Seasonally Weak Quarter ... Capacity Ramp-up at Greenfield Units to Boost Growth Navkar Corporation (NCL) has reported tepid numbers in 2QFY17 with its consolidated revenue growing by 5% yoy (flat qoq) to Rs900mn. However, revenue growth was lower compared to volume growth of 7% yoy (up 1% qoq) to 82,330 TEUs. This is attributable to decline (-3% yoy & -1% qoq) in realization to Rs10,665/TEU due to adverse revenue mix despite lower share of empty cargoes at 4,400 containers in 2QFY17 compared to 6,900 containers in 2QFY16. EBITDA adjusted for forex loss fell sharply by 16% yoy (-13% qoq) due to higher cost incurred owing to incessant...