Navneet Education Limited — Updates, 05-02-2025: Press Release

Navneet Education Limited (NEL) reported its financial results for the quarter and nine months ended December 31, 2024. Consolidated revenue for 9MFY25 reached ₹1,352 crores, reflecting a year-on-year growth of 3%. EBITDA for the same period stood at ₹240 crores, up 15% year-on-year, while profit before tax (excluding exceptional items) was ₹200 crores, a 21.7% increase compared to the previous year. Notably, revenue from the publication business grew by 28% to ₹113 crores due to strong institutional orders. However, the domestic stationery segment faced challenges with a 24% decline in revenue to ₹52 crores, attributed to decreased procurement demand amid falling raw material prices. In contrast, exports revenue rose by 11% to ₹505 crores.

On the operational front, the company's working capital cycle showed stable metrics, with 42 days for receivables and approximately 100 days for finished goods and raw material inventories. Looking forward, NEL aims to enhance its market position and navigate challenges in the domestic stationery sector by focusing on operational efficiencies and a strategic approach to pricing. The strong performance in export sales highlights significant growth opportunities in international markets, positioning the company for sustainable long-term value delivery.