Prabhudas Lilladher has come out with its second quarter (July-September’ 24) earnings estimates for the Education sector. The brokerage house expects Navneet Education to report net profit at Rs. 3.6 crore (down 97.5% quarter-on-quarter).
Net Sales are expected to decrease by 0.6 percent Y-o-Y (down 58.6 percent Q-o-Q) to Rs. 327.9 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 43.7 percent Y-o-Y (down 91.2 percent Q-o-Q) to Rs. 18.4 crore.
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