NAVA LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
NAVA · price
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NAVA Limited's board approved audited FY25 results with consolidated revenue rising about 4.3% year-on-year to ₹3,98,355 lakhs and net profit attributable to shareholders growing about 15.7% to ₹1,09,148 lakhs. Basic EPS stood at ₹37.63 versus ₹32.52 in the previous year. The board recommended a final dividend of ₹6 per share (600%) on the post-split face value of ₹1, taking total FY25 dividend to an effective ₹8 per share on a post-split basis. During the year, the company bought back 72 lakh equity shares for ₹36,320 lakhs and executed a 1:2 stock split with a record date of January 20, 2025. The board also elevated Ashwin Devineni from Whole Time Director & CEO to Managing Director & CEO effective May 19, 2025, and appointed new cost and secretarial auditors. Two legacy matters received positive news: a favourable court order in the CBI/ED case involving subsidiary Nava Bharat Projects Limited, and ongoing recoveries of long-pending receivables from a Zambian customer of Maamba Energy Limited.
Strong double-digit profit growth, a generous 600% final dividend, and a ₹36,320 lakh buyback signal robust cash generation and shareholder-friendly capital allocation. Combined with management continuity and the favourable resolution of long-pending legal issues, the announcement is positive for shareholder confidence.