Navkar Corporation Ltd Share Price – NSE  / BSE

Logistics, Small Cap

The Board of Navkar Corporation at its meeting held on 06 November 2024 has approved the appointment of Amit Garg (DIN: 00350413) as an Additional Director in the capacity of Whole-Time Director with immediate effect i.e 06 November 2024.

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Net loss of Navkar Corporation reported to Rs 2.30 crore in the quarter ended September 2024 as against net profit of Rs 2.11 crore during the previous quarter ended September 2023. Sales rose 40.75% to Rs 133.12 crore in the quarter ended September 2024 as against Rs 94.58 crore during the previous quarter ended September 2023.

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Revenue from operations stood at Rs 133.12 crore in second quarter of FY25, up 40.75% as compared with Rs 94.58 crore posted in same quarter previous year.

The company posted a pre-tax loss of Rs 1.96 crore in Q2 of FY25 as compared with a profit before tax of Rs 3.52 crore posted in Q2 FY24.

Total expenses jumped 48.87% YoY to Rs 136.75 crore in September 2024 quarter. Employee benefits expenses stood at Rs 10.67 crore (up 15.9% YoY) and finance costs stood at Rs 5.82 crore (up 192.46% YoY) during the quarter under review.

Navkar Corporation is engaged in providing Container Freight Station (CFS) facilities and Inland Container Depot (ICD) and is focused on capitalizing the available opportunities in the logistics space in western India. Our CFS is largely dependent on EXIM container traffic in and out of western Indian port.

Shares of Navkar Corporation rallied 3.66% to Rs 127.95 on the BSE.

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Navkar Corporation has revised the meeting of the Board of Directors which was scheduled to be held on 9 October 2024. The meeting will now be held on 8 October 2024.

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