Navneet Education Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:06 am EST
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Navneet Education Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,587.6 million compared to INR 2,642.7 million a year ago. Revenue was INR 2,618.4 million compared to INR 2,671.7 million a year ago. Net loss was INR 225.3 million compared to net income of INR 306.7 million a year ago. Basic loss per share from continuing operations was INR 1 compared to basic earnings per share from continuing operations of INR 1.36 a year ago. Diluted loss per share from continuing operations was INR 1 compared to diluted earnings per share from continuing operations of INR 1.36 a year ago.
For the nine months, sales was INR 13,159.9 million compared to INR 12,878.1 million a year ago. Revenue was INR 13,248.1 million compared to INR 12,983 million a year ago. Net income was INR 1,579.8 million compared to INR 1,815.8 million a year ago. Basic earnings per share from continuing operations was INR 6.98 compared to INR 8.03 a year ago. Diluted earnings per share from continuing operations was INR 6.98 compared to INR 8.03 a year ago.
Navneet Education Limited is an India-based educational syllabus-based supplementary content provider for the state-board based curriculum and content across print and digital mediums. It offers scholastic paper and scholastic non-paper stationery and publishes general and children books. Its segments include Publishing Content, Stationery Products and Others. Others segment includes generation of power by windmill and other strategic investments in the field of education and others. Its businesses include state board curriculum, non-curriculum, Central Board of Secondary Education (CBSE), stationery, edtech (education technology) and others. It is in the business of publication of syllabus based supplementary books for state board school students in Western India and other non-syllabus-based books for schools across India. Its CBSE business includes Indiannica, Rise, Companion and Grafalco. Its edtech business includes Navneet TopTech, which provides TopSchool, TopClass and TopScorer.