Navneet Education Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Navneet Education Ltd reported a 0.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.7%.
- Its expenses for the quarter were down by 1.2% QoQ and up 3.8% YoY.
- The net profit decreased 425.3% QoQ and decreased 170.3% YoY.
- The earnings per share (EPS) of Navneet Education Ltd stood at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 284.72 | 282.53 | 261.84 | 0.8% | 8.7% |
Total Expenses | 285.19 | 288.54 | 274.77 | -1.2% | 3.8% |
Profit Before Tax | 25.01 | -6.01 | -12.93 | -516.1% | -293.4% |
Tax | 9.10 | -1.20 | 3.81 | -858.3% | 138.8% |
Profit After Tax | 15.81 | -4.86 | -22.49 | -425.3% | -170.3% |
Earnings Per Share | 0.70 | -0.20 | -1.00 | -450.0% | -170.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Navneet Education Ltd is a renowned company primarily engaged in the publication of educational and general books, as well as the provision of educational services. The company operates within the education sector, focusing on providing educational content, stationery products, and related services. Navneet Education has a significant presence in the Indian market, with a strong focus on the publication of syllabus-based books and supplementary education materials. However, specific recent major developments or shifts in the company strategy are not available within the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Navneet Education Ltd reported a total income of ₹284.72 crores. This represents a quarter-over-quarter (QoQ) increase of 0.8% from ₹282.53 crores in the second quarter of the fiscal year 2025 (Q2FY25). Additionally, the year-over-year (YoY) comparison indicates an 8.7% increase from ₹261.84 crores in the third quarter of the fiscal year 2024 (Q3FY24). This upward trend in revenue suggests a period of revenue growth over both quarterly and annual timeframes.
Profitability
The profitability metrics for Navneet Education Ltd for Q3FY25 show significant improvements. The profit before tax (PBT) for this quarter was ₹25.01 crores, a notable recovery from a loss of ₹6.01 crores in Q2FY25 and a considerable improvement from a loss of ₹12.93 crores in Q3FY24. The profit after tax (PAT) stood at ₹15.81 crores, compared to a loss of ₹4.86 crores in the previous quarter and a loss of ₹22.49 crores in the same quarter last year. These figures reflect a QoQ change of -516.1% for PBT and -425.3% for PAT, while the YoY change was -293.4% for PBT and -170.3% for PAT. Consequently, the earnings per share (EPS) for Q3FY25 was ₹0.70, improving from a negative EPS of ₹-0.20 in Q2FY25 and ₹-1.00 in Q3FY24.
Operating Metrics
The total expenses for Navneet Education Ltd in Q3FY25 were recorded at ₹285.19 crores, which is a slight decrease of 1.2% on a QoQ basis from ₹288.54 crores in Q2FY25, and a 3.8% increase on a YoY basis from ₹274.77 crores in Q3FY24. The tax expense for the quarter was ₹9.10 crores, reflecting a significant change from a tax credit of ₹-1.20 crores in Q2FY25 and an increase from ₹3.81 crores in Q3FY24. This quarterly financial performance is marked by the shift from a tax credit in the previous quarter to a tax liability in the current quarter, highlighting a substantial change in the company's tax obligations. The trends observed in the expense and tax metrics are indicative of changes in the company's operating environment and financial management.
