Quarterly Result: Navneet Education Ltd
Bhagyashree Vivarekar / 11 Nov 2016
Navneet Education Ltd., is currently trading at Rs. 102.2, down by 0.65 points or 0.63% from its earlier closing of Rs. 102.85 on the BSE. The company's net profit has climbed by 69.8% yoy to Rs 18.58 cr.
Technical View:
Navneet Education Ltd., is currently trading at Rs. 102.2, down by 0.65 points or 0.63% from its earlier closing of Rs. 102.85 on the BSE.
The scrip has touched a high and low of Rs. 104.5 and Rs. 102 respectively, after opening at 102. In totality 117942(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
Navneet Education Ltd.’s standalone Q2FY17 have come in higher than Bloomberg estimates. Revenue has come in 31.7% greater than the estimate of Rs 130 cr. EBITDA has come in 263.3% greater than the estimate of Rs 8 cr. Net profit is 161.7% greater than the estimated figure of Rs 7 cr.
The company has posted strong 46% yoy Revenue growth to Rs 171.39 cr. This was anchored by stellar performance in publication content segments which grew by 58% yoy.
Navneet's EBITDA has ballooned by 154.6% yoy to Rs 29.79 cr led by EBITDA margins improvement of 741 bps yoy at 17.4%.
The company's net profit has climbed by 69.8% yoy to Rs 18.58 cr. This can be attributed to 55% yoy decline in other income offsetting the strong operational performance.
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