Navneet Education Ltd's Q2FY17 standalone net profit risess 69.84% yoy to Rs.18.58 crore : Beats Estimates

India Infoline Research Team | November 11, 2016 15:41 IST

Navneet Education Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 171.39 46.0
EBITDA 29.79 154.6
EBITDA Margin (%) 17.4 741
Net Profit (adjusted) 18.58 69.8
***EBITDA margin change is bps

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.

Technical View:

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 156.55 1.70 (1.10%)
NSE 158.25 3.05 (1.97%)

***Note: This is a NSE Chart



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