100.1300 -1.79 (-1.76%)
NSE Apr 30, 2025 15:31 PM
Volume: 705.8K
 

100.13
-1.76%
Reliance Securities
Navkar Corporation Ltd. (NCL) reported better than expected profit largely due to higher other income. On a consolidated basis, revenue grew by 4.6% yoy and 3.1% qoq to Rs882mn. Revenue growth, however, was lower than volume growth of 18.4% yoy and 6.7% qoq to 80,815 TEUs, as realization fell by 13% yoy and 4% qoq to Rs10,667/TEU due to higher export-import mix at 48:52 and higher share of empty cargo in overall cargo handled. EBITDA adjusted for forex loss increased 1% yoy and was flat on a qoq basis, largely due to higher operating expenses and staff costs. This increase can be attributed to the ongoing capex at Vapi and...
Navkar Corporation Ltd. is trading below its 100 day SMA of 123.5
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