Nava Bharath Ventures PAT up 92%

Thebullishtrends: Nava Bharath Ventures share price closed yesterday at Rs.245.10(13.95%). Nava Bharath Ventures announced its results for the third quarter and nine months ended 31st December'07. The company's Profit After Tax up 92% to Rs.185.4o cr,EPS at Rs.25.35,and Q3 Net profits at Rs. 75.3 cr grows 107% and Q3 Power to PBIT at 52%.

Gross revenue performance in Q3 continued to be robust at Rs.300.18 cr from Rs.166.16 cr the year before. The power business sales of Rs.92.57 cr in Q3 FY 2008 as against Rs.69.60 cr last year and inculded the results of the newly commissioned 32 MW unit at Paloncha.