NAVKARCORP

Jan 27 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION - NAMES SABYASACHI MUKHERJEE AS CHIEF FINANCIAL OFFICER

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Jan 7 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION - RECEIPT OF SUSPENSION LETTERS FOR 2 OPEN BONDED WAREHOUSES

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Oct 8 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION SEPT-QUARTER LOSS 23 MILLION RUPEES

• NAVKAR CORPORATION SEPT-QUARTER REVENUE FROM OPERATIONS 1.33 BILLION RUPEES

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Sept 23 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• GOVERNMENT OF INDIA APPROVES CHANGE OF CONTROL TO JSW PORT LOGISTICS

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Aug 9 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• JUNE-QUARTER LOSS 130.7 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 1.18 BILLION RUPEES

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BENGALURU, July 18 (Reuters) - JSW Infrastructure JSWN.NS, India's second-largest private port operator in terms of cargo handled, reported a nearly 9% fall in first-quarter profit on Thursday, hurt by higher expenses.

Its consolidated net profit fell to 2.92 billion rupees (about $35 million) in the quarter ended June 30 from 3.21 billion rupees in the year-ago period.

Port operators, including JSW Infra's larger rival Adani Ports APSE.NS, have been benefiting from cargo movement across their ports with improved commercial activity in the country.

JSW Infrastructure, part of steel-to-power conglomerate JSW Group, said its cargo volume grew 9% year-on-year to 27.8 million tons, which helped revenue from operations rise 15%.

However, its total expenses jumped 41%, with operational expenses rising 23% year-on-year and eating into its profit.

JSW Infrastructure currently operates 10 ports along the country's coastline.

In June, the company acquired a majority stake in Navkar Corporation NAVR.NS through its unit JSW Port Logistics, entering the logistics sector.

JSW Infrastructure's shares closed 1.3% lower on Thursday, ahead of the results.

($1 = 83.6316 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru; Editing by Janane Venkatraman )

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** Shares of India's JSW Infrastructure JSWN.NS rise as much as 5.4% to hit record 336 rupees, last up ~3%

** Move after port operator via unit approved to buy 70.4% stake of container depot operator Navkar Corporation NAVR.NS

** NAVR, which jumped 8.3% earlier in the day, last up 2.7%; its trading vols ~5x its 30-day avg

** Separately, JSWN said that it got contract from Southern Railway for construction of cargo terminal

** YTD JSWN up ~58%, NAVR up 12.3%

(Reporting by Hritam Mukherjee in Bengaluru)

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June 27 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• UNIT JSW PORT WILL ACQUIRE EQUITY SHARES OF NAVKAR CORPORATION AT 95.61 RUPEES PER SHARE

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April 30 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION LTD MARCH-QUARTER PROFIT 72.6 MILLION RUPEES VERSUS 33.5 MILLION RUPEES

• NAVKAR CORPORATION LTD MARCH-QUARTER REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.04 BILLION RUPEES

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Jan 23 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• DEC-QUARTER LOSS 148 MILLION RUPEES VERSUS PROFIT 423.3 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 1.17 BILLION RUPEES VERSUS 993.9 MILLION RUPEES

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** Shares of container freight station facilities firm Navkar Corp NAVR.NS rose as much as 7.7% to 121.70 rupees before reversing most of its gains to trade 1.3% higher

** Commercial ports operator JSW Infrastructure JSWN.NS is leading the race to acquire NAVR and talks between the companies are in advanced stages, CNBC-TV18 reports

** JSW Infra's shares fell ~3% on Thursday before erasing losses to trade 0.7% higher

** JSWN declined to comment while NAVR did not immediately respond to Reuters' request for comment

** NAVR rose ~62% in 2023; JSWN down about 27% since listing on Oct. 3, 2023

(Reporting by Kashish Tandon in Bengaluru)

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Nov 3 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION LTD SEPT-QUARTER PROFIT 21.1 MILLION RUPEES VERSUS 230.8 MILLION RUPEES

• NAVKAR CORPORATION LTD SEPT-QUARTER REVENUE FROM OPERATIONS 945.8 MILLION RUPEES VERSUS 1.09 BILLION RUPEES

Source text for Eikon: ID:nBSE9jX5b2

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Sept 28 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• APPROVED APPOINTMENT OF PRASOON SINGH AS CFO

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Aug 17 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• NAVKAR CORPORATION LTD - ANISH MAHESHWARI RESIGNS AS CFO

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Aug 8 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• JUNE-QUARTER PROFIT 37.3 MILLION RUPEES VERSUS PROFIT 237.3 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 1.06 BILLION RUPEES VERSUS 1.29 BILLION RUPEES

• APPOINTS RAJENDRA MEHTA AS VICE PRESIDENT

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May 29 (Reuters) - Navkar Corporation Ltd NAVR.NS:

• RE-APPOINTS SHANTILAL JAYAVANTRAJ MEHTA AS CHAIRMAN, MD

• MARCH-QUARTER PROFIT 33.5 MILLION RUPEES VERSUS PROFIT 299.9 MILLION RUPEES YEAR AGO

• MARCH-QUARTER REVENUE FROM OPERATIONS 1.04 BILLION RUPEES VERSUS 995.2 MILLION RUPEES YEAR AGO

Further company coverage: NAVR.NS

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