*Navneet Education Ltd.* | *CMP* Rs. 108 | *M Cap* Rs. 2443 Cr | *52 W H/L* 122/72
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 239.2 Cr (-27% QoQ, 46.1% YoY) vs QoQ Rs. 327.9 Cr, YoY Rs. 163.7 Cr
EBIDTA came at Rs. 23.2 Cr (-60.5% QoQ, 1533.8% YoY) vs QoQ Rs. 58.7 Cr, YoY Rs. 1.4 Cr
EBITDA Margin came at 9.7% vs QoQ 17.9%, YoY 0.9%
Adj. PAT came at Rs. 5.6 Cr vs QoQ Rs. 32.1 Cr, YoY Rs. -22.1 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 11x FY23E EPS