NIITMTS Q2 2026 10:00 UTC Earnings Presentation

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The World’s Leading Managed Learning Services Company Financial Results Q2 FY26 November 5, 2025 1

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Environment In times of uncertainty “Cost is King” 2 Global growth has been resilient but trending down. IMF expects growth to slowdown from 3.3% (2024) to 3.2% (2025) and 3.1% (2026). The U.S. remains comparatively resilient but is cooling; the Fed’s recent cuts and planned QT wind- down modestly ease financial conditions, while tariffs/geo-risks and FX swings keep uncertainty elevated. Clients continue to prioritize cost efficiency, automation, compliance and revenue enablement. Scrutiny of discretionary budgets amid macro uncertainty remains high. Reduction in rate cuts expected to lead to some pickup in consumption. Persistent cost pressures continue to foster opportunities for outsourcing . Strong opportunities exist for NIIT MTS to consolidate wallet share, deepen customer relationships, and accelerate market share expansion. However, uncertainty continues to cause decision delays and shift out of large initiatives. AI adoption moving from pilots to production. NIIT positioned to differentiate via its AI-first offerings that drive faster time to proficiency and predictable improvement in outcomes at scale.

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Q2 FY26 : In Perspective • NLSL acquired of 100% stake in MST group in July’25 • Revenue at INR 4,757 Mn; up 20% YoY and up 5% QoQ; In CC, Revenue up 15% YoY and up 3% QoQ • EBITDA at INR 966 Mn, up 3% YoY and up 2% QoQ; OM at 20%, down 324 bps YoY and down 76 bps QoQ • PAT at INR 470 Mn; EPS of INR 3.43 Vs 3.62 last quarter • Net Cash at INR 5,917 Mn; lower by INR 1,787 Mn QoQ on account of acquisition payment • 3 new MTS contracts added during the quarter • 3 contract renewals • 1 contract expansion • MTS client tally at 104 (including 7 from MST); Revenue Visibility at $ 409 Mn compared to $ 388 Mn LQ • AI-enabled revenue grew to about 10% of revenue in Q2 3

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Key Financials • Net Other Income / (Expense) includes o Treasury Income lower QoQ because of mark-to-market (MTM) o Strategic growth & Acquisition expenses of Rs. 120 Mn includes ▪ MST acquisition related transaction cost of Rs 60 Mn ▪ StC related - notional charge of Rs. 41 Mn due to fair value adjustments for Future Earnout Liability, and ▪ Rs. 19 Mn towards Interest expense on Loans related to acquisitions o Other Expense of Rs 41 Mn include forex loss of Rs 27 Mn, Interest charge on Lease Liabilities Rs 10 Mn, Bank Charges of Rs 7 Mn and other misc. expense of Rs. 7 Mn offset by Other Income of Rs. 9 Mn • Effective Tax Rate (ETR) at 32.2% Vs 32.5% in LQ. Higher due to tax on intercompany movement of cash 4 INR Mn Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY Net Revenue 4,757 4,514 5% 3,974 20% Operating expenses 3,791 3,562 6% 3,039 25% EBITDA 966 951 2% 936 3% EBITDA% 20% 21% (76) Bps 24% (324) Bps Depreciation & Amortisation 184 181 2% 153 20% Net Other Income/ (Expense) (89) (40) (125)% (38) (136)% Operational PBT 693 730 (5)% 745 (7)% Tax 223 237 (6)% 175 28% PAT 470 493 (5)% 570 (18)% EPS (INR) 3.4 3.6 (5)% 4.2 (18)%

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Revenue Mix: By Sector 5 Others BFSI Life Sciences And Healthcare Aviation & Aerospace Energy & Commodities Technology & Telecom 23.5% 25.1% 25.6% 27.0% 30.0% 11.2% 11.3% 11.0% 10.3% 11.2%9.2% 9.1% 8.7% 8.7% 9.5% 13.2% 14.1% 13.6% 14.1% 14.2% 13.6% 13.3% 12.2% 11.3% 12.0% 18.9% 17.0% 16.1% 15.7% 13.6% 10.4% 10.1% 12.8% 12.9% 9.5% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Management Consulting & Professional Services

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People 6 * excludes project retainers • NLSL acquired MST group in Q2FY26. MST group has 84 employees as at Qtr end • Headcount up 81 QoQ and up 148 YoY 2,323 2356 2410 2390 2471 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26

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34.5% 34.5% 34.4% 34.4% 34.2% 17.7% 17.6% 17.6% 17.5% 17.4% 18.7% 21.5% 21.9% 22.2% 23.7% 29.1% 26.4% 26.1% 26.0% 24.6% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Promoters FPIs DIIs Individuals and Corporates Shareholding Pattern 7 * *Includes impact of exercise of ESOPs on holding percentages

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Slides