Nava Limited Q2 FY27 Financial Results and Business Update
Hyderabad, India – 12 November 2026 – Nava Limited, the flagship of a diversified multinational group active in metals, energy, mining and commercial agriculture, released its consolidated financial results for the quarter ended 30 September 2026 (Q2 FY27).
Financial Performance
The company recorded its highest ever quarterly revenue of ₹1,252 crore, representing a 30% year‑on‑year (YoY) increase over ₹964 crore in Q2 FY26 and a modest rise from ₹1,212 crore in Q1 FY27. Total income rose to ₹1,336 crore, up 35% YoY from ₹990 crore in the comparable quarter last year. EBITDA reached ₹561 crore, a 64% YoY gain versus ₹341 crore in Q2 FY26. Profit before tax climbed to ₹453 crore, an 86% YoY increase, while profit after tax (PAT) surged to ₹403 crore, a 127% YoY jump from ₹177 crore in Q2 FY26. For the first half of FY27, revenue from operations totaled ₹2,464 crore, a 14% rise over the ₹2,157 crore recorded in H1 FY26; H1 FY27 profit after tax was ₹736 crore, up 28% from ₹577 crore in the prior half.
Business and Strategic Developments
Energy – The energy segment delivered strong results, supported by healthy plant load factors (PLFs) in domestic operations. A 100 MW solar power project in Zambia was commissioned during the quarter, marking a significant renewable‑energy milestone. The company’s MEL Phase II 300 MW power expansion remains on track, with full commissioning targeted for July 2027.
Mining – In Côte d’Ivoire, exploration continues across a 360 sq km manganese concession, with initial results described as promising. Parallel lithium and other mineral exploration activities are ongoing in Zambia.
Agribusiness – Nava Avocado Limited is set for its first commercial harvest and sales between November 2026 and March 2027, leveraging a state‑of‑the‑art packhouse and holding GlobalG.A.P. and SMETA accreditations for international market access. Kawambwa Sugar Limited reported that its integrated sugar project is on schedule for commercial operations in FY 2028‑29, with progress in sugarcane cultivation, irrigation infrastructure and construction activities.
Financial Position Strengthening
The quarter also saw a substantial recovery of outstanding receivables from ZESCO, the Zambian utility, further bolstering the company’s balance sheet and cash position.
Management Commentary
Ashwin Devineni, Managing Director & CEO of Nava Limited, stated: “Nava's record quarterly and year‑to‑date operating revenue reflects the strength of our diversified businesses and the sustained performance of our core operations. The robust year‑on‑year growth in profitability, supported by our energy and mining businesses, reinforces the resilience of our operating model. Beyond financial performance, this quarter marks meaningful progress in our long‑term growth strategy. The commissioning of our 100 MW solar project in Zambia represents an important milestone in our renewable energy journey, while the substantial recovery of outstanding receivables from ZESCO further strengthens our financial position. With our 300 MW power expansion progressing and our agribusiness ventures approaching key commercial milestones, we remain focused on disciplined execution, operational excellence and building a diversified portfolio that creates sustainable long‑term value.”
Company Overview
Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests spanning metals, energy, mining, healthcare and commercial agriculture. It operates one of India’s leading ferro‑alloys businesses and Zambia’s largest mine‑to‑mouth power plant, and is expanding globally through investments in renewable energy and commercial agriculture.
Media Contact
Ms. Lisa Rufus G.
This press release contains forward‑looking statements based on management’s beliefs as of the date of release. Actual results may differ due to risks and uncertainties.