ECONOMY

Navneet Education Q1 Review – Traction Evident In Stationary Exports: Prabhudas Lilladher

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Prabhudas Lilladher Report

Navneet Education Ltd.’s results were below our estimates due to delay in the start of academic session amid emergence of second wave in a seasonally strong quarter.

While higher divisions may witness staggered re-opening there is a possibility that lower grades especially kindergarten and primary may not open at all resulting in outright business loss in FY22.

Nonetheless, management sounded confident on prospects of stationary exports and hinted that revenues in FY22 can be similar to FY20.

Further, Navneet Education has also lined up aggressive expansion plans in the Ed-tech space (launched Digi-Book, Kids Platform and Teachers Online Course recently) which we believe is a step in right direction as digital learning is expected to become even more relevant post Covid-19.

Click on the attachment to read the full report:

Prabhudas Lilladher Navneet Q1FY22 Result Update.pdf

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