NAVA Limited Reports Strong Q3FY26 Results with 83.5% QoQ Net Profit Growth
NAVA Limited announced impressive Q3FY26 financial results with consolidated net profit reaching ₹325.7 crore, representing 83.5% quarter-on-quarter growth, while total income grew to ₹1,061.5 crore with 20.9% year-on-year increase. The company demonstrated strong operational performance across all business segments, with metals division showing ferro alloys sales surge to 33,383 MT and energy division maintaining high plant load factors, while advancing multiple strategic expansion projects including solar power and mining initiatives.
*this image is generated using AI for illustrative purposes only.
NAVA Limited announced its unaudited consolidated financial results for the third quarter ended December 31, 2025, demonstrating robust financial performance with significant improvement in profitability across its diversified business portfolio. The company's Board of Directors approved these results at their meeting held on February 05, 2026, pursuant to Regulation 33 of SEBI Listing Regulations.
Strong Financial Performance
The company delivered impressive consolidated results with total income reaching ₹1,061.5 crore and net profit of ₹325.7 crore, showcasing substantial quarter-on-quarter growth momentum. The energy division contributed significantly to this healthy performance, supported by MEL's power plant operations despite planned maintenance outages in Indian operations.
| Financial Metric: | Q3FY26 Performance | Growth Rate |
|---|---|---|
| Consolidated Total Income: | ₹1,061.5 crore | 7.3% QoQ, 20.9% YoY |
| Net Profit: | ₹325.7 crore | 83.5% QoQ |
| Standalone Revenue: | ₹396.0 crore | 41.5% YoY |
| Standalone PAT: | ₹135.3 crore | 185.6% YoY |
Business Segment Performance
The metals division demonstrated strong operational momentum with ferro alloys sales surging to 33,383 MT from 20,068 MT year-on-year, driven by healthy export demand. Silico Manganese production reached 31,648 MT, representing an 82.3% increase compared to the previous year, while ferro silicon production was 1,735 MT.
| Business Segment: | Q3FY26 Performance | Key Metrics |
|---|---|---|
| Metals - Ferro Alloys: | 33,383 MT | Revenue growth 60.3% YoY |
| Energy - MEL PLF: | 96.6% | Strong operational efficiency |
| Energy - Indian Plants PLF: | 54.0% | Impacted by annual shutdown |
| Mining - Coal Sales: | Improved margins | Positive contribution |
Strategic Developments and Cash Flow Management
Maamba Energy Limited (MEL) realized US$ 20 million towards arrears during the quarter, reducing outstanding arrears from ZESCO to US$ 30.5 million. This demonstrates the company's continued focus on cash flow discipline and working capital management. MEL has distributed cumulative dividends of US$ 89.5 million to Nava Global, enabling dividend payments and share buybacks.
Project Updates and Expansion Initiatives
The company is advancing multiple strategic projects across its business segments. Construction of MSEL's 100 MW solar power project in Zambia commenced in September 2025 and remains on track for commissioning in H1 FY27. MEL's 300 MW expansion project continues to progress with majority equipment dispatched to site, though commissioning is now expected in H2 FY27.
| Project: | Status | Timeline |
|---|---|---|
| MSEL Solar Project: | 100 MW under construction | H1 FY27 commissioning |
| MEL Expansion: | 300 MW equipment delivered | H2 FY27 commissioning |
| Nava Avocado: | First harvest completed | 50% plantation done |
| Kawambwa Sugar: | EPC orders placed | April 2028 commissioning |
Regulatory Compliance and Governance
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 05, 2026. The results were subjected to limited review by statutory auditors Walker Chandiok & Co LLP, who issued an unmodified review report. The company maintains compliance with Indian Accounting Standard 34 and SEBI Listing Regulations requirements.
Historical Stock Returns for Nava
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.53% | -0.17% | -2.81% | -10.06% | +29.38% | +1,718.43% |
