NIIT Learning Systems Q4 FY25 results (Jan–Mar 2025) and concall

NIIT Learning Systems Limited reported a challenging Q4 FY25 with revenue growth of 8% YoY and 3% QoQ, but EBITDA margins compressed to 20% due to volatility in the North American real estate training business, slower new customer ramp-up, and program cancellations. For the full year FY25, revenue grew 6% to INR 16,533 million, while EBITDA remained flat at INR 3,763 million, resulting in a margin of 22.8%. The company provided FY26 guidance of 10%+ constant currency revenue growth and 20-21% margins, acknowledging a "transitioning year" ahead, partly due to the sunset of a significant North A