Navkar Corporation Q2 Results Revenue Grows to ₹133.12 Crores Amid Profit Loss

Navkar Corporation Q2 Results: In the Q2 results for Navkar Corporation, we can see significant changes in their financial performance. The Total Revenue for September 2024 (Sep 24) was ₹133.12 crores, which is higher than the ₹105.53 crores recorded in June 2023 (Jun 23). This shows a positive quarter-on-quarter (QoQ) increase in revenue. However, when we look at the year-over-year (YoY) performance, the revenue has also grown compared to ₹94.58 crores in September 2023 (Sep 23). This YoY increase suggests that the company is performing better than it did a year ago.

Navkar Corporation’s Net Income showed a decline. In Sep 24, the company reported a loss of ₹2.30 crores, compared to a profit of ₹3.73 crores in Jun 23. This reflects a negative change in QoQ performance. Year-over-year, there was also a drop in net income since it was a profit of ₹2.11 crores in Sep 23. So, while the revenue figures are improving YoY, the profits are falling both QoQ and YoY. Overall, Navkar Corporation's results indicate growth in revenue, but challenges in maintaining profitability, with both YoY and QoQ comparisons highlighting these issues.

Here are the Q2 results for Navkar Corporation, presented in a simple table format:

Source: Here 

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Navkar Corporation Q2 Results

Navkar Corporation earned ₹13,311.96 lakhs from its operations in the most recent quarter, which is higher than the previous quarter's earnings of ₹11,762.84 lakhs. This indicates growth in their business activities. The total income for the half-year is ₹25,492.32 lakhs, showing a significant increase from ₹20,129.58 lakhs in the same period last year. However, despite the increase in income, the company faced high expenses, totaling ₹27,045.27 lakhs for the half-year, which is much higher than the previous year's expenses. 

This led to a loss before tax of ₹2,164.04 lakhs for the half-year, compared to a profit of ₹981.86 lakhs the previous year. The earnings per share (EPS) for continuing operations were negative, indicating a loss for shareholders. Overall, while Navkar Corporation is growing its revenue, it needs to manage its expenses better to achieve profitability in the future.

Here's a summary of the unaudited financial results for the quarter and half-year ended September 30, 2024. This overview includes key figures for income, expenses, and profits.

(in INR Lakhs)

Navkar Corporation Financial Performance

Navkar Corporation is a company based in India that operates in the logistics and transportation sector. It provides services like container handling, cargo transportation, and warehousing. The company plays an essential role in improving the supply chain and facilitating trade by managing the movement of goods efficiently. Navkar Corporation has seen fluctuations in its stock price, with a current price of ₹125, a market cap of ₹1,888 crore, and a high of ₹164 and low of ₹55.6 over a specific period. 

Here’s a summary table based on the data you provided:

Quarterly Results 

In the financial results for Navkar Corporation from March to September 2024, we see several key figures. In March 2024, the company reported sales of ₹117.92 crores with a profit before tax of ₹2.02 crores. However, the tax percentage was extremely negative at -259.41%, indicating possible adjustments or prior losses affecting tax calculations, leading to a net profit of ₹7.26 crores. In June 2024, sales slightly decreased to ₹117.63 crores, but the operating profit dropped significantly to just ₹2.06 crores, resulting in a net loss of ₹13.07 crores. By September 2024, sales rose to ₹133.12 crores, yet the company still reported a loss of ₹2.30 crores, highlighting ongoing challenges despite improving sales figures.

Here’s the transposed table for the specified quarters (Mar 2024, Jun 2024, Sep 2024) with the particulars:

(Standalone Figures in Rs. Crores)

About Navkar Corporation 

Navkar Corporation is a logistics company based in India that focuses on helping businesses with their transportation needs, both for international trade (EXIM) and domestic trade. The company has built a strong logistics network that connects major ports and railway lines, making it easier for goods to move efficiently. They have three Container Freight Stations (CFS) in Panvel, with large capacities to handle thousands of containers. 

One of these facilities also has a Private Freight Terminal with two railway tracks. Navkar holds a special license that allows them to operate freely on the Indian Railways, giving them an advantage in transporting goods. They also own and lease many railway rakes to support their operations. Additionally, they have an Inland Container Depot (ICD) in Morbi, Gujarat, located in a key area for ceramic manufacturing, which helps in transporting goods to different parts of India.