Quarterly and Half year ended 30th September,2021

	Knowledge is wealth
NEL/NSE/157/2021	Date: zs" October, 2021

The Secretary

National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051.

Dear Sirs,

Scrip Code - NAVNETEDUL

Sub: Approval of Standalone and Consolidated Un-audited Financial Results for the quarter and half year ended so" September, 2021

We wish to inform you that Board of Directors at its meeting held today i.e. Friday, zs"

October, 2021, has approved and taken on record the Statement of Standalone and Consolidated Un-audited Financial Results for the quarter and half year ended so" September,

2021.

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Standalone and Consolidated Un-audited Financial Results for the quarter and half year ended so" September, 2021 along with Independent

Auditor's Limited Review Report on Standalone and Consolidated Unaudited Financial Results for the quarter ended so" September, 2021.

The	meeting of the Board of Directors commenced at 02:00 p.m. and concluded at
6 ·	I D	p.m.

You are requested to take note of the above.

Thanking you,

Yours faithfully,

FOR NAVNEET EDUCAT ION LIMITED

AMITD. BUCH

COMPANY SECRETARY

Encl.: as above

NAVNEET EDUCATION LIMITED

CIN: L22200MH1984PLC034055

Navneet Bhavan, Bhavani Shankar Road, Near Shardashram Society, Dadar (W), Mumbai 400 028. India.

Tel.: [phone] • email: [e-mail] • www.navneet.com, l]tnavneet.india

To

The Board of Directors of

Navneet Education Limited

Limited review report on statement of standalone unaudited financial results for the quarter and half year ended 30th September 2021 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We have reviewed the accompanying Statement of standalone unaudited financial results of Navneet Education Limited ('the Company') for the quarter and half year ended 30th September 2021 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time.

Management's Responsibility

This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

Auditor's Responsibility

Our responsibility is to issue a report on the statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Conclusion

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with aforesaid Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For N. A. Shah Associates LLP

Chartered Accountants

Firm's registration number: 116560W / W100149

SANDEEP NATWARL AL SHAH

Digitally signed by SANDEEP NATWARLAL SHAH

DN: c=IN, o=Personal, 2.5.4.20=b4c218f90f87fb7d2cb05f7279 80597d5fe2ee38f1427ffc847206d8ddb 3006f, postalCode=400036, st=Maharashtra, serialNumber=9c091411fcdc05e95462 3c5bc78e0cf23291f947856e23198385e 25008ec0f31, cn=SANDEEP

NATWARLAL SHAH

Date: 2021.10.29 17:53:31 +05'30'

Sandeep Shah

Partner

Membership number: 37381

UDIN: 21037381AAAAFB8432

Place: Mumbai

Date: 29th October 2021

	Navneet Education	Limited
ReQtstered Offlce	Navneet Bhavan,	Bhavan! Shankar	Road, Oadar (West),	Mumbai	- 400028
Tel. : [phone]	Fa,c 022-6662&470, ema,I investorsOnavneet.com	www navneet.com
	ON	L22200MH19S4PLC03<1055
STATEMENT OF STANDALONE UNAUDITED	FINANCIAL	RESULTS FOR THE QUARTER AND HALF YEAR	ENOEO 30th SEPTEMBER , 2021

s,.

No.

I

II

Ill

IVv

VI

				Puticulars
Income
Revenue	from operations
Othe"	Income
Total	Income fl+ 111
f,cpen	ses
Cost of matenals consumed
Purchasesof stock-in-trade
Changes		In	inventories	of finished	goods,	WOO-In-
Pf(l!lress		and stock-In-trade
Employee	benefits e,cpense	(Refer	note 7 below)
Finance		Costs
Depreciationand amortisation	expense
Othef	eeoeosestRefer note 4 belowl
Total	exeenses
Profit before ta,c	{111- lV)
Tax Expense:
{a) Current tax
(b} Deferred	tax		or			period I
(c) Short	J	{excess)	provislOll	the	earlier
,ea,

			1/NR	In UJkhs, ,,.	fanwv,s Per S/JdreJ
	Ouarter ended		She month ended	Ytiart1nded
30.09.2021	30.09.2020	30.06.2021	30.09.2021	30.09.2020	31.03.2021
(Unaudited)	(Unaudited)	(Unaudited)	(Unaiudlted)	(Unaudited)	(Audlt..d)
22,909	15,99<1	31,832	5<1,741	<18,481	80,297
794	"'		I 479		81 749
	685	655	l 452
23 703	16.423	32 517	56.220	49 136
10,606	6,465	14,319	24,925	17,797	34,606
200	6	170	370	10	"
90	1, 103	2,018	2,108	6,689	3,806
3,699	J,362	3,622	7,321	6,600	13,608
90	159	118	208	519	684
817	865	799	1,616	1,694	3,473
5 130	4 139	5 528	JO 658	8 686	17 100
20 632	16 099	26 574	47 206	41995	73,321
3,071	324	5,943	9,014	7,141	8,428
'"	263	1,487	2,416	2,115	2,568
(113)	(166)	2	(l 11)	{202)	(249)
	,,			(64)	(54)
816		1,489	2,305	1,8'19	2,265

vu

Profit for the

riod 111ear1V-VJ1

vm

Othe r Comprehe nsive Income:

A.

