Investor Presentaiton

Outlook NEL's ability to significantly expand its footprint in states other than Maharashtra and Gujarat and make inroads in other national (CBSE and ICSE) and state level boards amidst the competitive business environment will be the key positives. Ability of the company to stabilize the business operations of the subsidiaries and increase its exposure from the digital segment. The formal education segment's growth should rebound to 10-12% over the medium term on the back of urbanisation, increasing enrolment in the tertiary segment, and economic rebound. In the meantime, recovery in fees collection and cash flow management will remain monitorable 26

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