Navkar Corporation Q2 Results: Revenue Jumps 43% YoY

Navkar Corporation announced its financial results for the quarter ended September 30, 2024, highlighting a substantial 43% YoY revenue growth. The company posted consolidated revenue of ₹136.01 crore, compared to ₹95.37 crore in Q2FY24, with net profit slightly increasing to ₹2.2 crore. The positive performance has resulted in strong market activity, with shares rising nearly 5% intraday on the BSE.

Navkar Corp. Q2FY25 - Quick Insights:

• Revenue: ₹136.01 crore, up by 42.6% YoY.
• Net Profit: ₹2.2 crore, up from ₹2.1 crore YoY.
• EPS: ₹-1.23, based on a trailing twelve-month PE of -103.05.
• Segment Performance: Strong performance in container logistics and rail terminal services.
• Management's Take: "Robust growth driven by enhanced logistics services and increased container handling capacity."
• Stock Reaction: Shares rose nearly 5% intraday; currently trading down by 1.78% post-results.

Navkar Corp. Management Commentary

Navkar Corporation attributed its growth to the strong demand for integrated logistics services and improved efficiency in its container freight and rail terminal operations.

Navkar Corp’s facilities, designed to handle high-capacity cargo and temperature-sensitive goods, have supported this expansion, and management expressed confidence in sustaining momentum with further growth initiatives.

Stock Market Reaction

Following the earnings release, Navkar Corporation shares surged as high as ₹128.60 on the BSE, reflecting nearly a 5% intraday gain. However, by 10:44 AM, the stock had retraced some gains, trading at ₹89.20, down by 1.78%. The broader BSE Sensex was up by 0.55% during the same period, indicating positive market sentiment despite fluctuations in individual stocks.

Navkar Corporation Updates & Upcoming News Q2-FY25

Navkar Corporation, with a market capitalization of ₹1,907.83 crores, is a major player in India’s logistics sector, providing services such as container freight, inland depot management, and rail terminal operations. The company currently operates three Container Freight Stations with an annual capacity of over 535,000 TEUs. With recent expansions and a focus on integrated logistics solutions, Navkar Corporation has positioned itself for continued growth. Additionally, the company announced a strategic plan to further expand logistics services, aiming to enhance value for its stakeholders in the coming quarters.