Navneet Education Limited has informed the Exchange that the Board of Directors has recommended Dividend of Rs 1.50 (i.e. 75%) per equity share having face value of Rs. 2/- each for the financial year 2024-25. The dividend, so recommended, if declared will be paid within 30 days from its approval by the Shareholders at the ensuing Annual General Meeting of the Company.
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Navneet Education's board has approved audited FY25 results and recommended a final dividend of Rs 1.50 per share (75% on Rs 2 face value), subject to shareholder approval at the AGM, to be paid within 30 days. Standalone FY25 revenue from operations grew modestly to Rs 1,73,348 lakhs (vs Rs 1,69,310 lakhs in FY24), while profit before exceptional items and tax rose to Rs 26,373 lakhs (vs Rs 23,716 lakhs). Reported standalone profit after tax surged to Rs 80,073 lakhs (vs Rs 18,853 lakhs), boosted by an exceptional gain of Rs 60,400 lakhs from the partial divestment of associate K12 Techno Services. Standalone EPS jumped to Rs 35.86 from Rs 8.33. Consolidated FY25 profit stood at Rs 80,378 lakhs (vs Rs 25,174 lakhs), with EPS of Rs 33.97. The company also completed a Rs 10,000 lakhs buyback at Rs 200/share earlier in FY25 and is setting up a wholly-owned US subsidiary.
The Rs 1.50 dividend is a sharp cut from the prior year's payout (about Rs 4 per share level), which may disappoint income-focused investors, though the hefty K12 divestment gain and strong EPS expansion are positives for the stock. Short-term sentiment could be mixed given the dividend cut despite the headline profit surge being largely exceptional.