Items that

wlll not

be reclassified

to profit

or

IOss

In

subsequen

t period

I year

Re-measu

remen t of the

net

<>

bl!neflt

plan

,.

L.@SS:

Income

tax

relaung

to the

above

Items

that

wlll be

recla ssified

to profit

or

los s

In

subsequentperiod

I year

cash

now hedge

Less: Income

tax

relatingto

the

above

VIII

Othe r Comprehensive Income

for the

period

I

l11ear

net of tax

Total

Comprehe nsive Income for the

perk>d

I

IX year

(VII

+VIII) (Total of

profit and other

com prehe nsive Income for the period

J year)

Paid-up Equity Share capital (Face Value JNR 2/- per

Share ) (Refer note

9 below)

Other

Equity

Earnings

per Share

(of INR 2/· per

share)

{not

annualised)

(a)

Basic

earnings

per Share

lbl Diluted

eamm

os ce-srere

Notes·

I

The resu tts

were

reviewed

by

the audit

comm

ittee

and taken on record

a Hmlted review of the standalone

financia

l results

for the quarter

2 255	227	4454	6 709	5 292	6 163
(51)	{l<>	(52)	{103)	(28)	(176)
13	3	13	26	6	44
2	584	(281)	(279}	1,S'lO	l,715
(1)	( 147)	71	70	(387)	(432)
(37)	426	(249)	(286)	1,131	1,151
2,218	653	4,205	6,423	6,423	7,314
4,540	4,577	<1,563	4,540	4,577	4,'577
					99,309
0.99	0.10	1.95	2.94	2.31	2.69
0.99	0.10	1.95	2.94	2.31	2.69
by the Board	of Directorsat its	meetingheld on 29th October	2021. The Statu	tory auditors hav e carried	out
and half year ended	30th September2021.

2 The

aboYe

standalone financial

results

have

been prepa

red In accorda

nce with

the guidelines

Issued by the Securities

and Exchange

Board of India ('SEBI'), and the Indian

Accou

nting

Standard

s (Ind AS)

prescrlbed

under Section

133 of the Compa

nies Act,

2013.

• In view of seasona analyt!Cal ratiOs

l natu	re of business, above quarterly	and	half yearty	financial results are not r�esentattve of the operation	s or the whole year. Consequent ly, som e of the
presented	below are also not strictly	comparable	(Refer	note 12) .

.. ...

Navneet Education Limited

		Registered Office : Navneet Bhavan, Bhavanl Shankar Road,	Dadar (West), Mumbai - 400028
		Tel. : [phone] Fax: [phone], email: lnvestors@navneet .com. www.navneet.com
		ON : L22200MH 1984PLC034055
STATEMENT	OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR	ENDED 30th SEPTEMBER, 2021
4 Other expenses	includes	provision for impairment of Investment in subsidiaries of INR 390 Lak.hs	for the year ended 31st	March 2021. The same is Included under 'Publishing
Content' segment	result disclosed below.

• Details of additional investments made are given below:

a) The	Company had made capital contribution of INR 700 Lakhs during the quarter	and half year ended 30th September 2020 and year ended	31st March 2021 to subsidiary entity
'Navneet Learning	LLP'.
b) The	Company	has invested	in Optionally Convertible Preference Shares (OCPS)	of wholly owned subsidiary 'Esense Learning Private Limited' amounting to INR 1,000 Lakh s at
face value (I.e. 1,00,00,000 OCPS of INR 10 each, fully paid up) during the quarter	ended 30th June 2021 and half year ended 30th September 2021 and INR 2,300 Lak hs at face
value (i.e. 2,30,00,000 OCPS of INR 10 eac h, fully paid up) during the half year ended 30th September 2020 and year ended 31st March 2021.
c) The Company has purchased	J acquired 100% equity share cap ital of the 'Navneet Tech Ventures Private Limited' (i.e. 10,000 equity shares of INR 10 each, fully paid up) at face
value from existing share	holders during the quarter ended 30th June 2021 accordingly it had become wholly owned subsidiary of the Compa	ny with effect	from 29th June 2021.
During	the quarter ended	30th September 2021, the Company has invested in 3,50,000 equity shares of INR 10 each, fully paid up at face value amounting to INR 35 Lakh s in this

subsidiary. Further, during	the quarter and half year ended 30th September	2021, the Company	has Invested in 0% fully and	compulsorily convertible debentures (FCCDs)
amou nting to INR 2,478 Lakh	s at face value of INR 10 eac h which shall be converted into equal number of equity share of the face value of INR 10 of this subsidiary company.
Further, the Company has retired as Partner of Navneet Edutech LLP with effect	from 29th June 2021	and consequently, it ceases to	be company's subsidiary from 29th June 2021.

