NAVA LIMITED CC-Sep23.pdf · 2023-11-10
Good morning, everyone. It looks like a fantastic quarter, because of repayment of loans and all the things. I have only one question. While the loan amount has come down, the finance cost for quarter ended September 30, on a sequential basis has increased from INR 80 crores to INR 95 crores. Is there any specific reason for the increase in the finance cost when the loan has come down substantially?
And the number would be somewhere around INR 80 crores now as an interest cost or it will be INR 95 crore also in the next quarter. Because this is wh at I was expecting that, the interest cost will be substantially lower because of which your profit will be higher. But, yes, I saw a surprise on the interest cost.