Navneet Education zooms on reporting over 4-fold jump in Q1 consolidated net profit
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Navneet Education is currently trading at Rs. 115.05, up by 9.50 points or 9.00% from its previous closing of Rs. 105.55 on the BSE.
The scrip opened at Rs. 126.65 and has touched a high and low of Rs. 126.65 and Rs. 112.90 respectively. So far 439847 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 126.65 on 3-Aug-2022 and a 52 week low of Rs. 81.20 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 126.65 and Rs. 103.50 respectively. The current market cap of the company is Rs. 2586.75 crore.
The promoters holding in the company stood at 63.31%, while Institutions and Non-Institutions held 15.66% and 21.03% respectively.
Navneet Education has reported over 3-fold jump in its net profit at Rs 149.72 crore for the quarter ended June 30, 2022 as compared to Rs 44.54 crore for the same quarter in the previous year. Total income of the company increased by 2-fold at Rs 687.52 crore for Q1FY23 as compared Rs 325.17 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 4-fold jump in its net profit at Rs 138.56 crore for the quarter ended June 30, 2022 as compared to Rs 32.12 crore for the same quarter in the previous year. Total income of the company increased by 2-fold at Rs 697.97 crore for Q1FY23 as compared Rs 334.56 crore for the corresponding quarter previous year.
