As of the latest trading session, Nava Limited’s shares dropped over 3% following its Q2 FY25 results, which revealed a decline in revenue both year-over-year (YoY) and quarter-over-quarter (QoQ).
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: Nava Limited reported revenue from operations at ₹900.48 crore in Q2 FY25, a decrease of 2.5% YoY from ₹921.98 crore in Q2 FY24, and a drop of 26.4% QoQ from ₹1,222.36 crore in Q1 FY25.
- Total Income: Total income, including other income, amounted to ₹942.29 crore for Q2 FY25, reflecting a 2.0% decline from ₹961.80 crore in Q2 FY24 and a 25.1% decrease from ₹1,258.30 crore in Q1 FY25.
- Profit Before Tax (PBT): Profit before tax from continuing operations was ₹361.25 crore, showing a strong 60.1% YoY growth from ₹225.59 crore in Q2 FY24. However, on a QoQ basis, PBT declined by 31.9% from ₹531.28 crore in Q1 FY25.
- Net Profit from Continuing Operations: Net profit from continuing operations stood at ₹329.88 crore in Q2 FY25, marking a 71.1% increase YoY from ₹192.73 crore in Q2 FY24, but a 26.1% decrease QoQ from ₹446.27 crore in Q1 FY25.
Analysis and Outlook
Despite the YoY profit growth, the sequential decline in revenue and profit reflects challenges in sustaining quarterly performance. Nava Limited may need to focus on stabilizing revenue streams to maintain growth momentum.
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