S Chand Publishing reports Rs 576 million net profit in FY23

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.

IBNS • 31 May 2023, 12:21 am

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.