Navneet Education Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 08:34 am EDT
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Navneet Education Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 4,090.2 million compared to INR 3,221 million a year ago. Revenue was INR 4,132.7 million compared to INR 3,239.6 million a year ago. Net income was INR 229.6 million compared to INR 306.3 million a year ago. Basic earnings per share from continuing operations was INR 1.01 compared to INR 1.35 a year ago. Diluted earnings per share from continuing operations was INR 1.01 compared to INR 1.35 a year ago.
For the full year, sales was INR 16,968.3 million compared to INR 11,143 million a year ago. Revenue was INR 17,115.7 million compared to INR 11,331.1 million a year ago. Net income was INR 2,045.4 million compared to INR 755.6 million a year ago. Basic earnings per share from continuing operations was INR 9.04 compared to INR 3.33 a year ago. Diluted earnings per share from continuing operations was INR 9.04 compared to INR 3.33 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.
NAVNEET EDUCATION LIMITED 
