Mumbai: Navkar Corporation has turned its year around with a sharp recovery over three consecutive quarters. From deep red in Q1 to a strong profit in Q3, the company’s improving results reflect rising income and better expense management.
Profit rises every quarter
The company's Q1 FY26 began with a significant net loss of Rs 1,139.81 crore. However, by Q2, Navkar posted a profit of Rs 435.47 crore, and further strengthened in Q3 with Rs 936.23 crore profit. This steady growth indicates a clear turnaround in the company’s financial health.
Revenue shows strong pickup
Revenue from operations also climbed each quarter: Rs 12,945.92 lakh in Q1, Rs 16,238.76 lakh in Q2, and Rs 18,584.74 lakh in Q3. The total income, including other income, stood at Rs 18,624.80 lakh in Q3. This growth in business helped push profits higher.
Costs managed better over time
Navkar reduced its cost pressures over time. Operating expenses increased in line with revenue but remained under control, while finance costs dropped from Rs 509.48 lakh in Q1 to Rs 421.82 lakh in Q3. The company also avoided the exceptional loss of Rs 611 crore reported in the previous year, which weighed heavily on past results.
Overall performance sees full turnaround
Total comprehensive income (after taxes and adjustments) rose from a loss of Rs 1,156 crore in Q1 to a profit of Rs 457 crore in Q2 and Rs 912 crore in Q3. The earnings per share moved from negative Rs 0.76 in Q1 to Rs 0.62 in Q3, reflecting better returns to shareholders.
Navkar Corporation’s Q3 result marks a strong comeback from earlier losses, showing signs of continued recovery and improved financial strength.
