Navneet Education Q3 results: PAT Rs 117 Cr on exceptional gain from K12 investment
NAVNETEDUL · price
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Q3 FY26 standalone revenue fell to Rs 251 Cr from Rs 280 Cr YoY, with core operations posting a loss of Rs 13 Cr before exceptional items. Reported PAT jumped to Rs 117 Cr versus Rs 26 Cr, boosted by a net exceptional gain of Rs 119 Cr. This includes Rs 210 Cr profit share from Navneet Learning LLP on fair valuation gain in K12 Techno, offset by Rs 68 Cr impairment in Navneet Futuretech and Rs 23 Cr gratuity provision under new Labour Code. For 9M FY26, revenue declined to Rs 1,289 Cr from Rs 1,345 Cr. Company incorporated a UAE subsidiary and approved demerger of Indiannica Learning's publishing business into Navneet. Quarter EPS at Rs 5.30.
Core revenue and operating profit declined, but reported PAT lifted by one-off valuation gains. Watch core business recovery and future impairments.