Navneet Education Q1 Review - Traction Evident In Stationary Exports: Prabhudas Lilladher
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.