Navneet Education Q4 Review - Deja Vu; Second Wave Coincides With Academic Cycle: 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
While our FY22E estimates have undergone a massive change as second Covid-19 wave has coincided with start of the academic session (similar to first wave); the extent of earnings cut for FY23E is not that steep as we expect normalcy to set in by next academic cycle.
Though near term outlook is uncertain, management hinted that FY22E is likely to be much better than FY21 on revenue front as -
- staggered opening is expected by June/July in Maharashtra and Gujarat and
- demand in stationary export business (sales expected to be at FY20 levels of ~Rs 5 billion odd) continues to remain strong.
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.