include input services and capital goods, not only inputs (goods).

• Redefine ‘Net ITC’ to reflect the full spectrum of input costs, delivering meaningful and complete relief rather than partial mitigation.

• Rationalise GST rates to correct structural inversions deepened by the September 2025 reforms, particularly in food processing, FMCG, and pharmaceuticals.

• Streamline and expedite refunds for MSMEs through automated processing and reduced procedural burdens to improve working capital access.

• Establish an IDS monitoring mechanism to identify and flag emerging inversions before they accumulate into systemic crises.

The Urgency

This is not a policy inconvenience. It is an economic emergency. Every month of inaction means more working capital trapped, more small factories shutting down, more sellers exiting the formal economy. In manufacturing clusters across Punjab, Maharashtra, and Gujarat, small units are forced to halt operations periodically because working capital is tied up in unrefunded ITC claims. 

India cannot build a $5 trillion economy on the backs of broken small businesses. The GST was designed to liberate commerce, not strangle it. The Inverted Duty Structure represents an unfinished reform that demands urgent completion.

Empower India urges the GST Council to take corrective action at its next meeting. The cost of delay is measured not in policy papers – but in shuttered factories and lost livelihoods.

New Delhi, May 14: Chief Minister Yogi Adityanath called upon members of the state Cabinet to use public transport at least one day a week and conveyed the message of developing a new work culture in governance based on austerity, energy conservation, and exemplary public conduct.

He also urged ministers to reduce their vehicle fleets by up to 50 percent. Along with this, the Chief Minister directed all ministers and senior officials of the state government to avoid foreign travel for the next six months except under unavoidable circumstances.

Addressing the first meeting of the expanded Cabinet held after the Cabinet expansion, the Chief Minister issued several important directives aimed at making governance and administration more accountable, disciplined, and resource-sensitive.

He said, “Under the current global circumstances, fuel conservation is not merely an economic necessity but also a national responsibility.”

Referring to Prime Minister Narendra Modi’s appeal to minimize the consumption of petrol and diesel, the Chief Minister said, “The Uttar Pradesh Cabinet should itself set an example.”

The Chief Minister said that ministers should use facilities such as the metro, buses, e-rickshaws, carpooling, or bicycles on a designated day each week so that a positive message reaches society and inspires the public.

Stressing the maximum use of digital and virtual platforms in governance and administrative work, he directed that inter-district meetings, training programs, and meetings of the standing committees of the Legislative Assembly and Legislative Council should, as far as possible, be conducted in hybrid mode.

The Chief Minister directed that air conditioners and lifts in the Secretariat and Directorate offices should be used strictly based on necessity. He instructed that AC temperatures be maintained between 24 and 26 degrees Celsius and emphasized maximizing the use of natural light.

He also stressed promoting public transport, rail travel, and carpooling, along with adopting work-from-home arrangements at least two days a week in institutions employing more than 50 people.

Describing energy conservation and environmental balance as priorities of governance, the Chief Minister directed the wider use of solar energy and the expansion of public awareness campaigns to residential colonies, schools, and colleges. He also emphasized the need for a new policy to promote electric vehicles and encourage clean and energy-efficient transport systems.

The Chief Minister also conveyed the message of austerity and support for the local economy in social events. He said, “Domestic venues should be prioritized for weddings and other ceremonies to curb unnecessary expenditure and promote local employment.”

Stressing the need to implement the spirit of ‘Vocal for Local’ in practice, he said that ministers should use only those items as gifts that are manufactured in Uttar Pradesh.

He added, “Under the ‘One District One Product’ scheme, the state offers a rich range of high-quality local products that should be given preference.”

The Chief Minister directed that PNG connections be prioritized over LPG cylinders and said that the necessary policy changes should be implemented immediately.

He also emphasized the need to connect commercial LPG users with PNG.

Calling for minimal use of imported goods, the Chief Minister stressed the need to promote oilseed production, natural farming, and balanced use of chemical fertilizers. He also called for reducing edible oil consumption and increasing public awareness on the issue.

Alongside this, he appealed for discouraging unnecessary imports of gold and turning rainwater conservation into a mass movement.

At the beginning of the meeting, the Chief Minister formally introduced the new ministers inducted into the Cabinet. He said, “Public representatives carry the highest level of accountability within the system of governance and that people evaluate the work of leaders and ministers every day.”

He remarked that the conduct of a public representative itself becomes the biggest message for the public.

Addressing the newly appointed ministers, the Chief Minister said that they have been entrusted with a major responsibility and that comparatively little time remains before the upcoming Assembly elections. Therefore, all ministers will have to deliver outstanding performance within a limited period.

He advised the new ministers to maintain regular dialogue with senior and experienced ministers to learn and develop an effective working style. He also directed Cabinet ministers to take the views of their junior ministers into consideration on departmental policy matters.

