Education Sector Q1 Results Preview - High Paper Prices Act As A Dampener: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Education companies under our coverage universe are expected to report 12.2% YoY growth in top-line amid expected fillip in volumes as students have started returning back from government schools to private schools post Covid-19. However, Ebitda margins will remain under pressure due to higher paper prices (wholesale price index for printing and writing paper is up 8% YoY excluding the data for June 2023 which is not published as yet). We believe book publishers are at the cusp of entering a golden era as pre-draft of National Curriculum Framework for school education was released recently and final recommendations will be ready by end of June. NCF implementation will make second hand books market redundant and result in significant price and volume delta for both Navneet Education Ltd. and S Chand and Co Ltd.We prefer S Chand at current levels as business has turned turnaround and there is no overhang of EdTech losses (Navneet Education will be seeding losses of Rs 650 million in FY24E) that can negate National Education Policy delta. .Click on the attachment to read the full report:.Automobiles Q1 Results Preview - Signs Of Growth Moderation Visible In Most Segments: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Education Sector Q1 Results Preview - High Paper Prices Act As A Dampener: Prabhudas Lilladher

Sector re-rating hinges on National Curriculum Framework roll-out; implementation time-line eyed.

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