NAVA LIMITED has informed the Exchange regarding 'Presentation for the quarter ended June 30, 2025.'
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Nava Limited reported its Q1 FY26 results, with consolidated revenue at ₹1,232.6 Cr, up 16.7% QoQ but down 2.0% YoY. Profit before tax (PBT) hit a record high of ₹535.9 Cr, growing 65.3% QoQ and 0.9% YoY, with PBT margin expanding sharply to 43.5% from 30.7% in Q4 FY25. Profit after tax (PAT) stood at ₹399.1 Cr (up 31.8% QoQ, down 10.5% YoY) at a 32.4% margin. The Energy division was the key driver, with PBT surging 131.7% QoQ on strong plant load factors (PLFs) — 114 MW Telangana plant at 86.9%, 150 MW Odisha at 90.1%, MEL 300 MW at 95.2%, and NBEIL at 82.8%. Ferro Alloys margins also improved on better Ferro Silicon realisations. Maamba Energy received US$ 75 Mn, bringing down its receivable to US$ 85.5 Mn, and the Nava group's share of dividend was US$ 32.5 Mn.
Strong QoQ earnings beat driven by Energy division outperformance and margin expansion should be viewed positively. However, YoY PAT decline of 10.5% (impacted by MEL's new 50% income tax concession regime this FY) and ongoing capex on MEL Phase II 300 MW and Maamba Solar 100 MW (commissioning Q2 FY27) are near-term overhangs.