NAVA LIMITED has informed the Exchange about Transcript
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NAVA Limited reported its highest-ever consolidated revenue of INR 4,135 crores (up 4.6% YoY) and PAT of Rs. 1,434 crores for FY25, with all major segments — Metals, Mining, and Energy — showing robust growth. The ferroalloys business turned around, and subsidiary MEL received US$ 55 million post-year-end, fully repaying its shareholder loan. Management confirmed project timelines: 100 MW Maamba Solar to commission by July 2026 (project cost US$ 90 million), 300 MW Maamba Phase-II expansion by August 2026, first commercial avocado harvest by end of 2025, and sugar plant commissioning by March 2028. The 150 MW of power capacity is committed via bilateral contracts through September 2025. Management guided a better outlook for the ferroalloy division in FY26, supported by product diversification into ferrosilicon and higher-margin Japanese market sales. The CFO indicated peak debt of US$ 250–300 million to fund all expansion projects, while standalone NAVA remains essentially net debt-free (excluding the non-recourse US$ 94 million Phase-II debt).
Record FY25 results, a Rs. 360 crore buyback, stock split, and clear project commissioning roadmap for the next 1–3 years reinforce investor confidence. Multiple growth drivers (solar, Phase-II power, avocado) coming online from FY27 should support earnings expansion, though near-term margins may face pressure from MEL's quarterly shutdown and the expiry of 100% tax exemption after FY26.