Navneet's Profit for FY 20 increased by 23.6 % to Rs. 219.35 crores

Book Publishing and Stationery Company Navneet Education Limited, Mumbai announced its Standalone and consolidated Audited Annual Financial Results for FY20 on June 17, 2020. The Standalone Revenue from Operations for FY 20 increased over last year by 6 % to Rs. 1,441.80 crores as against Rs. 1,360.54 crores for FY 19 and Consolidated Revenue from Operations for FY 20 also increased by 5% to Rs. 1,512.05 crores.

The Profit for Standalone Business for the year ended March 31, 2020 increased by 23.6% to Rs. 219.35 crores as against Rs. 177.47 crores in last financial year. The Profit for the Consolidated Business for the year ended March 31, 2020 increased by over 29% to Rs. 197.24 crores as against Rs. 152.82 crores in last financial year.

Shares of Navneet Education Limited was last trading in BSE at Rs.79 as compared to the previous close of Rs. 80.1. The total number of shares traded during the day was 111066 in over 1682 trades.

The stock hit an intraday high of Rs. 82.15 and intraday low of 77.4. The net turnover during the day was Rs. 8885850.

Source : Equity Bulls

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