Latest news with #NavkarCorporation
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Business Standard
22-07-2025
- Business
- Business Standard
JSW Infra's Q1FY26 results: Profit jumps 31% amid cargo volume growth
Sajjan Jindal-promoted JSW Infrastructure (JSW Infra) posted a year-on-year (YoY) increase of 31.54 per cent in its profit (attributable to the owners of the company) for Q1 FY26 amid a 5 per cent growth in the cargo volume handled by the company, helped by the integration of Navkar Corporation. The company's profit stood at Rs 384.68 crore, marginally missing the Bloomberg analysts' poll estimate of Rs 387 crore. Meanwhile, the cargo volumes handled by the company stood at 29.4 million tonnes. The cargo volume increase in the quarter was driven by the robust performance at the company's coal terminals, along with contributions from interim operations at the Tuticorin Terminal and the Jawaharlal Nehru Port Authority (JNPA) liquid terminal, which is estimated to be completed in Q2 FY26. However, this growth was partially offset by lower cargo volumes at the iron ore terminal in Paradip. In Q1 FY25, the cargo volumes handled by the company had grown by 9 per cent YoY. Rinkesh Roy, Joint Managing Director and Chief Executive Officer, during the company's earnings call on Tuesday (22 July), said, 'This growth aligns with our historical trends, where cargo volumes in the second half of the year typically exceed those in the first half. We remain on track to achieve the annual guidance of 10 per cent growth over the last year.' The company's revenue from operations for the quarter also grew by 21.2 per cent YoY on the back of higher volumes, a strong performance by Navkar Corp, and a change in the realisation mix. It stood at Rs 1,223.85 crore, topping the estimate of Rs 1,192.2 crore. JSW Infra, through its wholly owned subsidiary JSW Port Logistics, had acquired a 70.37 per cent stake in Navkar Corporation for Rs 1,012 crore in June 2024. The total expenses during the quarter increased by about 18.12 per cent YoY, to Rs 841.14 crore. On the back of revenue growth, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 10 per cent YoY, to Rs 671 crore, with a margin of 51.1 per cent. The EBITDA margin stood at 55.1 per cent in Q1 FY25. In Q1 FY26, third-party cargo handled by the company grew by 8 per cent YoY to 15.3 million tonnes (mt). Its share in the total cargo handled by the company stood at 52 per cent, against 50 per cent in Q1 FY25. In FY26, the company has planned a capex of Rs 4,000 crore for ports and Rs 1,500 crore for the logistics business. It is aiming for a 10 per cent growth in port volumes and a 50 per cent growth in logistics revenue. The company handled a cargo of 117 million tonnes in FY25, up 9 per cent YoY, while its logistics revenue stood at Rs 250 crore. It aims to expand its total capacity to 400 million tonnes per annum by FY30 or earlier with a capex plan of Rs 30,000 crore for ports and Rs 9,000 crore for the logistics business (FY25-FY30). JSW Infra's current cargo handling capacity is around 177 mtpa. JSW Infra's cash and bank balance is Rs 4,360 crore as of June 2025. Its net debt stands at around Rs 1,246 crore, and its net debt to operating EBITDA ratio is 0.54x. Sequentially, the company's revenue dipped by 4.62 per cent, while profit declined by 24.5 per cent. Its shares, listed on the Bombay Stock Exchange, closed at Rs 317.25 per equity share on Tuesday (22 July).
Business Standard
18-07-2025
- Business
- Business Standard
Navkar Corporation reports standalone net profit of Rs 2.45 crore in the June 2025 quarter
Sales rise 17.44% to Rs 138.14 crore Net profit of Navkar Corporation reported to Rs 2.45 crore in the quarter ended June 2025 as against net loss of Rs 13.07 crore during the previous quarter ended June 2024. Sales rose 17.44% to Rs 138.14 crore in the quarter ended June 2025 as against Rs 117.63 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 138.14117.63 17 OPM % 14.571.75 - PBDT 17.15-2.07 LP PBT 3.80-14.79 LP NP 2.45-13.07 LP
Business Standard
17-07-2025
- Business
- Business Standard
Navkar Corporation gains on reporting turnaround PAT of Rs 2 crore in Q1
Navkar Corporation jumped 7.75% to Rs 123.05 after the company reported a standalone net profit of Rs 2.45 crore in Q1 FY26 as against a net loss of Rs 13.07 crore posted in Q1 FY25. However, revenue from operations advanced 17.44% year-on-year (YoY) to Rs 138.14 crore in the quarter ended 30 June 2025. The company posted a pre-tax profit of Rs 3.80 crore during the quarter, reversing a pre-tax loss of Rs 19.68 crore in Q1 FY25. Total expenses rose 1.14% to Rs 135.23 crore in Q1 FY26 as against Rs 133.71 crore posted in the corresponding quarter of the previous year. Employee benefits expenses stood at Rs 12.14 crore (up 8.88% YoY) and finance costs stood at Rs 3.87 crore (up 28.47% YoY) during the quarter under review.
Business Upturn
17-07-2025
- Business
- Business Upturn
Navkar Corp shares surge 10% after Q1 revenue rises 17% YoY to Rs 138 crore
Navkar Corporation shares jumped 10% after the company posted a strong turnaround in its Q1 FY26 financial results. As of 2:49 PM, the shares were trading 9.32% higher at Rs 124.65. The company reported a net profit of ₹2.45 crore, reversing a net loss of ₹13.07 crore in the same quarter last year, driven by higher revenue and improved cost efficiency. Revenue for the quarter ended June 30, 2025, rose 17% YoY to ₹138.14 crore, compared to ₹118.91 crore in Q1 FY25. This growth was supported by higher business volumes and improved operational performance. Navkar Corp's EBITDA surged to ₹20.1 crore, up sharply from ₹2 crore last year. The EBITDA margin expanded to 14.58% from just 1.75% in Q1 FY25, signaling strong operational improvements. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
25-04-2025
- Business
- Business Standard
Navkar Corporation reports standalone net loss of Rs 18.53 crore in the March 2025 quarter
Sales decline 11.58% to Rs 104.27 crore Net loss of Navkar Corporation reported to Rs 18.53 crore in the quarter ended March 2025 as against net profit of Rs 7.26 crore during the previous quarter ended March 2024. Sales declined 11.58% to Rs 104.27 crore in the quarter ended March 2025 as against Rs 117.92 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 45.30 crore in the year ended March 2025 as against net loss of Rs 1.71 crore during the previous year ended March 2024. Sales rose 11.41% to Rs 484.49 crore in the year ended March 2025 as against Rs 434.87 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 104.27117.92 -12 484.49434.87 11 OPM % -17.8516.40 - 1.1414.21 - PBDT -22.3214.21 PL -9.9253.73 PL PBT -35.242.02 PL -60.8312.02 PL NP -18.537.26 PL -45.30-1.71 -2549
