NIIT Q3 PAT Plunges 70.5% to Rs 3.9 Cr Amid Labour Code Costs; Revenue Up 3.3%

• NIIT reported a significant 70.5% decline in consolidated Profit After Tax (PAT) to Rs 3.9 crore in Q3 FY26.
• The sharp fall in PAT is primarily attributed to exceptional costs of Rs 4.64 crore incurred for implementing new Labour Codes.
• Despite the profit drop, revenue from operations for NIIT increased by 3.3% year-on-year, reaching Rs 101.36 crore.
• Technology programmes were a key growth driver, expanding 20% year-on-year and contributing 76% to total revenue.
• NIIT Vice Chairman Vijay K Thadani noted stable YoY revenue performance despite cautious demand and longer enterprise decision cycles.

Why It Matters: NIIT's Q3 PAT fell sharply due to Labour Code implementation costs, though revenue saw a modest increase.