Q4FY21 Company Update - Navneet Education - ICICI Direct

Navneet Education reported a subdued financial performance in Q4FY21. Revenues de-grew 8% YoY to Rs. 191 crore on a low base (Q4FY20: YoY revenue decline of 16%). Gross margins declined 340 bps YoY to 58.2%. Though staff cost (as percentage of sales) grew 212 bps to 18.9%, other expenses declined 533 bps to 23.8%, which enabled the company to restrict the decline in EBITDA margin to 20 bps YoY to 15.9% with absolute EBITDA declining 9% YoY to Rs. 30.3 crore. However, a decline in interest cost by 80% YoY to Rs. 80 lakh enabled the company to report a flattish PAT of Rs. 16.9 crore (Q4FY20: Rs. 16.8 crore). For FY21, revenues declined 45% YoY to Rs. 835 crore with PAT declining 72% YoY to Rs. 56 crore.

For details, click on the link below: Link to the report

Shares of Navneet Education Limited was last trading in BSE at Rs.86.5 as compared to the previous close of Rs. 86. The total number of shares traded during the day was 30592 in over 651 trades.

The stock hit an intraday high of Rs. 86.6 and intraday low of 86. The net turnover during the day was Rs. 2636727.

Source : Equity Bulls

Keywords