Nava has reported strong financial results for the second quarter and half year ended September 30, 2025, along with a significant dividend declaration and key leadership changes.

Financial Highlights

Nava Limited reported consolidated revenue growth in Q2FY26, primarily driven by higher Ferroalloys sales of 32,760 MT compared to 19,337 MT in the same period last year. The Energy division maintained revenue levels despite early monsoon and prolonged rains affecting power demand and tariffs.

For Q2FY26:

• Consolidated profit before tax: ₹244.20 crores
• Profit after tax: ₹177.50 crores

The company's consolidated results for the half year show:

Dividend Declaration

Nava's Board has approved an interim dividend of 300% (₹3.00 per equity share of ₹1 each). The record date for this dividend is set for November 14, 2025.

Leadership Changes

Significant management changes include:

• Mr. Ashwin Devineni has resigned from his position as Managing Director at the subsidiary Nava Global Pte. Limited, while continuing as a director.
• Mr. Devineni has been re-designated as Vice-Chairman, effective November 8, 2025, for the remainder of his term until March 31, 2029.

Business Segments and Operations

Nava operates across three main segments:

1. Ferro alloys
2. Energy
3. Mining

The consolidated financial statement includes results from 18 subsidiaries.

Key operational highlights include:

• Conversion of 60MW Odisha operations into Independent Power Plant
• Progress on MEL's Phase II 300MW expansion project
• Commencement of Maamba Solar's 100MW solar project construction
• Advancement of integrated sugar project with sugarcane plantation multiplication

Financial Updates

• The Ferroalloys division faced lower realizations in export markets.
• Maamba Energy received US$30.00 million during the quarter, reducing outstanding receivables to US$55.50 million.
• The company received dividends of US$10.00 million from Nava Global and ₹13.00 crores from Nava Bharat Energy India Limited.

Conclusion

Nava's strong financial results, substantial dividend declaration, and operational progress across various projects reflect the company's robust performance in Q2FY26. The recent leadership changes and the company's diversified operations across multiple segments position it for potential future growth and profitability.

Nava Limited has announced an important update to its upcoming board meeting agenda. The company's board of directors is set to consider an interim dividend for the financial year 2025-26, adding a significant item to the previously scheduled meeting.

Key Details

Additional Information

The company has also scheduled a conference call for investors and analysts on the same day as the board meeting. This call aims to discuss Nava Limited's operational and financial performance for the second quarter ended September 30, 2025.

Conference Call Details

Key company representatives participating in the call will include:

• Mr. Ashwin Devineni, Managing Director & CEO
• Mr. GRK Prasad, Executive Director
• Mr. Nikhil Devineni, Executive Director
• Mr. K.V.S. Vithal, Chief Financial Officer
• Mr. VSN Raju, Company Secretary

Investors and analysts interested in participating can access the call through various means, including universal access numbers and toll-free numbers for Singapore, Hong Kong, UK, and USA.

This development signifies Nava Limited's commitment to keeping its shareholders informed about potential returns on their investments. The consideration of an interim dividend, coupled with the scheduled financial performance discussion, provides a comprehensive overview of the company's current financial position and its approach to shareholder value creation.

Investors and market watchers will likely keep a close eye on the outcome of this board meeting, as it may impact the company's stock performance in the short term.