Navneet Education Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Navneet Education reported standalone revenue from operations of Rs. 1,683 Crores for FY26, down 2.9% from Rs. 1,733 Crores in FY25. Profit after tax declined significantly to Rs. 296 Crores from Rs. 801 Crores in the prior year, a fall of about 63%. The sharp decline in profitability is partly due to exceptional items reducing from Rs. 604 Crores (including large K12 divestment gains) to Rs. 127 Crores in FY26. The company declared a second interim dividend of Rs. 1.50 per share (75%). The auditor issued an un-modified (clean) opinion on both standalone and consolidated results. On a consolidated basis, revenue was Rs. 1,721 Crores with PAT of Rs. 369 Crores versus Rs. 804 Crores in FY25.
The sharp drop in PAT and EPS is largely due to the prior year benefiting from exceptional gains on divestment, while current year exceptional items are significantly lower. Revenue decline in both standalone and consolidated results signals underlying business weakness that investors should monitor closely.