Navneet Education Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||17.4||741|
|Net Profit (adjusted)||18.58||69.8|
Navneet Education Ltd.’s standalone Q2FY17 beats Bloomberg estimates. Revenue came in 31.7% higher than the estimate of Rs 130 cr. EBITDA came in 263.3% higher than the estimate of Rs 8 cr. Net profit was 161.7% higher than the estimated figure of Rs 7 cr.
Navneet posted strong 46% yoy Revenue growth to Rs 171.39 cr. This was driven by stellar performance in publication content segments which grew by 58% yoy.
EBITDA surges by 154.6% yoy to Rs 29.79 cr led by EBITDA margins expansion of 741 bps yoy at 17.4%.
Net profit jump by 69.8% yoy to Rs 18.58 cr. This was due to 55% yoy dropped in other income offsetting the strong operational performance.
Navneet Education Ltd is currently trading at Rs. 102.2, down by 0.65 points or 0.63% from its previous closing of Rs. 102.85 on the BSE.
The scrip opened at Rs. 102 and has touched a high and low of Rs. 104.5 and Rs. 102 respectively. So far 117942(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
BSE 169.20 [1.25] ([0.73]%)
NSE 169.85 [0.90] ([0.53]%)
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