NAVA LIMITED has informed the Exchange regarding a press release dated August 14, 2025, titled "Press Release".
NAVA · price
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Nava Limited announced its Q1 FY26 results, reporting its highest-ever quarterly profit before tax (PBT). Consolidated total income stood at ₹1,232.6 crore, up 16.7% quarter-on-quarter but slightly lower by 2% year-on-year. Consolidated net profit came in at ₹399.1 crore, up 31.8% QoQ but down 10.5% YoY, partly hurt by a higher tax rate (15%) on MEL's power division from this quarter. On the standalone side, revenue grew 8.4% QoQ to ₹572.7 crore and PAT rose 45.2% QoQ to ₹141 crore. Key positives included Maamba Energy Limited (MEL) receiving USD 75 million in arrears and paying its maiden dividend, with Nava group's share at USD 32.5 million. Ferro alloys sales rose sharply to 33,130 MT from 25,116 MT YoY, MEL operated at a strong 95.2% plant load factor, and Indian power plants averaged 86.6% PLF. Strategic projects in Zambia (300 MW expansion, 100 MW solar) are on track for FY27 commissioning.
Strong sequential earnings rebound and receipt of significant cash from MEL (USD 107.5 million combined) should boost investor sentiment and support the stock. Slight YoY profit decline and higher tax outgo are minor negatives, but record PBT and steady project execution signal positive momentum.