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NAVNEET EDUCATION Announces Quarterly Results (3QFY19); Net Profit Down 36.5%

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NAVNEET EDUCATION Announces Quarterly Results (3QFY19); Net Profit Down 36.5%
Wed, 13 Feb

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

NAVNEET EDUCATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,7442,6351,816-31.1%4.1%
Other incomeRs m447230-58.6%-32.0%
TurnoverRs m1,7882,7061,846-31.8%3.2%
ExpensesRs m1,5402,1711,659-23.6%7.8%
Gross profitRs m205463157-66.1%-23.3%
DepreciationRs m6260622.8%0.8%
InterestRs m12311-52.2%1485.7%
Profit before taxRs m186451113-74.9%-39.0%
TaxRs m6716238-76.6%-43.5%
Profit after taxRs m11928975-73.9%-36.5%
Gross profit margin%11.717.68.6
Effective tax rate%36.135.933.5
Net profit margin%6.610.74.1
* 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 4.1% on a year-on-year (YoY) basis. The expenses were up by 7.8% YoY during the same period.
  • The company's operating profit declined by 23.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.6% in 3QFY19 as against 11.7% in 3QFY18.
  • Depreciation charges increased by 0.8% and finance costs increased by 1485.7% YoY, respectively.
  • Other income declined by 32.0% YoY during the quarter.
  • Net profit for the quarter declined by 36.5% YoY. Net profit margins during the quarter declined from 6.6% in 3QFY18 to 4.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 31.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.6% QoQ during the same period.
  • The company's operating profit declined by 66.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.6% in 3QFY19 as against 17.6% in 2QFY18.
  • Net profit for the quarter declined by 73.9% QoQ, while net profit margins declined from 10.7% in 2QFY18 to 4.1% in 3QFY19.

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 149.1 to Rs 105.6, registering a Loss of Rs 43.5 or around 29.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,685.0 (up 0.3%). Over the last one year it has moved up from 6,552.7 to 7,685.0, a gain of 1,132 points (up 17.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 105.6, the price to earnings (P/E) ratio of NAVNEET EDUCATION stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, NAVNEET EDUCATION has posted a net profit of Rs 289 m (up 73.9% YoY). Sales on the other hand came in at Rs 3 bn (up 43.7% YoY). Read on for a complete analysis of NAVNEET EDUCATION's quarterly results.

NAVNEET EDUCATION Announces Quarterly Results (1QFY19); Net Profit Up 15.2% (Quarterly Result Update)

Aug 3, 2018 | Updated on Aug 3, 2018

For the quarter ended June 2018, NAVNEET EDUCATION has posted a net profit of Rs 1 bn (up 15.2% YoY). Sales on the other hand came in at Rs 7 bn (up 18.5% YoY). Read on for a complete analysis of NAVNEET EDUCATION's quarterly results.

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