Navneet Education Ltd Share Price – NSE /  BSE

Printing & Stationery, Small Cap

Revenue from operations stood at Rs 797.81 in Q1 FY25, up 20% as compared with Rs 791.45 crore in Q1 FY24.

Profit before exceptional items and tax stood at Rs 206.18 crore, steeply higher than Rs 58.47 crore in the same quarter last year. Exceptional item stood at Rs 660.52 crore in Q1 FY25.

Revenue from publishing content stood at Rs 420.36 crore (down 2.89% YoY) while Stationery products was at Rs 375.16 crore (up 4.85% YoY).

Navneet Education (NEL) is one of the largest educational syllabus-based supplementary content provider for the state-board based curriculum and quality content across print and digital mediums.

The counter hit 52 week high at Rs 179.05 in intraday today.

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Net profit of Navneet Education rose 384.18% to Rs 701.68 crore in the quarter ended June 2024 as against Rs 144.92 crore during the previous quarter ended June 2023. Sales rose 0.80% to Rs 797.81 crore in the quarter ended June 2024 as against Rs 791.45 crore during the previous quarter ended June 2023.

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Navneet Education will hold a meeting of the Board of Directors of the Company on 12 August 2024.

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The buyback price is fixed at Rs 200, representing a 23.53% premium to Wednesday’s closing price of Rs 161.90 on the BSE.

The company will buyback up to 50 lakh equity shares, representing 7.82% and 7.68% of the fully paid- up equity share capital and free reserves, as per the audited standalone and consolidated balance sheet, respectively of the company as on 31st March, 2024.

The company has fixed 13 August 2024 as record date for the purpose of determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

Navneet Education (NEL) is one of the largest educational syllabus-based supplementary content provider for the state-board based curriculum and quality content across print and digital mediums

The consolidated net profit fell 5.8% to Rs 144.16 crore despite of 14.1% jump in net sales to Rs 791.45 in Q1 FY24 over Q1 FY23.

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