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Nava Bharat Ventures reports 26% increase in Q1 net profit

09 Aug 2012 Evaluate

Nava Bharat Ventures has reported results for first quarter ended June 30, 2012.

The company has reported a rise of 26.27% in its net profit at Rs 65.05 crore for the quarter under review as compared to Rs 51.51 crore for the same quarter in the previous year. The total income from operation of the company has increased by 16.78% at Rs 274.11 crore for Q1FY13 as compared Rs 234.72 crore for the corresponding quarter previous year.

The company is engaged in power generation, sugar and ferro alloys and enlisted the services of a Chinese company, Sepco, to implement the power plant project, after securing various mandatory clearances from the Zambian Government. 

Nava Share Price

706.75 4.15 (0.59%)
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