Quarterly Results: Navkar Corporation Ltd
Bhagyashree Vivarekar / 25 Nov 2016
Navkar Corporation Ltd ended at Rs. 179.35, up by 5.35 points or 3.07% from its previous closing of Rs. 174 on the BSE. Company's net profit for the quarter has surged 12.3% yoy to Rs 22 cr.
Technical View:
Navkar Corporation Ltd ended at Rs. 179.35, up by 5.35 points or 3.07% from its previous closing of Rs. 174 on the BSE.
The scrip opened at Rs. 174.85 and touched a high and low of Rs. 181.25 and Rs. 173 respectively.
Consolidated Results Q2FY17:
Navkar Corporation’s Q2FY17 consolidated revenue for the quarter has soared by 5.2% yoy to Rs 90 cr.
EBITDA for the period has surged 13.2% yoy to Rs 34 cr with an EBITDA margin improvement of 269 bps to 37.8% owing to foreign exchange movements. The company had a net foreign exchange gain of Rs 0.63 cr this quarter against a loss of Rs 6.91 cr during Q2FY16.
Company's net profit for the quarter has surged 12.3% yoy to Rs 22 cr. The difference in EBITDA level performance was due to a 20% yoy depletion in other income.
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