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Earnings Call Transcript

Navkar Corporation Earnings Call Transcript: Key Takeaways

JSW Infrastructure (parent of Navkar) is pivotting to a logistics-heavy model while port margins suffer from the Fujairah disruption. Domestic growth remains strong, but international headwinds and capex execution are key monitorables.

Guidance and delivery
EBITDA Margin guidance 24.0% → 28.0% Raised by 4.0 percentage points
Highlights
Revenue growth18% YoY growth in H1 FY27, driven by domestic volume expansion.
MarginsPort margins dipped to 49.4%; logistics margins improved to 29%.
Demand visibilityStrong domestic visibility backed by JSW Steel's expansion and port mechanization.
Management confidenceBalanced; optimistic on domestic logistics but cautious regarding Fujairah's recovery.

Growth

Domestic port volumes grew 8% YoY; logistics revenue surged via Navkar acquisition and 78-rake expansion.

Outlook

Targeting 300 MTPA capacity by FY28 and 400 MTPA by FY30 with ₹16,500 Cr capex.

Risks

Fujairah terminal shutdown impacted H1 EBITDA by ₹134 Cr; execution delays at Jaigarh and Kenie ports.

Source

Earnings Call Transcript filed with NSE, NSE: NAVKARCORP. Summary written with AI assistance from the document.

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Navkar Corporation Ltd: key numbers

Share price
₹77.09
Market cap
₹1,160 Cr
Revenue (annual)
₹687.5 Cr
Net profit (annual)
₹30.15 Cr
P/E (TTM)
24.5×Sector 29.6×
Promoter holding
70.37%+0.00% QoQ
FII holding
0.47%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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New Order Win

Navkar Corporation Bags ₹48 Cr Order from Office of the Sr. DCM, Commercial Department, Salem, Southern...

Navkar Corp received a LOA from Southern Railway for Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam. Contract value is approx Rs.48 Crore with 18-month construction timeline.

Value
₹48.00 Cr
From
Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu
Execution
18 months (construction); 35 years (railway land license)