Nava Limited reported exceptional growth for the financial year ended March 31, 2026, driven by strong operational performance and higher dividend income. The company achieved a 116% increase in standalone Profit After Tax (PAT), reaching ₹911 crore. Shareholders are set to receive a total dividend of ₹8.50 per share for the fiscal year. Key growth catalysts include higher ferro alloy sales, improved energy revenues, and the successful recovery of over 90% of ZESCO arrears.
Record Financial Performance
Nava Limited has concluded a stellar fiscal year, characterized by its highest-ever standalone profit. Revenue from standalone operations grew by 19.4% year-on-year to ₹1,925 crore. The company’s total income witnessed a robust 25% increase, supported by a 29% rise in ferro alloy income and significantly higher dividend receipts from its Singapore-based subsidiary, Nava Global. The board has declared a total dividend of ₹8.50 per share for FY26, reflecting strong cash flow health.
Strategic Progress in Energy and Agribusiness
Beyond its financial performance, the company has made significant strides in project execution. In the energy sector, the 300 MW Phase-II expansion at MEL is progressing toward a January 2027 commissioning, while a new solar power project under MSEL is on track for July 2026. The agribusiness division is also scaling up, with avocado exports to the South African market and steady construction progress on packhouse facilities expected to conclude by September 2026. Additionally, the Kawambwa Sugar Project has commenced initial plantation phases, with a target commissioning date of March 2028.
Leadership Outlook
Commenting on the results, Ashwin Devineni, MD & CEO, highlighted that this was one of the most active growth phases in the company’s history. He noted that despite tax-related adjustments impacting consolidated PAT, the underlying operational strength remains consistent. The company continues to prioritize long-term value creation through its diversified interests in energy, mining, and sustainable agriculture, supported by a strong balance sheet and healthy cash flows from its international operations.
Source: BSE
