Live Breaking News & Updates on 022s Chand Have Developed Books Based On The New Ncf For Classesk 2 They Would Be Sold During Ongoing Sales Season Of January March 2023 Company Expects More Announcements Curriculum Remaining Classes To Come In Near Future Timing These Havea Positive Impact Our Fy24 25 Financials Accordingly Saurabh Mittal

New Delhi [India], February 14 (ANI/PRNewswire): S Chand and Company Limited, one of India's leading education content companies and market leaders in the K-12 segment, has announced robust financial numbers for the quarter Q3FY23 and 9 Months FY23. HIGHLIGHTS OF CONSOLIDATED BUSINESS Consolidated business represents the performance of S Chand and its subsidiaries (S Chand Group) The Company is in a seasonal industry where the 4th quarter contributes over 80% of the annual revenues coinciding with the start of the academic year. 9MFY23 has been the best ever 9M performance in the company's history. S Chand saw the following highlights during the quarter-: - On a CY22 basis, the company reported a PAT of Rs. 812m (EPS: Rs. 23/share). - The company is witnessing strong and resurgent demand in the current sales season of January 2023 - March 2023. - Reports Highest ever 9M Sales in company's history. - Reports Lowest ever 9M EBITDA Losses. 9M EBITDA losses reduced by 38% YoY. ....

New Delhi , India General , Saurabh Mittal , S Chand Group , Our Group , Foundation Stage , National Curriculum Framework , Company Limited , Lowest Receivable , Lowest Net Working Capital , West Bengal State Board , Higher Education , New Delhi India , Ebruary 14 Ani Prnewswires Chand And Company Limited , Ne Of India 39s Leading Education Content Companies And Market Leaders In Thek 12 Segment , As Announced Robust Financial Numbers For The Quarter Q3fy23 And 9 Months Fy23 Highlights Of Consolidated Business Represents Performance Ofs Chand Its Subsidiariess Group Company Is Ina Seasonal Industry Where 4th Contributes Over 80 Annual Revenues Coinciding With Start Academic Year 9mfy23 Has Been Best Ever 9m In 39s Historys Saw Following During Ona Cy22 Basis , He Company Reporteda Pat Of Rs 812m Eps 23 Share The Is Witnessing Strong And Resurgent Demand In Current Sales Season January 2023 March Reports Highest Ever 9m 39s History Lowest Ebitda Losses Reduced By 38 Yoy Reduction 62 Receivable Days Past 5 Years One Net Working Capital Other Key Updates 1 Made Its 2nd Profitable Exit This Year Selling Minority Stake Ineuron For Approx 14 Crore During Quarter Translates Intoa 2 1x Return On Original Investment 7 Crores December 2021 Had Earlier Exited From Testbook With An 8x July 2022 Government Announced Ncf Foundation Stage Ie Classesk October , 022s Chand Have Developed Books Based On The New Ncf For Classesk 2 They Would Be Sold During Ongoing Sales Season Of January March 2023 Company Expects More Announcements Curriculum Remaining Classes To Come In Near Future Timing These Havea Positive Impact Our Fy24 25 Financials Accordingly Saurabh Mittal , Fs Chand And Company Limited , Ommenting On The Successful Result , Uot We Are Pleased To Announce Strong Revenue Growth Figures And Massive Reduction In Losses Over During The April December Period Previous Years Our Group Stands Asa Leader , Ith Multiple Established Brands Likes Chand , Nd Saraswati We Not Only Excel In The Cbse Icse Boards But Also Area Leader West Bengal State Board Segment Pride Ourselves On Our Long Standing Relationships With Prominent Authors That Run Into Decades During Quarter , E Saw The Launch Of National Curriculum Framework Or Ncf Covering Classes From Pre Primary To Class 2 In October , 022 We See Strong Growth Potential For At Least Two To Three Years On Back Of The New Curriculum Which Would Be Created These Announcements Quot He Added , Uot We Are Pleased With The Improvement Of Working Capital Metrics Over Past Year Which Has Helped Reduce Debt Substantially Look Forward Toa Strong End To Fy23 On Back Traction That Seeing During Ongoing Sales Season From January 2023 March Quots Chand Is One India 39s Leading Education Content Companies Aims Bring People And Knowledge Together Company Delivers Across Length Breadth Country Established Brands Likes ,