• During the quarte r ended 30th Sep tember , 2021, Navneet Tech Ventures Private LJmited (NVTPL), wholly owned subsidiary of the Company :
  a) acquired 2,74,060 equity shares by way of transfer from some of the existing equity shareholders of Carv enlche Technologies Private Limited ('Carv eniche') and 5,35,820 equity

shares by way of fresh allotment by Carv eniche for a total consideration of INR 1,365 Lakh s. NVTPL accordingly hold 39.85% paid up share capital of Carv enlche;

b) acquired 5,12,528 ordinary equity shares,	4,80,414 Class	A equ ity shares by way of transfer from some	of the existing ordinary equity and Class A equity shareholders
respect ively of Genext Students Private Limited	('Genext') and	17,91,391 Class A equity shares by way of fresh	allotment by Genext for a total consideration of INR 586 Lakhs.
NTVPL accord ingly hold 51.80 % of paid up share capital of Genext; and
c) acqu ired 1, 104 equity shares from existing equity shareholders of Elation Edtech Private LJmited ('Elation') and	718 equity shares by way of fresh allotment by Elation for a total
consideration of INR 525 Lak hs. NTVPL accordingly hold 14.67% of paid up share capital of Elation.

7 In the month of April & May 2020 on account of the pandemic and low business activity, the company and directors J senior management team had mutually agreed and had not paid remuneration aggregating to INR 236 Lakhs, to such directors J senior management team members.

• The business of the Company continues to be significantly impacted by the continuing delay In re-openingof schools amid Covid-19 restricti ons. The management is continuously

monitoring the situation and expects	an improvement in the business going forward considering the increase in the	pace of vaccination and redu ction in the number of cases. The
Compa ny has made assessment of its	liquidity position for the current financial year and has considered internal and	external information in assessin g the recoverability of its assets

such as Investments, loans, intangible assets, trade receivable, inventories, etc. and other significant management estimates. The Company has used the principles of prudence in applying Judgments, estimates and assumptions and based on the current estimates, the Company expects to fully recover the carrying amount of these assets .

The impact assessment of COVID- 19 is an ongoing process, and may be different from that estimated as at the date of approval of these standalone financial results, given the uncertainties associated with its nature and duration and the Company will continue to monitor all material changes to the entity's environment.

9 The Board of Directors, In its meeting held on 27th May 2021, had approved the buyback of the Company's fully paid-upequity shares having face value of INR 2 per share at the maximum buybackprice of INR 100 per equity share and the maximum buyback size of INR 5,000 Lakhs ; the indicative maximum number of equity shares to be brought back would be 50,00,000 Equity shares comprising approximately 2.18% of the paid-up equity shares capital or the Company as of 31st March 2021 (on a standalone basis). The buyback was offered to all eligible equity shareholders of the Company (other than the promoters, the promoter group and persons In control of the Company) under the open market route through stock exc hange mechanism.

The Com pany has bought back 11,35,602 equity shares during the quarter ended 30th September 2021, 7,41,505 equity shares durin g the quarter ended 30th June 2021. Accordingly total 18,77,107 equity shares have been bought back upto the half year ended 30th September 2021 under the open market route through stock exc hange mechanism

which also are extinguished as	per Regulation 21 read with Regul ation 11 of Securities and Exchange Board of India (Buybac k of Securities) Regulations, 2018,	as amended.
Conseque ntly,	buyback tax has	been accounted on such shares bought back amounting to INR 271 Lak hs for the quarter ended 30th September 2021, INR 139	Lakhs for the
quarte	r ended	30th June 2021	and total INR 410 Lakh s for the half year ended 30th Sep tember 2021. In accordance with section 69 of the Companies Act 2013, during the half
year	ended 30th September 2021, the Company has created 'Capital Redemp tion Reserve' of the nominal value of the shares bought back as an approp riation	from general
reserve . Further, for the purpose	of calculation of weighted average number of shares which Is to be considered for quarterly and half yearl y Earnings Per Share, the Company has
reduced equity shares which are bought back from the date on which such shares are bought back from the open market.

10 Previous periods / year figures are regrouped and rearranged wherever necessary including on account of amendment In division II to schedule III of Companies Act 2013 to conform current periodpresentati on.

