Navkar Corp Shares Soar 14% on Q3 Profit Turnaround, Margins Triple

• Navkar Corporation reported a net profit of ₹9.4 crore in Q3, a significant turnaround from an ₹11.4 crore loss last year.
• Revenue for the quarter increased by 44% year-on-year to ₹186 crore, up from ₹130 crore.
• EBITDA surged to ₹33.6 crore from ₹7.3 crore in the year-ago period, indicating strong operating performance.
• EBITDA margins expanded significantly to 18% from 6%, showcasing improved cost efficiency.
• Following the strong results, Navkar Corporation shares rallied nearly 14% to ₹112.97 on the NSE.

Why It Matters: Navkar Corp swung to profit in Q3 with triple margins, driving a 14% share rally.