Navkar Corporation Q2 Results Live : Navkar Corporation announced its Q2 results on October 8, 2024, revealing a significant revenue increase of 40.75% year-over-year, despite reporting a loss of ₹2.3 crore. This marks a stark contrast to the same period last fiscal year, where the company declared a profit of ₹2.11 crore.
In comparison to the previous quarter, Navkar’s revenue grew by 13.17%, indicating an upward trend in business operations. However, the company’s selling, general, and administrative expenses saw a decline of 4.3% quarter-over-quarter but rose by 16.01% year-over-year.
Operating income experienced a dramatic rise of 120.58% compared to the previous quarter; however, it fell by 53.42% year-over-year, showcasing the challenges faced in maintaining profitability.
Earnings per share (EPS) for Q2 stood at ₹-0.1, representing a significant decrease of 170.18% year-over-year. This decline is indicative of the financial hurdles the company has been navigating.
In terms of stock performance, Navkar Corporation has delivered a -1.32% return over the past week, but has shown promising figures with a 22.64% return over the last six months and a 25.82% year-to-date return.
Currently, Navkar Corporation holds a market capitalization of ₹1934.62 crore, with its stock trading within a 52-week range of ₹164.4 at its peak and ₹55.65 at its lowest.
Navkar Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 133.12 | 117.63 | +13.17% | 94.58 | +40.75% |
| Selling/ General/ Admin Expenses Total | 10.67 | 11.15 | -4.3% | 9.2 | +16.01% |
| Depreciation/ Amortization | 12.54 | 12.72 | -1.44% | 9.61 | +30.42% |
| Total Operating Expense | 130.92 | 128.29 | +2.05% | 89.87 | +45.69% |
| Operating Income | 2.2 | -10.67 | +120.58% | 4.71 | -53.42% |
| Net Income Before Taxes | -1.96 | -19.68 | +90.07% | 3.52 | -155.59% |
| Net Income | -2.3 | -13.07 | +82.41% | 2.11 | -209.01% |
| Diluted Normalized EPS | -0.1 | -0.66 | +85.08% | 0.14 | -170.18% |
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