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 engaged in manufacturing and trading of education books, reference books, technical and professional books in paper form and e-learning form. It also manufactures paper and non-paper-based stationery products. Its segments include Publication, Stationery, Edtech and Others. It offers a comprehensive set of educational materials through its publications and on its EdTech platforms. Its Edtech platforms include TopSchool, TopScorer, TopClass and BeMasterly. Its product lineup encompasses various segments, catering to students studying on state boards, Central Board of Secondary Education (CBSE), and Indian Certificate of Secondary Education (ICSE). The Publishing segment consists of supplementary books such as workbooks, guides, and question banks based on the prescribed syllabus by state education boards under the Vikas and Gala brands. Its Stationery segment consists of paper-based and non-paper-based stationery under the Navneet and Youva brands.