Navneet Publications (India) Limited, a leading Educational publishers have announced quarterly results for the quarter ended 30th June, 2004. The turnover of the Company has increased from Rs.137.64 Crores to Rs.147.16 Crores. The other income increased from Rs.75 Lacs to Rs.110 Lacs. Profit after tax was marginally down from Rs.24.65 Crores in the corresponding quarter last year to Rs.24.17 Crores.

The operating level performance of the Company was better in the quarter as compared to the corresponding quarter. However, due to revalorisation of outstanding Foreign Currency loan and forward cover as per Accounting Standard (AS11) issued by ICAI, amount of Rs.564 Lacs was debited as against gain of Rs.4.44 lacs in the corresponding quarter.