** NIIT Learning Systems NIIL.NS tumbles more than 12% to 239.40 rupees, hitting record low on track for worst day ever
** Corporate training firm strikes cautious tone for FY27; Dolat Cap and AMSEC says guidance reflects a combination of elongated deal cycles, reduced confidence on budget ramp-ups
** Both brokerages cut earnings forecasts by 8–10% over next two years
** NIIL Q4 revenue from key tech, telecom verticals falls sharply QoQ as clients pulled back training budgets amid macroeconomic uncertainty
** 22% YoY Q4 PAT growth from one-off acquisition gains
** Analysts note Q4 missed on core metrics as large clients delayed/cut year-end spending
** YTD, stock down 40%
(Reporting by Pranav Kashyap in Bengaluru)
((pranav.kashyap@tr.com; +919886482111;))