Navneet Education standalone net profit rises 0.74% in the March 2021 quarter

Sales decline 7.94% to Rs 190.77 crore

Net profit of Navneet Education rose 0.74% to Rs 16.30 crore in the quarter ended March 2021 as against Rs 16.18 crore during the previous quarter ended March 2020. Sales declined 7.94% to Rs 190.77 crore in the quarter ended March 2021 as against Rs 207.22 crore during the previous quarter ended March 2020.

For the full year,net profit declined 71.90% to Rs 61.63 crore in the year ended March 2021 as against Rs 219.35 crore during the previous year ended March 2020. Sales declined 44.31% to Rs 802.97 crore in the year ended March 2021 as against Rs 1441.80 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales190.77207.22 -8 802.971441.80 -44 OPM %15.6015.79 -13.8622.06 - PBDT31.9431.81 0 119.01330.43 -64 PBT23.0822.42 3 84.28295.14 -71 NP16.3016.18 1 61.63219.35 -72

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