NAVA LIMITED has informed the Exchange that Board of Directors at its meeting held on May 16, 2025, recommended Final Dividend of Rs. 6 per equity share.
NAVA · price
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NAVA Limited's board, meeting on May 16, 2025, has recommended a final dividend of Rs. 6 per equity share (600% on the Rs. 1 face value post-split), subject to shareholder approval at the AGM. This is in addition to the interim dividend of Rs. 4 per share (on Rs. 2 face value) declared in August 2024. On a post-split basis, total FY25 dividend works out to roughly Rs. 8 per share. Consolidated FY25 revenue from operations rose to Rs. 3,98,354.74 lakhs (up ~4.3% YoY) and profit after tax climbed to Rs. 1,43,400.28 lakhs (up ~14.2% YoY), translating to basic EPS of Rs. 37.63 vs Rs. 32.52 in FY24. The board also approved the redesignation of Ashwin Devineni from Whole Time Director & CEO to Managing Director & CEO effective May 19, 2025, and appointed new cost and secretarial auditors. Note: During the year, the company completed a 2-for-1 stock split (record date Jan 20, 2025) and bought back and extinguished 72 lakh shares for Rs. 36,320.26 lakhs. Overdue receivables from a Zambian power customer (sovereign-guaranteed) remain a watch item.
The healthy dividend payout alongside double-digit profit growth is supportive for shareholders, though operating cash flow declined and large Zambian receivables continue to weigh on sentiment. The stock split and buyback have already been executed, so they should be priced in. The leadership elevation provides continuity at the top.