NAVNEET EDUCATION Announces Quarterly Results (2QFY19); Net Profit Up 73.9%

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NAVNEET EDUCATION Announces Quarterly Results (2QFY19); Net Profit Up 73.9%
Mon, 12 Nov

NAVNEET EDUCATION has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NAVNEET EDUCATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,8346,7002,635-60.7%43.7%
Other incomeRs m4771720.8%52.1%
TurnoverRs m1,8816,7712,706-60.0%43.9%
ExpensesRs m1,5534,7262,171-54.1%39.8%
Gross profitRs m2811,974463-76.5%65.0%
DepreciationRs m5657605.2%7.5%
InterestRs m164223-44.8%43.2%
Profit before taxRs m2561,946451-76.8%76.6%
TaxRs m89683162-76.2%81.6%
Profit after taxRs m1661,263289-77.1%73.9%
Gross profit margin%15.329.517.6
Effective tax rate%34.935.135.9
Net profit margin%8.818.710.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 43.7% on a year-on-year (YoY) basis. The expenses were up by 39.8% YoY during the same period.
  • The company's operating profit increased by 65.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.6% in 2QFY19 as against 15.3% in 2QFY18.
  • Depreciation charges increased by 7.5% and finance costs increased by 43.2% YoY, respectively.
  • Other income increased by 52.1% YoY during the quarter.
  • Net profit for the quarter increased by 73.9% YoY. Net profit margins during the quarter increased from 8.8% in 2QFY18 to 10.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 60.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.1% QoQ during the same period.
  • The company's operating profit declined by 76.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 2QFY19 as against 29.5% in 1QFY18.
  • Net profit for the quarter declined by 77.1% QoQ, while net profit margins declined from 18.7% in 1QFY18 to 10.7% in 2QFY19.

To see how NAVNEET EDUCATION has performed over the last eight quarters, please visit here.

NAVNEET EDUCATION Share Price Performance

Over the last one year, NAVNEET EDUCATION share price has moved up from Rs 162.0 to Rs 109.9, registering a Loss of Rs 52.1 or around 32.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,180.6 (up 1.1%). Over the last one year it has moved up from 6,122.4 to 7,180.6, a gain of 1,058 points (up 17.3%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 109.9, the price to earnings (P/E) ratio of NAVNEET EDUCATION stands at 14.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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Related Views on News

NAVNEET EDUCATION Announces Quarterly Results (1QFY20); Net Profit Up 16.7% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, NAVNEET EDUCATION has posted a net profit of Rs 1 bn (up 16.7% YoY). Sales on the other hand came in at Rs 8 bn (up 18.7% YoY). Read on for a complete analysis of NAVNEET EDUCATION's quarterly results.

NAVNEET EDUCATION Announces Quarterly Results (4QFY19); Net Profit Down 2.3% (Quarterly Result Update)

May 17, 2019 | Updated on May 17, 2019

For the quarter ended March 2019, NAVNEET EDUCATION has posted a net profit of Rs 147 m (down 2.3% YoY). Sales on the other hand came in at Rs 2 bn (up 15.5% YoY). Read on for a complete analysis of NAVNEET EDUCATION's quarterly results.

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