NAVNEET EDUCATION Announces Quarterly Results (4QFY19); Net Profit Down 2.3%
Fri, 17 May

NAVNEET EDUCATION has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

NAVNEET EDUCATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,1261,8162,45535.2%15.5%
Other incomeRs m793022-26.4%-72.3%
TurnoverRs m2,2051,8462,47734.2%12.3%
ExpensesRs m1,8891,6592,17331.0%15.1%
Gross profitRs m23815728279.8%18.7%
DepreciationRs m6462655.0%1.2%
InterestRs m171142281.1%145.9%
Profit before taxRs m23511319773.3%-16.4%
TaxRs m84384930.0%-41.5%
Profit after taxRs m1517514795.1%-2.3%
Gross profit margin%11.28.611.5
Effective tax rate%35.933.525.1
Net profit margin%6.84.15.9
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 15.1% YoY during the same period.
  • The company's operating profit increased by 18.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.5% in 4QFY19.
  • Depreciation charges increased by 1.2% and finance costs increased by 145.9% YoY, respectively.
  • Other income declined by 72.3% YoY during the quarter.
  • Net profit for the quarter declined by 2.3% YoY. Net profit margins during the quarter declined from 6.8% in 4QFY18 to 5.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 31.0% QoQ during the same period.
  • The company's operating profit increased by 79.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 4QFY19 as against 8.6% in 3QFY18.
  • Net profit for the quarter increased by 95.1% QoQ, while net profit margins increased from 4.1% in 3QFY18 to 5.9% in 4QFY19.

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 140.3 to Rs 108.0, registering a Loss of Rs 32.3 or around 23.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,571.5 (down 0.4%). Over the last one year it has moved up from 6,885.0 to 7,571.5, a gain of 686 points (up 10.0%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 108.0, the price to earnings (P/E) ratio of NAVNEET EDUCATION stands at 14.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.