Navneet Education Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 10, 2022 at 03:44 am EST
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Navneet Education Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 3,298 million compared to INR 2,311.7 million a year ago. Revenue was INR 3,331.6 million compared to INR 2,392 million a year ago. Net loss was INR 22 million compared to net income of INR 55.8 million a year ago. Basic loss per share from continuing operations was INR 0.06 compared to basic earnings per share from continuing operations of INR 0.24 a year ago. Diluted loss per share from continuing operations was INR 0.06 compared to diluted earnings per share from continuing operations of INR 0.24 a year ago.
For the six months, sales was INR 10,235.4 million compared to INR 5,590.2 million a year ago. Revenue was INR 10,311.3 million compared to INR 5,737.6 million a year ago. Net income was INR 1,371.5 million compared to INR 376.4 million a year ago. Basic earnings per share from continuing operations was INR 6.06 compared to INR 1.65 a year ago. Diluted earnings per share from continuing operations was INR 6.06 compared to INR 1.65 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.