Outcome of the Board Meeting
NAVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nava Ltd's Board approved audited consolidated financial results for FY ended March 2026. Total income stood at ₹4,47,866.39 Lakhs with revenue from operations of ₹4,29,091.72 Lakhs, up 7.7% YoY from ₹3,98,354.74 Lakhs. Consolidated profit after tax was ₹1,03,852.40 Lakhs (down 28% YoY from ₹1,43,400.28 Lakhs), impacted by significant deferred tax expenses of ₹26,179.46 Lakhs due to Zambian Kwacha appreciation. The Board recommended a final dividend of ₹5.50 per equity share (550%) for FY2026. Key director appointments include continuation of Mr. Trivikrama Prasad Pinnamaneni as Non-Executive Director and reappointment of Mr. GRK Prasad as Executive Director. The MOA was amended to expand power generation activities to include emerging energy technologies. Trade receivables of ₹25,989.96 Lakhs from Maamba Energy remain under watch with ₹1,206.41 Lakhs ECL allowance provided. Subsidiaries span across India, Zambia, Singapore, Côte d'Ivoire, and Malaysia.
The profit decline and currency-related tax impact may weigh on near-term sentiment despite revenue growth and the positive dividend signal. The large Zambia receivables recovery progress (US$ 550.61 million recovered, US$ 27.46 million remaining) is a key positive. Shareholders can expect dividend payout if approved at the ensuing AGM.