Navneet Education Ltd.

NSE: NAVNETEDUL | BSE: 508989 | ISIN: INE060A01024 | Industry: Publishing
| Strong Performer, Under Radar
139.5500 -2.88 (-2.02%)
NSE May 02, 2025 15:31 PM
Volume: 62,549
 

139.55
-2.02%
ICICI Securities Limited
Navneet reported flattish revenue growth of 0.9% to | 565.2 crore (Idirect estimate: | 618.9 crore). In segment per se, publishing revenue grew 10.1% YoY to | 372.1 crore. Growth in publication segment was moderated as text books of ninth grade in Maharashtra were published late by the education board. Revenues from the stationery segment declined 12.2% YoY to | 191.9 crore on account of destocking of inventory prior to the implementation of GST The EBITDA margin for the quarter declined 250 bps YoY to 28.7% (Idirect estimate: 33%) largely on the back of increase in raw material expenses (up 130 bps YoY) and higher other expenses (up 78 bps YoY). Subsequently, EBITDA de-grew 7.2% YoY to | 162.4 crore (Idirect estimate: | 204.2 crore). EBIT margins for the publication...
Navneet Education Ltd. is trading below its 150 day SMA of 140.0
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