S. Chand Group soars to new heights— here's a look at the educational publisher's impressive milestones

S. Chand Group, a prominent Indian publishing and education services company, recently made headlines as it burst onto the price volume chart on August 24, 2023. The stock's remarkable surge of 14 percent not only marked a fresh 52-week high but also drew attention due to trading volumes that were five to six times higher than usual. This surge was not an isolated event; rather, it is part of a larger narrative of impressive achievements and growth for the company.

In the first quarter of this financial year, S. Chand Group reported impressive earnings. Year-on-year (YoY) revenue growth saw a notable increase of 3.5 percent, a significant accomplishment in itself. However, what truly stands out is that this represents the highest-ever revenue growth for the company in the first quarter. Further bolstering their financial strength, gross margins remained consistently high at 68-69 percent.

Additionally, S. Chand Group made significant strides in its financial stability. The company's net working capital days decreased by a substantial 19 days, demonstrating improved efficiency in managing its resources. Most notably, the company achieved an important milestone by becoming debt-free as well. With a cash balance of approximately Rs 55 crore, S. Chand Group now enjoys a strong financial position.