Navkar Corp Swings to Profit in Q3, Stock Soars 10% on Strong Results

• Navkar Corp, a BSE Smallcap company, reported a net profit of ₹9.4 crore in Q3, compared to a loss of ₹11.4 crore last year.
• The company's revenue surged by 44% year-on-year to ₹186 crore, driven by strong demand and improved operations.
• EBITDA saw a multi-fold increase, rising from ₹7.3 crore to ₹33.6 crore.
• Margins significantly improved from 6% to 18%, indicating enhanced profitability and operational efficiency.
• Following the positive results, Navkar Corp's stock jumped 10%, hitting a day's high of 114.95.

Why It Matters: Navkar Corp turned profitable in Q3 with strong revenue and EBITDA growth, leading to a significant stock surge.