Date: August 14, 2026
Financial Performance Summary
Consolidated Performance (₹ crore)
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | FY26 |
| Revenue from Operations | 1,212 | 1,143 | 1,193 | 4,291 |
| Total Income | 1,269 | 1,195 | 1,233 | 4,479 |
| EBITDA | 584 | 423 | 628 | 1,905 |
| Profit Before Tax (PBT) | 480 | 325 | 536 | 1,502 |
| Profit After Tax (PAT) | 333 | 136 | 399 | 1,039 |
Standalone Performance (₹ crore)
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | FY26 |
| Revenue from Operations | 522 | 559 | 530 | 1,925 |
| Total Income | 689 | 614 | 573 | 2,242 |
| EBITDA before exceptional item | 319 | 170 | 187 | 703 |
| Profit Before Tax (PBT) | 309 | 564 | 178 | 1,070 |
| Profit After Tax (PAT) | 266 | 478 | 141 | 911 |
Key Financial Highlights
- Record quarterly total income of ₹1,269 crore (consolidated), highest in company history
- Revenue from operations increased 6.0% QoQ to ₹1,212 crore (consolidated)
- Standalone PBT before exceptional items rose 92.9% QoQ
- Energy revenue increased 18.3% QoQ supported by healthy PLFs across plants and availability of bilateral contracts
- Mining revenue increased 20.4% QoQ driven by higher sales volumes
- Received US$15 million dividend income from Nava Global during the quarter
- MEL realized US$15 million from ZESCO, reducing outstanding arrears to US$13.4 million
Business Segment Updates
Energy Business
- MEL's Phase II 300 MW project will be commissioned in phases by July 2027
- Project faced severe challenges from higher costs due to ongoing crisis in West Asia, impacting supply chains, vessel movements, container availability and delivery schedules of critical equipment
- MEL remains well positioned to absorb marginal increase in capex
- Maamba Solar Energy Limited's 100 MW solar project set for commissioning by September 2026 when power flows and commercial revenues commence
Mining Business
- Manganese exploration at Nava's 360 sq. km concession in Côte d'Ivoire has yielded promising results
- Company progressing towards exploitation permit for manganese
- Lithium and Tantalum exploration continues as Nava builds future resource optionality across Africa
- Company diversifying mining portfolio beyond coal
Agribusiness
Nava Avocado Limited
- Total plantation activity in all divisions targeted for completion by end of FY27 / Q1 FY28
- State-of-the-Art Packhouse implementation in advanced stage, set for commissioning in October 2026
- Packhouse commissioning timed well before the harvest of FY27
Kawambwa Sugar Limited
- Sugarcane plantation progressing well for multiplication under pivot irrigation systems
- Supplies of sugar and power plant equipment have commenced from India
- Construction and infrastructure development have gained pace
- Project expected to be commissioned by March 2028
- Project includes fully integrated sugar cane estate, co-generation of power and distillery
Management Commentary
Ashwin Devineni, Managing Director & CEO, Nava Limited commented: "Nava's highest-ever quarterly income reflects the strength of our diversified portfolio, disciplined cost management and resilient operating performance. Strong energy and mining operations, coupled with healthy dividend flows from our international businesses, have supported a significant improvement in profitability.
As we continue to navigate near-term global uncertainties, our focus remains on operational resilience and disciplined execution. Our investments in renewable energy and commercial agriculture across Africa are designed to create the next phase of sustainable, geographically diversified growth and long-term value for our shareholders."
Company Background
Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare and commercial agriculture. The Company operates one of India's leading ferro alloys businesses and Zambia's largest mine-to-mouth power plant. Nava is expanding its global presence through investments in renewable energy and commercial agriculture, with a focus on building a diversified and resilient portfolio.