Nava Ltd consolidated Q3 FY24 net profit surges to Rs. 328.20 crores

Nava Bharat Ventures Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 994.9829 crores during the period ended December 31, 2023 as compared to Rs. 961.8035 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 328.2075 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 148.2802 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 22.60 for the period ended December 31, 2023 as compared to Rs. 10.20 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 994.9829 crs	₹961.8035 crs	3.45%
Net Profit	₹328.2075 crs	₹148.2802 crs	121.34%
EPS	₹22.60	₹10.20	121.57%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 994.9829 crores during the period ended December 31, 2023 as compared to Rs.1020.8092 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.328.2075 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.245.0425 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.22.60 for the period ended December 31, 2023 as compared to Rs.16.87 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 994.9829 crs	₹1020.8092 crs	-2.53%
Net Profit	₹328.2075 crs	₹245.0425 crs	33.94%
EPS	₹22.60	₹16.87	33.97%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.3003.3880 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2938.5720 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.737.5429 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.681.0171 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.50.79 for the 9 Months period ended December 31, 2023 as compared to Rs.46.89 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹3003.3880 crs	₹2938.5720 crs	2.21%
Net Profit	₹737.5429 crs	₹681.0171 crs	8.30%
EPS	₹50.79	₹46.89	8.32%

Shares of Nava Bharat Ventures Limited was last trading in BSE at Rs. 501.60 as compared to the previous close of Rs. 489.80. The total number of shares traded during the day was 219119 in over 5974 trades.

The stock hit an intraday high of Rs. 522.00 and intraday low of 488.70. The net turnover during the day was Rs. 111648558.00.

Source : Equity Bulls

Keywords

Nava Q3FY24 9MFY24 ResultUpdate