Navneet Publications Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 23, 2013 at 10:31 pm IST
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Navneet Publications (India) Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales /income from operations was INR 1,248.8 million compared to INR 811.3 million a year ago. Profit from operations before other income interest and exceptional items was INR 179.1 million compared to INR 38.8 million a year ago. Profit from ordinary activities before tax was INR 180.4 million against INR 49.0 million a year ago. Net profit was INR 112.4 million or INR 0.47 per basic and diluted share before and after extraordinary items compared to net profit of INR 40.1 million or INR 0.17 per basic and diluted share before and after extraordinary items a year ago.
For the nine moths, net sales /income from operations was INR 6,241.0 million compared to INR 4,904.7 million a year ago. Profit from operations before other income interest and exceptional items was INR 1,483.5 million compared to INR 1,101.8 million a year ago. Profit from ordinary activities before tax was INR 1,450.8 million against INR 1,129.6 million a year ago. Net profit was INR 977.7 million or INR 4.10 per basic and diluted share before and after extraordinary items compared to net profit of INR 766.0 million or INR 3.22 per basic and diluted share before and after extraordinary items a year ago.
Navneet Education Limited is engaged in manufacturing and trading of education books, reference books, technical and professional books in paper form and e-learning form. It also manufactures paper and non-paper-based stationery products. Its segments include Publication, Stationery, Edtech and Others. It offers a comprehensive set of educational materials through its publications and on its EdTech platforms. Its Edtech platforms include TopSchool, TopScorer, TopClass and BeMasterly. Its product lineup encompasses various segments, catering to students studying on state boards, Central Board of Secondary Education (CBSE), and Indian Certificate of Secondary Education (ICSE). The Publishing segment consists of supplementary books such as workbooks, guides, and question banks based on the prescribed syllabus by state education boards under the Vikas and Gala brands. Its Stationery segment consists of paper-based and non-paper-based stationery under the Navneet and Youva brands.