Nava Ltd — earnings calls

Nava Limited reported consolidated total income of INR1,269 crores for Q1 FY27, described as an all-time quarterly high, with the standalone total income reaching INR689 crores. Management said the MEL 300-megawatt plant operated at 89.3 PLF during the quarter, while lower coal and manufacturing costs plus dividend income from Nava Global supported standalone performance. Management also discussed delays to the Phase 2 thermal plant commissioning due to logistical disruptions and provided updates on the Zambia sugar, solar, and mining projects, as well as manganese and lithium exploration in Ivory Coast.

Nava Limited reported a 116% increase in standalone profit after tax to INR 911 crore for FY26, driven by upstream dividend flows from overseas investments and buyback proceeds. Consolidated profitability was affected by a non-cash deferred tax adjustment at Maamba Energy Limited linked to appreciation of the Zambian Kwacha. Management discussed pricing pressure in ferro alloys due to European safeguard duties, progress on the avocado and solar projects, and outlined capital commitments across the Agri, solar, and Maamba Phase 2 expansions.