NAVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nava Limited reported a stellar 116% year-on-year increase in standalone Profit After Tax, reaching ₹911 crore for FY2026, driven by higher ferro alloy sales volumes, improved energy revenues, and increased dividend income from overseas operations. Consolidated revenue from operations grew to ₹4,290.9 crore from ₹3,983.5 crore, though consolidated PAT declined to ₹1,038.6 crore due to higher deferred tax provisions at MEL following the end of its tax holiday period. The company declared a total dividend of ₹8.50 per share for the year and received ₹705 crore through dividends and share buybacks. Recovery of over 90% of ZESCO arrears strengthened the company's cash flows. Key expansion projects including MEL's 300 MW Phase-II power expansion and the solar power project are progressing on schedule.
The more than doubling of standalone profit and shareholder-friendly dividend payout signal strong underlying business performance and cash generation, which could positively influence investor sentiment. The decline in consolidated PAT due to tax adjustments is non-cash and should not materially impact the stock's fundamental appeal.