Nava Bharat net up 119% at Rs 126.91 cr

The company recorded a net profit of Rs 126.91 crore for the quarter, as against Rs 57.96 crore in the corresponding quarter last year. Total income stood at Rs 292.97crore, as compared with Rs 174.75 crore in the comparable quarter a year ago, reflecting a growth of 67.65 per cent. "The higher profitability was largely driven by the robust phase of growth that the ferro alloys industry is going through globally," GRK Prasad, director (finance and corporate affairs), told Business Standard.