India · Delayed Price · Currency is INR Nava Limited Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record standalone profit growth, robust cash flows, and the highest-ever dividend, despite consolidated profit being impacted by non-cash deferred tax adjustments. Key projects in solar, thermal, and agro are progressing, with stable outlooks for power and ferroalloys.
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Q3 FY26 delivered strong revenue growth and an 83.5% rise in net profit, with EBITDA margin expanding to 48.3% driven by high plant availability and mining performance. Major CapEx projects in Zambia and agriculture are progressing, with robust long-term outlook and disciplined capital allocation.
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Strong operational performance and strategic progress marked the quarter, with record interim dividend, steady revenue growth in metals, and temporary energy sales decline due to planned shutdowns and weather. Major projects and expansion plans remain on track.
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Q1 FY26 saw record profits and strong revenue growth, led by energy operations and improved receivables. Major projects in Zambia and Africa are on track, with robust cash reserves and a stable dividend policy. MEL's first dividend and strategic restructuring were key highlights.
Fiscal Year 2025
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Record FY25 revenue and profit driven by strong growth in metals, mining, and energy. Major expansion projects in solar and coal power are on track, with robust cash flows and low net debt supporting future growth. Tax benefits and strategic investments continue to enhance profitability.
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Sequential profit growth and strong margins were maintained, with energy, metals, and agriculture expansions progressing. Maamba phase two is on track for August 2026, and $43 million was received from ZESCO, with $160 million still outstanding.
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Profit after tax surged 72% year-over-year, driven by strong energy and metals performance. Major projects in Zambia and Africa are progressing, with significant cash reserves allocated for growth and shareholder returns. Receivables from ZESCO remain a key focus amid ongoing payments.
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Quarterly income and profit before tax reached record highs, driven by strong energy, metals, and mining performance. Debt was fully repaid, margins improved, and major expansion projects are underway, with future growth capital reserved for new ventures.