NAVA Share Price

Electric Utilities company NAVA announced Q3FY26 results Consolidated total income stood at Rs 1,061.5 crore, registering a growth of 7.3% QoQ and 20.9% YoY. Net profit for the quarter was Rs 325.7 crore, reflecting growth of 83.5% QoQ. Ashwin Devineni, MD & CEO, said: “Nava delivered a strong performance in Q3FY26, marked by a sharp improvement in profitability, disciplined cost management, and sustained operational reliability across our core businesses. The quarter saw healthy growth in revenues, a significant increase in profits, and continued progress in reducing arrears at MEL, reflecting our strong focus on cash flow and balance sheet strength. The successful completion of Nava Global’s USD 50 million buyback and steady dividend flows underscore our commitment to shareholder value. As we advance our expansion projects across energy, renewables and agriculture, we remain focused on prudent execution, capital discipline, and building resilient businesses that can deliver consistent long-term returns.” Result PDF

• Trendlyne
• 3 months 2 weeks ago

Power - Electric Utilities company NAVA announced Q2FY26 results Consolidated Financial Highlights: Declares interim dividend of 300% Consolidated total income at Rs 989.7 crore, reflecting stable operations across businesses Reports Net profit of Rs 177.5 crore, supported by strong operational efficiency The 60 MW Captive Power Plant (CPP) in Odisha successfully transitioned to an Independent Power Plant (IPP) effective November 1, 2025, enhancing revenue visibility and operational metrics. MEL realised USD 30 million during the quarter, bringing down arrears to USD 55.5 million – underscoring steady cash flow recovery. Robust dividend momentum: Since April 2025, MEL has distributed USD 72.8 million to sponsors. Nava Global has, in turn, maintained its consistent track record, leveraging upon sustained profitability and distribution, declared USD 10 million dividend on November 3, 2025, taking cumulative payout to USD 24 million to date. Standalone Financial Highlights: Revenue: Rs 555.5 crore, up 28.9% YoY PAT: Rs 156.5 crore, up 7.1% YoY Ashwin Devineni, MD & CEO, said: “Our performance this quarter reaffirms Nava’s operational strength, disciplined execution, and long-term focus on sustainable value creation. The successful transition of our Odisha power plant to an IPP model and consistent dividend flow underscore our commitment to enhancing shareholder returns. With robust projects underway across energy and agriculture, Nava remains well-positioned for continued growth and global relevance.” Result PDF

• Trendlyne
• 6 months 1 week ago

Power - Electric Utilities company NAVA announced Q1FY26 results Total income: Rs 1,232.6 crore, up 16.7% quarter-on-quarter (QoQ) and marginally lower by 2.0% YoY. Net profit: Rs 399.1 crore, up 31.8% QoQ and lower by 10.5% YoY. The average tax rate is higher, as profits from the power division of MEL are subject to tax at 15% from Q1FY26. Maamba Energy (MEL): Received arrears of USD 75.0 million, reducing outstanding receivables to USD 85.5 million. Sponsors received maiden dividend from MEL, with the Nava group receiving USD 32.5 million as its share. Projects: MEL’s Phase II 300 MW expansion and MSEL’s 100 MW solar project in Zambia are on track for scheduled commissioning in Q2FY27. Ashwin Devineni, Managing Director & CEO, said: “We are pleased to report our highest-ever quarterly PBT, driven by strong operations across our energy portfolio and improved realisations in the metals business. The 50% tax concession regime applicable to the power division under MEL impacted the PAT for the quarter. The resolution of a substantial portion of MEL’s receivables and the receipt of its maiden dividend are significant steps in further strengthening our cash position. Our strategic projects from renewable energy in Zambia to commercial agriculture in Africa are progressing as planned, positioning us for sustainable growth. The planned conversion of our captive power assets to IPPs will further enhance operational efficiency. We remain committed to disciplined capital allocation, operational excellence, and the timely execution of our growth plans to create enduring value for all stakeholders.” Result PDF

• Trendlyne
• 9 months ago