Navneet Education Limited has submitted its Q3 FY26 presentation for analysts and institutional investors, detailing its standalone and consolidated un-audited financial results for the quarter and nine months ended December 31, 2025. For the third quarter of FY26, the company reported a revenue decline of 10.4%, amounting to ₹251 crore, compared to ₹280 crore in Q3 FY25. This decrease was attributed to anticipated curriculum changes in Maharashtra and Gujarat, which were minimal in the first year of the cycle, and a decline in exports to the USA. However, the domestic stationery business demonstrated strong performance with a 21% growth. The publication business did not receive an institutional order in Q3 FY26, unlike in the corresponding quarter of the previous fiscal year. The company is investing in new facilities and talent for its domestic non-paper stationery business, leading to increased expenses that have impacted segment margins. On the exports front, Navneet Education is working on strategies to resolve tariff issues and plans to open a manufacturing facility in the UAE, expected to be operational by Q2 FY27. The company also highlighted its progress with NavneetAI, India's first custom education model, which is being piloted in over 300 schools with more than 1,000 teachers. This AI initiative focuses on empowering teachers, enhancing student learning experiences, and building AI readiness within Navneet. Standalone performance for Q3 FY26 showed Revenue from Operations at ₹251 crore, down from ₹280 crore in Q3 FY25. EBITDA stood at ₹4 crore, a significant drop from ₹29 crore in the prior year. Profit Before Tax was ₹106 crore, an increase from ₹31 crore in Q3 FY25, primarily due to an exceptional gain of ₹119 crore. For the nine months ended FY26, Revenue from Operations was ₹1,289 crore, a decrease from ₹1,345 crore in FY25, with Profit Before Tax at ₹314 crore compared to ₹831 crore in the previous year, also impacted by exceptional items. Consolidated performance for Q3 FY26 reported Revenue from Operations at ₹250 crore, down from ₹282 crore in Q3 FY25. EBITDA was negative at ₹-8 crore, compared to ₹18 crore in the prior year. Profit Before Tax surged to ₹215 crore from ₹24 crore in Q3 FY25, largely due to an exceptional gain of ₹241 crore. For the nine months ended FY26, Revenue from Operations was ₹1,291 crore, a decrease from ₹1,352 crore in FY25, with Profit Before Tax at ₹410 crore compared to ₹886 crore in the previous year, influenced by exceptional items.