•

Navneet Education limited

											Registered	Office	: Navneet	Bhavan,	Bhavanl	Shankar	Road,	Dadar	(West),	Mumbai • 400028
										Te. : 022·66626565 Fax : 022·66626'!70,	emall : [e-mail].		www.navneet.com
										,..					ON	l22200MH198'1PLC0l4055						11..,	.... .i�	....u r
			STATEMENT	OF STANDALONE	UNAUDITED	FINANCIAL	RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER , 2021
"			.	malnly operates	Into	publlshlng	contl!nt	and	statlooery	products.	Other business	segment		include	generatlOnof power by Windmill,	trading	Items, etc. Unallocable
	The Company
	corporate		assets	less	unallocable	corpofi!lte Habltltles mainly	represent	Investment	or	surplus	funds,	other	advances,cash	& bank balances, corporate	taxes and	general corporate
	tx,,rowlnos.
	A. c-.ment	Revenue and Results
							Partlc ulu'S									Quarter ended				Six monttl	ended		Year ended
															30.09.2021		30.09.2020	30.06.2021	30.09.2021	30.09.2020	31.03.2021
														tUnaudlted		runaudlted	runaudlted	(Unaudited	(Unaudited)	(Audited)
	5eilment	Revenue (5ales and operating
	Income):													8,899
		a.	Publishing		Content									5,SO<>			9,877	18,n6		17,863	29,46'1
		b.	StabOnefy				Products						13,848		10,461		21,835	35,683		30,544	50,674
		c.	Others		(Wlr.dml!I	and	Trading	Items,	etc.}							63			200	424			148	296
	Total	Segment		Revenue										22,971		16,028		31,912	54,883		48,555	80,434
																"'
	Less:	Inter secmev			Revenue								62			34			80	142			74	137
	Total	ment Revenue							22 909		15 994		31832	54 741		48.481	80 297
	5egment	Results		(Profit I (lou) before	ta•	and
	Interest from	each	.seamentl:		4 above)
		a.	Publishing		Content	(Refer	note				1,318			134			2,065	3,383		3,907	4,065
		b.	Stationery				Products									2,210			892			4,428	6,638		4,76'1	7,652
		c.	Others		{Wind	miM and	Tradng	sitem	etc .)			96			16			73	169			58	"
	Total segment		Result									3,624		l,O<>			6,566	10,190		8,729	11,815
	Less: I.	Financ	e Costs									70			134			97	167			468	582
			H. Other	unallocable	expenditure						1,004			902			749	1,753		J,698	3,690
			m. Other	unalloca ble	llncomel						f521 l		(3181			f223	f744		(578	'8851
	Total Profi t	r floss	Before Tax						3 071		324		5 943	9 014		7.141	8428
	Materia l non-shac		Item	(Impairment or	Investmen		t)															390
	tRl"f�"""" 4 a-..,
									....		Quarte....r ended				.....Six month	ended....	Yea..r e..nded
	B, 5eo ment Assets.	Particu lars					ed		,.. on 30.06.2021
	LiabiliUes		and Caoital Emo lo
														30.09.2021		30.09.2020	{Unaudited)	30.09.2021	30.09.2020	31.03.2021
														(Unaudited}		!Unaudited}				runaudltedl	runaudltedl	fAudltedl
	5egment Assets
		a	Publishlng			Cont ent								55,029		57,002		57,781	55,029		57,002	54,274
		b.	StatlOnery Products				nens,					43,959		35,723		45,879	43,959		35,723	44,766
		c.	Other s (Windmill and	Trading	etc.)			12,371		12,486		12,419	12,371		12,486	12,445
		d.	Unalloca ted									12 939		12 486		15 050	12 939		12 486	9 567
	Total	mentAssets								1 24 298		1.17 697		1 ll 129	1 24.298		117.697	1 21 052
	5egment Liabll/Ues
		a.	Publishing			Content								6,061		6,487			4,939	6,061		6,487	5,267
		b.	Statlonefy				Products									5,251		4,282			6,487	S,251		4,282	7,765
		c.	Others	(Windmill ere	Trading	Items,	etc.)				5			2			5	5			2	4
		d.	Unalloca ted									7 191		3 931		12 480	7 191		3.931	4 130
	Total	ment LiablllUes								18 508		14 702		23 911	18.508		14.702	17 166
	capital Employed
		'	Publi	shing Cont ent								48,968		50,515		52,842	48,968		50,515	49,007
		b	Stabonery				Products						38,708		31,441		39,392	38,708		31,441	37,001
		c.	Others	(Wlndmllt and Trading Items,	etc.)			12,366		12,484		12,414	12,366		12,484	12,441
		d.	Unallocated									5 748		8 555			2 570	5 748		8 555	5 437
	Net CanlQI Emnloued							1 05 790		1 02 995		1 07 218	1 05 790		1 02.995	1 OJ 886