Export enquiries are strong and schools have opened in most states. & stationary sales. With schools having started to re-open gradually, we anticipate a normal sales season for FY23. As last academic cycle was disrupted because of COVID, usage of 2nd hand books can be lower which can act as additional growth lever. Given proliferation in online learning, NELI has intensified its focus on EdTech. Apart from investing Rs750mn in SFA, a...