The board meeting commenced at 11:30 a.m. and concluded at 1:50 p.m.
Standalone Financial Results (Q1 FY27)
Income:
- Revenue from operations: ₹785 crore (vs. ₹792 crore in Q1 FY26)
- Other income: ₹5 crore (vs. ₹8 crore in Q1 FY26)
- Total Income: ₹790 crore (vs. ₹800 crore in Q1 FY26)
Expenses:
- Cost of materials consumed: ₹235 crore
- Changes in inventories: ₹156 crore
- Manufacturing Expenses: ₹35 crore
- Employee benefits expense: ₹76 crore
- Finance Costs: ₹4 crore
- Depreciation and Amortisation: ₹5 crore
- Sales and Marketing expense: ₹19 crore
- Other expenses: ₹43 crore
- Total Expenses: ₹604 crore
Profitability:
- Profit before exceptional items and tax: ₹186 crore (vs. ₹216 crore in Q1 FY26)
- Exceptional items [net]: ₹14 crore
- Profit before tax: ₹200 crore (vs. ₹216 crore in Q1 FY26)
- Tax Expense: ₹52 crore (Current: ₹53 crore, Deferred: ₹(1) crore)
- Profit for the period: ₹148 crore (vs. ₹161 crore in Q1 FY26)
- Other Comprehensive Income: ₹10 crore
- Total Comprehensive Income: ₹158 crore
Capital Structure & EPS:
- Paid-up Equity Share Capital: ₹44 crore (Face Value ₹2 per share)
- Basic EPS: ₹6.73 (vs. ₹7.26 in Q1 FY26)
- Diluted EPS: ₹6.73 (vs. ₹7.26 in Q1 FY26)
Segment-wise Performance (Standalone)
Revenue:
- Publishing Content: ₹405 crore
- Stationery Products: ₹380 crore
- Others (windmill, etc.): ₹5 crore
- Total Segment Revenue: ₹790 crore
- Less: Inter Segment Revenue: ₹5 crore
- Total Revenue: ₹785 crore
Segment Results:
- Publishing Content: ₹163 crore profit
- Stationery Products: ₹38 crore profit
- Others: ₹1 crore profit
- Total Segment Result: ₹202 crore
Consolidated Financial Results (Q1 FY27)
Income:
- Revenue from operations: ₹788 crore
- Other income: ₹5 crore
- Total Income: ₹793 crore
Profitability:
- Profit before share of profit of associates and tax: ₹179 crore
- Share of Profit/(Loss) of associates: Not quantified (#)
- Profit before exceptional items and tax: ₹179 crore
- Exceptional items [net]: ₹14 crore
- Profit before tax: ₹193 crore
- Tax Expense: ₹52 crore
- Profit for the period: ₹141 crore
- Other Comprehensive Income: ₹10 crore
- Total Comprehensive Income: ₹151 crore
EPS & Attribution:
- Profit attributable to Owners of the parent: ₹141 crore
- Basic EPS: ₹6.41
- Diluted EPS: ₹6.41
Subsidiaries and Associates
The consolidated results include:
- Indiannica Learning Private Limited (Subsidiary)
- Navneet (HK) Limited (Subsidiary)
- Navneet Tech Ventures Private Limited (Subsidiary)
- Brick N Click Inc. (Subsidiary)
- Navneet Global (FZE) (Subsidiary)
- Navneet Learning LLP (Subsidiary entity)
- Carveniche Technologies Private Limited (Associate Company)
Subsequent Events
- Navneet Learning LLP has entered into an arrangement for divestment of its partial stake in K12 Techno Services Private Limited for an expected consideration of ₹30 crores. The transaction is subject to satisfaction of customary conditions.
- The Board approved a Composite Scheme of Arrangement between Indiannica Learning Private Limited and Navneet Education Limited for merging the 'Publishing Business' of ILPL into NEL. The scheme is subject to requisite approvals from NCLT, Mumbai Bench.
Auditor's Review
N. A. Shah Associates LLP conducted a limited review of both standalone and consolidated financial results and concluded that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.