Nava Reports Strong Q2 Growth and Declares 300% Interim Dividend

12 Nov 2025 CW Team

For Q2 FY26, consolidated total income stood at Rs 9897 million, supported by stable operations across businesses. Net profit rose to Rs 1775 million, driven by strong operational efficiency. The company declared an interim dividend of 300 per cent, reinforcing its commitment to shareholder returns.

The 60 MW Captive Power Plant in Odisha transitioned to an Independent Power Plant from 1 November 2025, enhancing revenue visibility. MEL realised US$ 30 million during the quarter, reducing arrears to US$ 55.5 million, while Nava Global declared a US$ 10 million dividend, taking cumulative payouts to US$ 24 million.

On the project front, MSEL’s 100 MW solar plant commenced construction in September 2025 and is on track for commissioning in H2 FY27. MEL’s 300 MW expansion in Zambia also continues on schedule.

Standalone revenue grew 28.9 per cent year-on-year to Rs 5555 million, with PAT up 7.1 per cent to Rs 1565 million. In the Metals segment, Ferro Alloys sales surged 70 per cent to 32,760 MT. The Energy division achieved a PLF of 80.4 per cent, and margins are expected to strengthen further with falling coal prices.

Nava’s Commercial Agriculture segment also progressed, with its Zambia-based avocado plantations set to yield their first commercial output in H2 FY26, and the integrated sugar project advancing to the EPC finalisation stage.

Commenting on the results, 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.”

Nava Limited, a diversified Indian multinational with interests across Metals, Mining, Energy, Commercial Agriculture, and Emerging Businesses, announced a robust performance for the quarter ended 30 September 2025. The company recorded sustained operational growth, strategic project progress, and continued shareholder value creation through consistent dividends.For Q2 FY26, consolidated total income stood at Rs 9897 million, supported by stable operations across businesses. Net profit rose to Rs 1775 million, driven by strong operational efficiency. The company declared an interim dividend of 300 per cent, reinforcing its commitment to shareholder returns.The 60 MW Captive Power Plant in Odisha transitioned to an Independent Power Plant from 1 November 2025, enhancing revenue visibility. MEL realised US$ 30 million during the quarter, reducing arrears to US$ 55.5 million, while Nava Global declared a US$ 10 million dividend, taking cumulative payouts to US$ 24 million.On the project front, MSEL’s 100 MW solar plant commenced construction in September 2025 and is on track for commissioning in H2 FY27. MEL’s 300 MW expansion in Zambia also continues on schedule.Standalone revenue grew 28.9 per cent year-on-year to Rs 5555 million, with PAT up 7.1 per cent to Rs 1565 million. In the Metals segment, Ferro Alloys sales surged 70 per cent to 32,760 MT. The Energy division achieved a PLF of 80.4 per cent, and margins are expected to strengthen further with falling coal prices.Nava’s Commercial Agriculture segment also progressed, with its Zambia-based avocado plantations set to yield their first commercial output in H2 FY26, and the integrated sugar project advancing to the EPC finalisation stage.Commenting on the results, 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.”

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