Nava Limited reported a robust FY26 performance, highlighted by a 116% surge in standalone profit after tax to INR 911 crore. The growth was primarily driven by healthy dividend inflows from overseas investments and strong cash generation. While consolidated profitability faced temporary, non-cash tax adjustments due to currency fluctuations at Maamba Energy Limited, the company maintains a stable operational outlook with promising long-term growth across its power, agro, and mining business verticals.
FY26 Financial Highlights
Nava Limited delivered a stellar performance in FY26, with standalone profit after tax jumping 116% to INR 911 crore, marking one of the strongest years in the company’s history. This financial strength was supported by consistent upstream dividend flows and successful buyback proceeds. The company also declared a dividend of INR 8.50 per share, the highest ever recorded.
Strategic Projects and Operational Outlook
Management provided updates on several key expansion projects. The 100-megawatt solar project is expected to commence commissioning in July 2026, with a tariff of $0.078. Meanwhile, the 300-megawatt Phase 2 thermal expansion at Maamba Energy Limited is slated for completion in January 2027. In the agro sector, the company has begun commercial operations for its avocado complex, with expected peak revenue of $22 million post-2032.
Core Business Performance
The company continues to optimize its power business, particularly in Telangana, benefiting from reduced coal costs from Singareni Collieries since September 2025. Despite current pricing pressures in the ferroalloys vertical, the company remains insulated through long-term contracts with major Japanese mills and domestic steel producers, covering approximately 80-90% of its production. Management maintains a stable EBITDA margin outlook of 35-40% for the current year.
International Mining Initiatives
Nava Limited is advancing its exploration efforts in Africa. In Ivory Coast, the company has identified promising manganese deposits and is moving toward securing an exploitation permit. Lithium exploration in Zambia is currently underway, though progress is subject to regulatory review regarding license claims. The company remains committed to disciplined capital allocation and strengthening its long-term growth drivers.
Source: BSE
