Greenfield project to provide next leg of growth Navkar Corporation Ltd. (NCL) has reported marginally lower-than-expected profit in 4QFY16 largely due to lower other income and higher tax outgo sequentially. Its consolidated revenue grew by 8.5% yoy & 3.6% qoq to Rs914mn. However, its revenue growth was lower than volume growth of 18.5% yoy (flat qoq) to 81,183 TEUs, as realization fell by 9% yoy (up 4% qoq) to Rs11,050/TEU due to higher export-import mix at 48:52 and higher share of empty cargo in overall cargo handled. EBITDA after adjusting forex loss of Rs11.6mn rose 38% yoy & 3% on...