Navkar Corporation reports dismal Q2 numbers

Navkar Corporation reported standalone net loss of Rs 2.29 crore in Q2 FY25 as compared with net profit of Rs 2.10 crore reported in Q2 FY24.

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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