SYDNEY, 14 May 2026 – ENTECH, Australia’s longest-running AV trade roadshow and the only event for AV and entertainment technology professionals that visits every major population centre, is back for 2026. Starting next week it will tour five cities across the country with a packed one-day program of seminars, hands-on demonstrations and its new Tech Train.

 

ENTECH Roadshow to Experience event

The ENTECH Roadshow kicks off in Sydney on Tuesday 19 May followed by Brisbane on Thursday 21 May, Melbourne on Tuesday 26 May, Adelaide on Thursday 28 May and wraps up its Australian tour in Perth on Tuesday 2 June.

A highlight of every city stop, the Tech Train runs three times daily departing at 12pm, 1:30pm and 3pm from the NW Group ENTECH Theatre. Hosted by Keils, the guided floor walk takes attendees through exhibitor stands to see the latest products and technologies in action.

ENTECH CEO Kate McKenzie explained, “The Tech Train is the fastest way to get across what’s new without missing a thing.”

This year ENTECH also introduces two brand-new interactive demo zones, an Audio Demo Zone and a Tech Demo Zone, running back-to-back 15-minute sessions throughout the day.

McKenzie added, “Both zones offer attendees a close-up look at new systems from leading manufacturers, with audio sessions running from 11:30am and Tech sessions from 12:30pm.”

The Keynotes will be in the NW Group Theatre with hot topics at midday including Electrical Compliance to which McKenzie added, “Here our industry will detail the current hot mess of state-by-state regulations, Test and Tag and the dreadful new electrical Certificate of Compliance risk. Australia and New Zealand are the only places on earth that do Test and Tag in such a shambolic manner, and the eCoC is real: ENTECH will meet it at one of our venues.”

Immediately after the keynote, attendees can join Susan Twartz as she seeks to unify the challenging induction regimes, with some solid examples of a unified venue approach. Sessions run all day in the Theatre and like all ENTECH experiences, they are free.

The main event is the trade show itself which features most major distributors across pro audio, lighting, staging and vision for the entertainment and installation markets. With 60 stands the floor is bust and all attractions are contained within the show so it is easy and efficient to navigate, making even the most time poor people happy.

 

ENTECH CEO Kate McKenzie

Kate McKenzie concluded, “Running since 1994, ENTECH is a one-day trade event designed for integrators, AV designers and end-users who want direct access to top suppliers and manufacturers. The compact format keeps things sharp, so exhibitors focus on key and new products only and conversations on the floor are worth having. With 30% of attendees carrying annual budgets of $100K or more, it’s a quality crowd.”

After the Australian ENTECH the roadshow is staged fresh in NZ, opening at the new Auckland International Convention Centre on Tuesday 28 July then rolling Thursday 30 July into Lower Hutt Events Centre in Wellington, and crossing the straight to Te Pae in Christchurch for Tuesday 4 August.

Attendance is free for trade guests.

New Delhi, May 14: NIIT Limited (Ticker Symbol: NIITLTD), a leading skills and talent development corporation, announced its consolidated results for the quarter and financial year ended March 31, 2026.

In Q4 FY’26, the company recorded Net Revenue of Rs. 997 million, up 16% YoY. EBITDA was near breakeven at Rs. (0.2) million.

During the financial year, NIIT recorded consolidated Net Revenue of Rs. 3,902 million. EBITDA was Rs. (40) million. Profit after tax was Rs. 53 million, and EPS stood at Rs. 0.39. 

The results were taken on record at the meeting of the Board of Directors held on May 14, 2026. 

The Board recommended a final dividend of Rupees One per equity share.

In FY’26, NIIT made significant investments to strengthen its enterprise offerings, while broadening its go-to-market strategy across Technology as well as BFSI & Other programs. The company also introduced a slew of new offerings to serve both early-career learners and working professionals. 

Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, said, “FY’26 marked a year of strategic transformation for NIIT, as we strengthened our enterprise portfolio, expanded AI-first offerings, and accelerated the integration of AI across our ecosystem. Even as we continue to invest in long-term capability building and new growth areas, the momentum in enterprise learning and technology programs reinforces the growing demand for outcome-driven skilling solutions.” 

In Q4, the Consumer business which grew 21% YoY and contributed 37% to overall revenue for the quarter. Enterprise business saw steady growth of 13% YoY and contributed the balance 63%.

During the quarter, Technology Programs grew 22% YoY, contributing 70% of total revenue. Revenue from BFSI & Other programs grew 4% YoY, contributing the remaining 30%. Broad basing of customers, focus on upskilling of working professionals, and investments in new product offerings helped the business achieve growth.

Pankaj Jathar, CEO, NIIT Limited, said, “We have delivered structured growth this year, driven by strong momentum across enterprise learning, BFSI, and technology programs. Our expanding partnerships across mobility, energy, and financial services, along with the growing adoption of AI-led skilling, reflect the increasing demand for outcome-driven capability building at scale.” 

