NAVA Limited reported robust Q3 FY26 results, highlighted by an 84% quarter-on-quarter profit increase. The company also received US$ 50 million from buyback proceeds from Nava Global. Consolidated total income reached ₹1,061.5 crore, marking a 7.3% QoQ growth. The company’s performance was boosted by its energy division and effective cash flow management.
Financial Performance Highlights
NAVA Limited announced strong consolidated financial results for the quarter ended December 31, 2025 (Q3 FY26). Key highlights include:
Consolidated total income of ₹1,061.5 crore, representing a 7.3% quarter-on-quarter and 20.9% year-on-year increase.
Net profit for the quarter was ₹325.7 crore, showcasing a significant growth of 83.5% quarter-on-quarter.
Segmental Performance
The energy division played a vital role in the company’s financial growth, supported by Maamba Energy Limited (MEL), which received US$ 20 million towards arrears during the quarter. Outstanding arrears from ZESCO were reduced to US$ 30.5 million.
MEL has distributed dividends totaling US$ 89.5 million to Nava Global, facilitating dividend payments and share buybacks by Nava.
Project Updates
Solar Energy: Construction of MSEL’s 100 MW solar power project in Zambia commenced in September 2025 and is on track for commissioning in H1 FY27.
MEL’s 300 MW Expansion: Continues to progress, with the majority of equipment dispatched or delivered to the site. Commissioning is now expected in H2 FY27, experiencing a slight delay.
Nava Avocado: The avocado plantation yielded its first harvest with positive results. 50% of the plantation has been completed, and packhouse construction is in progress.
Kawambwa Sugar: The integrated Sugar Project is advancing. Orders for all major packages, including the relocation of a 20 MW cogeneration plant, have been placed. Sugar cane plantation is on track, targeting commissioning by April 2028.
Standalone Performance
Total Revenue reached ₹499.7 crore, up 68.9% year-on-year. Profit after tax was ₹135.3 crore, up 185.6% year-on-year. Ferro Alloys revenue increased by 60.3% year-on-year due to higher sales quantities. The company received US$ 10 Mn dividend from NGPL during the quarter.
Metals Business
Ferro Alloys sales surged to 33,383 MT compared to 20,068 MT in the corresponding period of the previous year.
Energy Business
MEL power plant operated at a PLF of 96.6%, while Indian power plants operated at a PLF of 54.0% due to planned shutdowns.
Source: BSE
