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Nava Bharat Ventures Ltd has posted lower net profit of Rs 32.13 crore for the second quarter ended September 30, 2014 as against Rs 47.17 crore for the corresponding quarter last year. The company revenue was, however, up for the quarter at Rs 289 crore as against Rs 247.51 crore during the corresponding period last year.
The Hyderabad-based company, which is into sugar, ferro alloys, power generation sectors, has seen its ferro alloys and sugar units registering business growth and power division registering lower sales number.
The ferro alloys unit registered income of Rs 172.94 crore for the second quarter (Rs 119.48 crore same period last year), sugar unit was up at Rs 37.70 crore (Rs 31.69 crore) and the power unit registered income of Rs 135.90 crore (Rs 154.37 crore).
The company shares closed the day at Rs 220.50 on the BSE.
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