November 04, 2024 23:45 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | PM Modi slams INDIA block for its silence over Sena UBT leader's sexist remark against Shaina NC | PDP member brings anti-Article 370 resolution in J&K assembly; BJP resists, CM Abdullah says only govt can do it
S Chand Publishing reports Rs 576 million net profit in FY23

S Chand Publishing reports Rs 576 million net profit in FY23

| @indiablooms | 31 May 2023, 12:20 am

New Delhi: S Chand Publishing reported a net profit of Rs 576 million in FY23 while the company achieved a significant milestone by becoming net debt-free in April 2023, with a net debt of Rs 60 million and a gross debt of Rs1,268 million.

The company's working capital metrics reached their highest levels in its history, indicating efficient management of its operational funds.

The company's consolidated revenues reached an impressive Rs 6103 million, reflecting its robust business operations and market demand for its educational products.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at Rs 963 million, highlighting the company's profitability and operational efficiency.

Another noteworthy development was the reinstatement of the company's annual dividend after FY18, indicating its commitment to delivering value to its shareholders.

With a strong foothold in CBSE/ICSE affiliated schools and WBSE affiliated schools, S Chand and Company has expanded its presence in state board affiliated schools across India, contributing to its growth and market penetration.

The company's extensive portfolio boasts more than 11,000 book titles, catering to diverse educational needs.

S Chand and Company also established a robust distribution system through over 3000+ channel partners, ensuring its products reach schools and educational institutions effectively.

Additionally, the company has made strides in international markets by exporting print content to over 20 countries and digital content to 5 countries, demonstrating its global reach and expansion.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.