Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Education sector. The brokerage house expects Navneet Education to report net profit at Rs. 39.1 crore up 73.6% year-on-year (down 73.9% quarter-on-quarter).
Net Sales are expected to increase by 36.7 percent Y-o-Y (down 54.1 percent Q-o-Q) to Rs. 313.2 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 77.1 percent Y-o-Y (down 72.7 percent Q-o-Q) to Rs. 56.4 crore.