NAVA LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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NAVA Limited reported Q1 FY26 consolidated revenue from operations of ₹1,19,322 lakhs, down about 2.4% year-on-year from ₹1,22,237 lakhs. Consolidated profit before tax rose slightly to ₹53,591 lakhs (vs ₹53,128 lakhs), but profit after tax from continuing operations fell roughly 10.5% to ₹39,941 lakhs, impacted by a ₹6,965 lakh expected credit loss allowance on overdue receivables. Standalone results were stronger, with revenue up ~2.3% to ₹52,992 lakhs and PAT up ~7.6% to ₹14,105 lakhs. The Ferro Alloys segment grew sharply while Energy revenue declined, and the Energy segment's liabilities nearly doubled year-on-year. The auditor issued an unmodified review report but drew specific attention to recoverability of ₹73,191 lakhs in overdue receivables from a Zambian customer and a contingent liability of ₹3,919 lakhs in a subsidiary's litigation.
Mixed quarter for shareholders: standalone earnings improved but consolidated PAT declined due to a large credit-loss provision on Zambian power receivables. The auditor's emphasis-of-matter on the overdue MEL receivables and ongoing subsidiary litigation are key risks to monitor, though the company has recovered US$493 million so far from the Zambia customer.