Nava Limited announced its audited financial results for the year ended March 31, 2026, reporting a 116% increase in standalone net profit to ₹911 crore — the highest-ever jump in standalone profitability for the company. The Board recommended a final dividend of ₹5.50 per share, taking the total dividend for the financial year to ₹8.50 per share, inclusive of the interim dividend of ₹3.00 per share already paid. The company also reported that more than 90% of ZESCO arrears were successfully recovered during the year, strengthening cash flows and financial stability.

Q4 Consolidated Performance

For the latest quarter, Nava reported consolidated revenue of ₹11.4B compared to ₹10.2B in the corresponding period of the previous year. Consolidated net profit for the quarter stood at ₹1.3B, declining from ₹2.34B year-on-year. EBITDA for the quarter came in at ₹3.71B versus ₹3.8B in the prior-year period, with EBITDA margin contracting to 32.48% from 37.48%.

Full-Year Consolidated Performance

On a consolidated basis, the company reported a total income of ₹4,478.70 crore for FY26, up from ₹4,135.20 crore in the previous year. Revenue from operations rose to ₹4,290.90 crore compared to ₹3,983.50 crore. EBITDA stood at ₹1,905.20 crore versus ₹1,986.80 crore in the prior year. Profit before tax stood at ₹1,502.10 crore, while net profit for the year was ₹1,038.60 crore. The decline in net profit was attributed to tax adjustments at its subsidiary, Maamba Energy Limited (MEL), following the conclusion of its tax holiday period — MEL's power division now operates under a 15% tax structure — and a notional deferred tax liability (DTL) provision of ₹261 crore due to Zambian Kwacha appreciation. The notional deferred tax provision could get adjusted once exchange rates normalise, without any impact on current cash flows of MEL.

Standalone Performance

Standalone revenue from operations increased by 19.4% year-on-year to ₹1,924.70 crore, the highest ever recorded. Total income grew by 24.50% to ₹2,241.70 crore. EBITDA before exceptional items rose 24.80% to ₹702.80 crore from ₹563.20 crore. Ferro Alloy income increased by 29% year-on-year, driven by higher sales volumes, while energy division revenue increased by 27% quarter-on-quarter with the availability of a medium-term PPA for 50 MW. Other income increased by 69%, supported by higher dividend receipts from Nava Global, Singapore. The company received ₹705 crore via dividend and share buyback from subsidiaries during the year, with total dividend income received during the year standing at ₹254 crore — the highest ever for the company. Standalone profit before tax doubled to ₹1,070.10 crore, and net profit for the year stood at ₹910.90 crore, significantly higher than ₹421.70 crore in the prior year.

Strategic Updates

The company reported significant progress across its expansion projects. The 300 MW Phase-II expansion of MEL is expected to be commissioned by January 2027, while the solar power project commissioning is scheduled to begin by July 2026. In the agribusiness segment, Nava Avocado pursued seed marketing of the initial harvest of avocados with exports to the South African market. Packhouse construction is underway and on track for completion by September 2026, with plantation activity expected to be completed by end of FY27. The Kawambwa Sugar Project has commenced plantation of sugarcane in phases, with ordering of all major packages completed and construction activity underway at the site; the project is expected to be commissioned by March 2028 when sugarcane is ready for harvest. Operational revenue increased by 7.70%, driven by higher Silico Manganese alloys volumes and incremental energy revenue from MEL.

Management Commentary

Commenting on the performance, Ashwin Devineni, MD & CEO, said: "This has been a strong year for Nava, with our standalone profit growing by over 100% and our businesses continuing to deliver stable operational performance. The growth was supported by higher sales volumes, improved business efficiencies and healthy dividend flows from our overseas operations. While consolidated PAT was impacted by tax-related adjustments at MEL following the completion of its tax holiday period, the overall operational performance of the business remains strong and consistent. We are also encouraged by the steady progress across our future-focused projects in power, renewables, and agribusiness. With strategic projects advancing well, growing shareholder confidence and the strengthening valuation of Nava, we remain focused on sustainable long-term growth and value creation."

Source: None/Company/INE725A01030/b245b8bfc5184cf2.pdf

NAVA Limited 's Board of Directors, acting on the recommendations of the Nomination and Remuneration Committee, approved several key appointments and re-appointments at its meeting held on May 15, 2026. The decisions cover the continuation of an existing director's tenure and the re-appointment of two others to leadership roles, all subject to shareholder approval at the ensuing Annual General Meeting and other necessary regulatory approvals.

Summary of Appointments

The following table outlines the key details of the appointments and re-appointments approved by the Board:

Director Profiles

Mr. Trivikrama Prasad Pinnamaneni — Non-Executive Director

The Board approved the continuation of Mr. Trivikrama Prasad Pinnamaneni as a Non-Executive Director for a period of five years, effective from May 15, 2026. After serving as Managing Director for over four decades, Mr. Pinnamaneni continues his association with Nava Limited as a Non-Independent Director post-retirement. He holds an MBA from the U.S. and brings over 40 years of expertise in financial management and corporate planning, having been instrumental in Nava's sustained growth. Mr. P. Trivikrama Prasad and Mr. D. Ashok, Chairman, are related, though not within the meaning of Section 2(77) of the Companies Act, 2013; no other director is related to Mr. Pinnamaneni.

Mr. GRK Prasad — Executive Director

The Board sanctioned the re-appointment of Mr. GRK Prasad as Whole-time Director, designated as Executive Director, for a term of two years effective from June 28, 2026. Mr. Prasad has been associated with Nava Limited since 1995 and currently oversees business operations, corporate strategy, internal controls, risk management, and financial processes. He has over four decades of experience in finance, accounting, corporate strategy, and management, and is also well-versed in project financing and M&A management across varied business verticals in multiple organisations. Mr. Prasad is a Fellow Member of both the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. No director on the Board of Nava is related to Mr. GRK Prasad.

Mr. Mwelwa Chibesakunda — Independent Director

To strengthen its governance framework, the Board approved the re-appointment of Mr. Mwelwa Chibesakunda as an Independent Director for a further period of five years, effective from November 14, 2026. A Zambian national, Mr. Chibesakunda is a lawyer and an advocate of the High Court and Supreme Court of Zambia. He holds an LLM in International Commercial Law from the University of Bristol (1996), a Bachelor of Laws degree from the University of Zambia (1990), and a Legal Practitioner's License from Ziale (1991). He has over three decades of law practice experience in Zambia and is the Managing Partner of Chibesakunda & Company, a DLA Piper Africa associated firm he founded in 2006, which has been recognised as a Tier 1 firm for the last 18 years.

Mr. Chibesakunda commenced his legal career at the Ministry of Justice and has previously served on the boards of Afgric, Agricultural and Commercial Show Society of Zambia, Lusaka International Community School, African Grey Insurance Ltd, Teal Zambia Ltd, Lubambe Mine Ltd, and Lafarge Plc. He currently serves on the boards of Hybrid Poultry Ltd, Verino Agri Processing Industries Ltd, Country Choice Ltd, UPEPO Energy Ltd, Chilanga Cement Plc, Wildlife Crime Prevention, DLA Africa, and Maamba Energy Ltd. No director on the Board of Nava is related to Mr. Mwelwa Chibesakunda.

Compliance and Disclosures

All three directors have been affirmed as not disqualified from holding the office of Director under the Companies Act, 2013, and are not debarred from holding the office of director by virtue of any SEBI order or any other authority. The detailed disclosures pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been made available on the company's official website.