NAVA Limited announced its Q3 FY26 results, showcasing consolidated revenue of ₹1061.5 Cr, up by 7.3% QoQ. Consolidated PBT grew by 62.4% QoQ, reaching ₹396.6 Cr, while PAT increased by 83.5% QoQ to ₹325.7 Cr. The company also highlighted its Maamba Energy and Ferro Alloys performance.
Financial Highlights for Q3 FY26
NAVA Limited reported a strong financial performance for Q3 FY26:
- Consolidated Revenue: ₹1061.5 Cr, a 7.3% increase QoQ.
- Consolidated PBT: ₹396.6 Cr, reflecting a 62.4% growth QoQ.
- Consolidated PAT: ₹325.7 Cr, showcasing an 83.5% increase QoQ.
Key observations:
- Operational revenue grew by 2.8% QoQ, with the MEL power plant operating at a PLF of 96.6% compared to 80.4% in Q2.
- The Indian Energy business experienced a revenue decline due to planned shutdowns, lower demand, and tariffs.
- The Mining division’s revenue increased by 16.6% QoQ due to increased sales quantity.
- The cost of materials decreased due to a reduction in input prices.
Other Key Highlights
The company also announced the following:
- Maamba Energy: Arrears reduced to US$ 30.5 Mn, with US$ 25.0 Mn realization since the last Board Meeting. Cumulative dividend declared to the sponsors is US$ 137.0 Mn, with Nava Global’s share being US$ 89.05 Mn.
- Others: Buyback of US$ 50 Mn by Nava Global concluded. Cumulative dividend received from Nava Global since Apr 25 is US$ 24.0 Mn.
- Impact of labor codes at the Consolidated level is Rs. 4.16 cr.
- MEL’s Phase II 300 MW – Targeted commissioning in H2 FY27.
- Maamba Solar’s 100 MW – project works in full swing, targeted commissioning in H1 FY27.
- Avocado plantation – harvested first fruit yield.
- Integrated Sugar project – Sugarcane plantation multiplication is progressing, equipment supplies to commence soon.
Business Segment Update – Ferro Alloys
- Silico Manganese production increased by 5.6% QoQ to 33,537 tons. Sales decreased slightly by -1.4% QoQ to 31,648 tons.
- Ferro Silicon production ceased during the quarter.
- Si Mn sales quantity increased YoY by 82.3% with higher domestic sales.
Business Segment Update – Energy (India)
- Total Power Units Sold: 432 Mn kWh, a decrease of -17.6% QoQ.
- Average PLF (Plant Load Factor): 54.0%.
- Energy division underwent planned shutdowns at Telangana works.
Business Segment Update – MEL Zambia
- Average PLF: 96.6% compared to 80.4% in the previous quarter.
- Power Units Sold: 577 Mn kWh.
- Total Revenue: $72.4 Mn.
Source: BSE