The company continued to strengthen its AI-led skilling portfolio during the year through new GenAI programs, enterprise capability-building initiatives, and the acquisition of iamneo, an AI-powered deep-skilling SaaS platform. 

“As AI reshapes the future of work, building practical, scalable, and industry-aligned capabilities will remain central to creating a future-ready workforce,” said Rajendra S Pawar, Chairman and Co-Founder, NIIT Group. 

The 8th edition of the annual customer conference, NIIT Confluence 2026, a flagship platform in the Learning and Development (L&D) landscape, was held in February 2026. The conference brought together a distinguished lineup of industry leaders, learning professionals, and business executives from leading organizations across sectors. The event witnessed participation from 82 delegates representing 60 companies. 

NIIT launched the NIIT India Skills Gap Report 2026 in partnership with YouGov, based on insights from 3,500 respondents across students, professionals, recruiters, CXOs and academia. The report highlighted the growing importance of digital, data, cybersecurity and AI-related skills, alongside the increasing shift towards skills-first hiring, certifications and continuous upskilling.

NIIT also strengthened its AI learning portfolio with the launch of four new GenAI programs: GenAI Spark Program for Students, GenAI Spark Program for Educators, GenAI Applied Program for No-Code Apps and GenAI Applied Program for Practitioners. The programs were designed to help students, educators and professionals build practical AI skills through hands-on learning across areas such as content creation, workflow automation, no-code applications and real-world AI adoption. 

iamneo, an NIIT venture, launched Agent Smith, a unified AI assistant that consolidates intelligence across coding practice, placement automation, and hiring workflows within its edtech and hiring platform. Agent Smith delivers code suggestions, an advanced debugger, and end-to-end platform integration, from early-career learning through placement, to keep developers in flow and reduce context-switching. The company also initiated a Work Integrated Learning Program (WILP) to build scalable, high-quality talent pipeline aligned with industry needs.

Other Highlights 

• During Q4 FY’26, NIIT released two position papers “AI, Work and the Future of Talent in Indian IT” and “The Experience Age Imperative: Composable CRM, Real-Time Orchestration and Governed GenAI in the Flow of Work.” The papers explored how AI is reshaping talent requirements and operating models in the IT industry, while also highlighting the need for more structured and governance-led approaches to AI adoption in customer experience and CRM environments.
• NIIT Ltd partnered with Sporting Club Delhi as Associate Sponsor and Official Skilling Partner for Season 12 of the Indian Super League (ISL).
• NIIT trained 900 POs and 500 clerical recruits for a PSU bank, while IFBI partnered with banks, NBFCs, insurers, and broking firms for training across Wealth Advisory, Gold Loans, Channel Sales, and employee upskilling in sales, compliance, and digital capabilities
• As part of its continued focus on AI-led capability building, NIIT launched the Building Agentic AI Systems program. The program is designed to equip engineers with the skills required to build, deploy, and manage autonomous and agentic AI systems.
• StackRoute, an NIIT venture, hosted the third edition of the Digital Architect Conclave (DAC) 2025, a dedicated platform for digital architects to engage, exchange insights, and explore emerging trends in enterprise architecture. It also hosted BAL&NCE Bengaluru, an invitation-only leadership forum that brought together senior industry leaders to discuss engineering excellence, enterprise transformation, and AI-led capability building.
• StackRoute secured repeat renewals and new wins across consulting, technology, and financial services enterprises, while expanding multi-geo engagements across GenAI, cloud, data, DevOps, and cybersecurity. The business trained over 6,100 learners and enrolled 270 participants in transformation programs, achieving an NPS of 70.
• StackRoute further strengthened its mentor ecosystem across AI, cloud, DevOps, SRE, data engineering, and enterprise architecture through certification-led upskilling across platforms including Azure, AWS, NVIDIA Generative AI, GitHub Copilot, and enterprise architecture.
• RPS Consulting, an NIIT subsidiary, advanced its GenC program through large-scale AI and Copilot initiatives and earned APAC recognitions from VMware by Broadcom and Google Cloud for training and upskilling excellence
• RPS Consulting trained 2,000+ learners across AI and deepened its enterprise AI footprint through large-scale engagements, including programs for a BFSI-focused GCC
• The company partnered with a leading global beverage company to strengthen frontline sales capabilities through structured learning interventions
• NIIT expanded its enterprise portfolio across mobility, energy, and cybersecurity through transformation initiatives with leading automotive, oil & gas, and global technology organizations
• NIIT launched 10 globally benchmarked AI and technology certification programs across AI, cloud, and cybersecurity
• NIIT IFBI also added a new partner campus to expand residential training capacity and accelerate deployment of BFSI talent
• During FY’26, NIIT acquired 70% stake in iamneo, a Coimbatore-based, AI-powered deep-skilling SaaS platform. This acquisition has expanded NIIT’s ability to deliver outcome-oriented skilling solutions at scale across Universities, Global System Integrators (GSIs), and Global Capability Centers (GCCs).