NAVNEET EDUCATION Announces Quarterly Results (1QFY20); Net Profit Up 16.7%
Tue, 13 Aug

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

NAVNEET EDUCATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,7002,4557,950223.8%18.7%
Other incomeRs m712298351.4%38.8%
TurnoverRs m6,7712,4778,048224.9%18.9%
ExpensesRs m4,7262,1735,636159.3%19.3%
Gross profitRs m1,9742822,314720.4%17.2%
DepreciationRs m57658023.5%40.3%
InterestRs m42427065.7%66.9%
Profit before taxRs m1,9461972,2621051.2%16.3%
TaxRs m683497881494.9%15.4%
Profit after taxRs m1,2631471,474902.2%16.7%
Gross profit margin%29.511.529.1
Effective tax rate%35.125.134.8
Net profit margin%18.75.918.3
* 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 18.7% on a year-on-year (YoY) basis. The expenses were up by 19.3% YoY during the same period.
  • The company's operating profit increased by 17.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 29.1% in 1QFY20.
  • Depreciation charges increased by 40.3% and finance costs increased by 66.9% YoY, respectively.
  • Other income increased by 38.8% YoY during the quarter.
  • Net profit for the quarter increased by 16.7% YoY. Net profit margins during the quarter declined from 18.7% in 1QFY19 to 18.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 223.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 159.3% QoQ during the same period.
  • The company's operating profit increased by 720.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 1QFY20 as against 11.5% in 4QFY19.
  • Net profit for the quarter increased by 902.2% QoQ, while net profit margins increased from 5.9% in 4QFY19 to 18.3% in 1QFY20.

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 down from Rs 118.2 to Rs 105.5, registering a Loss of Rs 12.7 or around 10.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,642.3 (down 1.7%). Over the last one year it has moved up from 7,514.1 to 7,642.3, a gain of 128 points (up 1.7%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 105.5, the price to earnings (P/E) ratio of NAVNEET EDUCATION stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.