Navneet Education Ltd Share Price – NSE  /  BSE

Printing & Stationery, Small Cap

Net profit of Navneet Education rose 108.23% to Rs 47.81 crore in the quarter ended March 2024 as against Rs 22.96 crore during the previous quarter ended March 2023. Sales rose 6.42% to Rs 435.28 crore in the quarter ended March 2024 as against Rs 409.02 crore during the previous quarter ended March 2023.

For the full year,net profit rose 22.99% to Rs 251.57 crore in the year ended March 2024 as against Rs 204.54 crore during the previous year ended March 2023. Sales rose 3.21% to Rs 1751.27 crore in the year ended March 2024 as against Rs 1696.83 crore during the previous year ended March 2023.

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Navneet Education announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 2.6 per equity Share (i.e. 130%) , subject to the approval of the shareholders.

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Net loss of Navneet Education reported to Rs 17.57 crore in the quarter ended March 2024 as against net profit of Rs 27.54 crore during the previous quarter ended March 2023. Sales rose 6.67% to Rs 385.08 crore in the quarter ended March 2024 as against Rs 360.99 crore during the previous quarter ended March 2023.

For the full year,net profit declined 2.31% to Rs 188.53 crore in the year ended March 2024 as against Rs 192.99 crore during the previous year ended March 2023. Sales rose 3.46% to Rs 1693.10 crore in the year ended March 2024 as against Rs 1636.41 crore during the previous year ended March 2023.

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Navneet Education will hold a meeting of the Board of Directors of the Company on 22 May 2024

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