NAVA LIMITED has informed the Exchange about Transcript
NAVA · price
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NAVA Limited reported standalone PAT of INR 911 crore for FY26, up 116% YoY, supported by upstream dividends and buyback proceeds. The company declared its highest-ever dividend of INR 8.50 per share. Key project updates include a 100 MW solar project expected to commission in July 2026 (revenue potential: $20-22M, EBITDA: $6-7M) and 300 MW Phase 2 expansion at Maamba Energy in Zambia due by January 2027. The ferroalloys business maintains ~130,000 tons production with 40% export to Japanese mills under long-term contracts. New agri ventures are progressing with avocado sales commenced (peak revenue: $22M by ~2032). Management guided for EBITDA margins of 35-40% going forward, noting improved coal cost structure in India following Singareni Collieries price cuts.
The strong standalone performance with highest-ever dividend reflects robust cash generation. Investors should note margin guidance of 35-40% for FY27, with tax holiday expiry on Phase 1 creating some pressure. The upcoming solar project in July 2026 and Phase 2 expansion in January 2027 provide near-term growth catalysts.