Nava Limited announced its unaudited financial results for the second quarter ended September 30, 2026, reporting a record revenue of ₹1,252 crore, a 30% year-on-year increase. Consolidated Profit After Tax (PAT) more than doubled, surging 127% YoY to ₹403 crore. The company highlighted strong performance across its diversified businesses, with its renewable energy segment showing significant traction, supported by contributions from other sectors and positive deferred tax adjustments.
Nava Limited Announces Strong Financial Performance for Q2 FY27
Nava Limited, a diversified multinational group, has declared its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company achieved its highest-ever quarterly revenue, amounting to ₹1,252 crore, marking a substantial 30% growth compared to the same period last year.
Profitability Surge and Key Growth Drivers
Consolidated Profit After Tax (PAT) witnessed a remarkable surge, more than doubling to ₹403 crore, a growth of 127% year-on-year. This significant increase was driven by strong performance in the energy sector, supplemented by contributions from other business segments and a positive deferred tax adjustment. The group’s strategic focus on renewable energy has started yielding results, evidenced by the graduated commissioning of its 100 MW solar power project in Zambia.
Financial Highlights (Consolidated)
The financial performance for the quarter and half-year is as follows:
| Particulars | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY Growth | H1 FY27 | H1 FY26 | H1 YoY Growth |
| Revenue from Operations | 1,252 | 1,212 | 964 | 30% | 2,464 | 2,157 | 14% |
| Total Income | 1,336 | 1,269 | 990 | 35% | 2,604 | 2,222 | 17% |
| EBITDA | 561 | 583 | 341 | 64% | 1,144 | 969 | 18% |
| Profit Before Tax | 453 | 480 | 244 | 86% | 933 | 780 | 20% |
| Profit After Tax | 403 | 333 | 177 | 127% | 736 | 577 | 28% |
(Figures in ₹ crore, except percentages)
Strategic Developments and Future Outlook
Nava Limited’s strategic initiatives are progressing well. The energy segment’s performance is bolstered by healthy Plant Load Factors (PLFs) in domestic operations. The MEL’s Phase II 300 MW power expansion is on track, with full commissioning targeted for July 2027. In mining, exploration activities for manganese in Côte d’Ivoire are yielding promising initial results, with ongoing exploration for lithium and other minerals in Zambia.
The agribusiness segment is poised for growth, with Nava Avocado Limited set for its first commercial harvest and sales from November 2026 to March 2027. The integrated Sugar project at Kawambwa Sugar Limited is also progressing towards commercial operations from FY 2028-29.
Ashwin Devineni, Managing Director & CEO, Nava Limited, commented, “Nava’s record quarterly and year-to-date operating revenue reflects the strength of our diversified businesses and the sustained performance of our core operations. The robust year-on-year growth in profitability, supported by our energy and mining businesses, reinforces the resilience of our operating model. Beyond financial performance, this quarter marks meaningful progress in our long-term growth strategy. The commissioning of our 100 MW solar project in Zambia represents an important milestone in our renewable energy journey, while the substantial recovery of outstanding receivables from ZESCO further strengthens our financial position.”
Source: BSE
