Navneet Education Q2 FY27 Revenue Up 31.7% YoY

Mr. Gnanesh (Sunil) Gala, Managing Director, provided performance highlights:

Q2 FY27 top line grew 31.7% YoY from ₹246 Cr to ₹324 Cr
Publication revenue grew 53.8% YoY to ₹140 Cr vs ₹91 Cr previously, primarily due to spillover of Q1 revenue to Q2
H1 FY27 publication revenue grew 6.7% from ₹510 Cr to ₹544 Cr
Curriculum change cycle that began in FY26 expected to continue for next 2 financial years
Higher grades changing in coming years expected to contribute higher revenue share
Stationery revenue grew 18.7% YoY to ₹184 Cr
Domestic stationery grew 34.2% to ₹52 Cr
Export stationery grew 13.6% to ₹132 Cr
Exports expected to see U-shaped recovery subject to supply chain disruptions, geopolitical challenges, and global demand conditions

Revenue from Operations: 324 (vs 246 in Q2 FY26, +31.7%)
EBITDA: 20 (vs 8 in Q2 FY26, +150.0%)
EBITDA Margin: 6.2% (vs 3.3%)
EBIT: 3 (vs -5 in Q2 FY26)
EBIT Margin: 0.9% (vs -2.0%)
Profit Before Tax: 3 (vs -8 in Q2 FY26, +137.5%)
Profit Before Tax Margin: 0.9% (vs -3.3%)
Profit After Tax: 6 (vs -6 in Q2 FY26, +200.1%)
Profit After Tax Margin: 1.9% (vs -2.4%)
EPS: ₹0.3 (vs -₹0.3)

Revenue from Operations: 1,109 (vs 1,038 in H1 FY26, +6.84%)
EBITDA: 224 (vs 239 in H1 FY26, -6.28%)
EBITDA Margin: 20.2% (vs 23.0%)
EBIT: 193 (vs 217 in H1 FY26, -11.06%)
EBIT Margin: 17.4% (vs 20.9%)
Profit Before Tax: 203 (vs 208 in H1 FY26, -2.40%)
Profit Before Tax Margin: 18.3% (vs 20.0%)
Profit After Tax: 154 (vs 155 in H1 FY26, -0.64%)
Profit After Tax Margin: 13.9% (vs 14.9%)
EPS: ₹7.0 (vs ₹7.0)

Revenue from Operations: 324 (vs 247 in Q2 FY26, +31.2%)
EBITDA: 11 (vs 1 in Q2 FY26, +1000.0%)
EBITDA Margin: 3.4% (vs 0.4%)
EBIT: -7 (vs -13 in Q2 FY26)
EBIT Margin: -2.2% (vs -5.3%)
Profit Before Tax: -4 (vs -17 in Q2 FY26)
Profit Before Tax Margin: -1.2% (vs -6.9%)
Profit After Tax: -3 (vs -15 in Q2 FY26)
Profit After Tax Margin: -0.9% (vs -6.1%)
EPS: -₹0.2 (vs -₹0.7)

Revenue from Operations: 1,112 (vs 1,041 in H1 FY26, +6.8%)
EBITDA: 209 (vs 228 in H1 FY26, -8.3%)
EBITDA Margin: 18.8% (vs 21.9%)
EBIT: 177 (vs 205 in H1 FY26, -13.7%)
EBIT Margin: 15.9% (vs 19.7%)
Profit Before Tax: 189 (vs 195 in H1 FY26, -3.1%)
Profit Before Tax Margin: 17.0% (vs 18.7%)
Profit After Tax: 138 (vs 142 in H1 FY26, -2.8%)
Profit After Tax Margin: 12.4% (vs 13.6%)
EPS: ₹6.2 (vs ₹6.5)

Q2 FY27 Standalone:

₹2.3 Cr (net of expenses) towards share of fair value gain on investment in K12 by NLLP
₹0.5 Cr fair value for investment in CP capital and Career Point Edutech

H1 FY27 Standalone:

Reversal of provision for leave encashment due to change in wage definition: ₹10 Cr
₹2.3 Cr (net of expenses) towards share of fair value gain on investment in K12 by NLLP
₹5 Cr fair value for investment in CP capital and Career Point Edutech

Q2 FY27 Consolidated:

₹6 Cr (net of expenses) towards share of fair value gain on investment in K12 by NLLP
₹0.5 Cr fair value for investment in CP capital and Career Point Edutech

H1 FY27 Consolidated:

Reversal of provision for leave encashment due to change in wage definition: ₹10 Cr
₹6 Cr (net of expenses) towards share of fair value gain on investment in K12 by NLLP
₹5 Cr fair value for investment in CP capital and Career Point Edutech

Q2 FY27 vs Q2 FY26: