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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 0.8 % in the past year, substantial increase in net sales/revenue by 83.29 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 6142.95 %. Marginal increase in other income during this quarter, up by 14466.88%.
- Profit over the Year and quarter: Significant improvement in profitability for Navneet Education Limited. Notable increase of 414.46 % in net profit Year to Year, Navneet Education Limited’s profitability increased by 1456.38 % in this quarter.
- EPS over the Year and quarter: EPS increased by 383.93 % Year to Year. EPS increased by 1370.14 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 791.45 Cr | Rs. 435.28 Cr | Rs. 797.81 Cr | + 83.29 % | + 0.8 % |
Expenses | Rs. 582.57 Cr | Rs. 355 Cr | Rs. 577.97 Cr | + 62.81 % | -0.79 % |
Operating Profit | Rs. 208.88 Cr | Rs. 80.28 Cr | Rs. 219.84 Cr | + 173.84 % | + 5.25 % |
OPM % | 26.39 % | 18.44 % | 27.56 % | + 9.12 % | + 1.17 % |
Other Income | Rs. 10.71 Cr | Rs. 4.59 Cr | Rs. 668.62 Cr | + 14466.88 % | + 6142.95 % |
Interest | Rs. 7.51 Cr | Rs. 4.96 Cr | Rs. 6.72 Cr | + 35.48 % | -10.52 % |
Depreciation | Rs. 12.97 Cr | Rs. 21.44 Cr | Rs. 15.04 Cr | -29.85 % | + 15.96 % |
Profit before tax | Rs. 199.11 Cr | Rs. 58.47 Cr | Rs. 866.7 Cr | + 1382.3 % | + 335.29 % |
Tax % | 28.23 % | 16.32 % | 13.97 % | -2.35 % | -14.26 % |
Net Profit | Rs. 144.94 Cr | Rs. 47.91 Cr | Rs. 745.66 Cr | + 1456.38 % | + 414.46 % |
EPS in Rs | Rs. 6.41 | Rs. 2.11 | Rs. 31.02 | + 1370.14 % | + 383.93 % |
Today, we’re looking at Navneet Education Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0.8 %. However, it did see a marginal increase of 83.29 % from the previous quarter. Expenses ticked up slightly by 62.81 % quarter-on-quarter, aligning with the annual decline of -0.79 %. Operating profit, while up 5.25 % compared to last year, faced a quarter-on-quarter increase of 173.84 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.17 %, but an expansion of 9.12 % sequentially. Other income rose by 14466.88 % compared to the last quarter, despite an annual growth of 6142.95 %. Interest expenses surged remarkably by 35.48 % from the previous quarter, yet the year-over-year decrease remains at a moderate -10.52 %. Depreciation costs fell by -29.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.96 %. Profit before tax grew annually by 335.29 % but saw an increase from the preceding quarter by 1382.3 %.
Tax expenses as a percentage of profits decreased slightly by -14.26 % compared to last year, with a more notable quarter-on-quarter decrease of -2.35 %. Net profit rose by 414.46 % year-on-year but experienced a 1456.38 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 383.93 % but a quarterly rise of 1370.14 %. In summary, Navneet Education Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 791.45 Cr | Rs. 435.28 Cr | Rs. 797.81 Cr | + 83.29 % | + 0.8 % |
Expenses | Rs. 582.57 Cr | Rs. 355 Cr | Rs. 577.97 Cr | + 62.81 % | -0.79 % |
Operating Profit | Rs. 208.88 Cr | Rs. 80.28 Cr | Rs. 219.84 Cr | + 173.84 % | + 5.25 % |
Net Profit | Rs. 144.94 Cr | Rs. 47.91 Cr | Rs. 745.66 Cr | + 1456.38 % | + 414.46 % |
EPS in Rs | Rs. 6.41 | Rs. 2.11 | Rs. 31.02 | + 1370.14 % | + 383.93 % |
In reviewing Navneet Education Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.8 % year-on-year growth, however, there was a minor increase of 83.29 % from the previous quarter. Expenses decreased by -0.79 % compared to the previous year, with a 62.81 % increase quarter-on-quarter. Operating Profit surged by 5.25 % annually, and saw a 173.84 % increase from the last quarter.
Net Profit showed yearly increase of 414.46 %, and experienced a 1456.38 % increase from the previous quarter. Earnings Per Share (EPS) rose by 383.93 % annually, however rose by 1370.14 % compared to the last quarter. In essence, while Navneet Education Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.