NAVA LIMITED

Financial Performance Highlights

Consolidated Financial Results (₹ crore, except percentages)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹1,252 crore (vs ₹964 crore in Q2 FY26) - 30% YoY growth
  • Total Income: ₹1,336 crore (vs ₹990 crore in Q2 FY26) - 35% YoY growth
  • EBITDA: ₹561 crore (vs ₹341 crore in Q2 FY26) - 64% YoY growth
  • Profit Before Tax: ₹453 crore (vs ₹244 crore in Q2 FY26) - 86% YoY growth
  • Profit After Tax: ₹403 crore (vs ₹177 crore in Q2 FY26) - 127% YoY growth

Sequential Performance (Q2 FY27 vs Q1 FY27):

  • Revenue from Operations: ₹1,252 crore (vs ₹1,212 crore in Q1 FY27)
  • Total Income: ₹1,336 crore (vs ₹1,269 crore in Q1 FY27)
  • EBITDA: ₹561 crore (vs ₹583 crore in Q1 FY27)
  • Profit Before Tax: ₹453 crore (vs ₹480 crore in Q1 FY27)
  • Profit After Tax: ₹403 crore (vs ₹333 crore in Q1 FY27)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹2,464 crore (vs ₹2,157 crore in H1 FY26) - 14% YoY growth
  • Total Income: ₹2,604 crore (vs ₹2,222 crore in H1 FY26) - 17% YoY growth
  • EBITDA: ₹1,144 crore (vs ₹969 crore in H1 FY26) - 18% YoY growth
  • Profit Before Tax: ₹933 crore (vs ₹780 crore in H1 FY26) - 20% YoY growth
  • Profit After Tax: ₹736 crore (vs ₹577 crore in H1 FY26) - 28% YoY growth

Business and Strategic Developments

Energy Segment

  • Delivered strong performance supported by healthy Plant Load Factors (PLFs) in domestic operations
  • Commissioned 100 MW solar power project in Zambia, marking a significant milestone
  • MEL's Phase II 300 MW power expansion continues to progress with full commissioning targeted for July 2027

Mining Operations

  • In Côte d'Ivoire: Exploration activities at 360 sq. km manganese concession continue to advance with promising initial results
  • In Zambia: Exploration for lithium and other minerals is ongoing

Agribusiness Division

Nava Avocado Limited:

  • First commercial harvest and sales scheduled from November 2026 to March 2027
  • Utilizing state-of-the-art packhouse facility
  • Has GlobalG.A.P. and SMETA accreditations for international market access

Kawambwa Sugar Limited:

  • Integrated Sugar project implementation on track for commercial operations from FY 2028-29
  • Progress in sugarcane cultivation, irrigation infrastructure and construction activities
  • Company leveraging rich experience for best cost and project management practices

Key Factors Driving Performance

  • Energy segment performance in the forefront
  • Contributions from other businesses
  • Positive deferred tax adjustment
  • Recovery of arrears from utility in Zambia (substantially improved financial position)
  • Continued upstreaming of dividends

Management Commentary

Ashwin Devineni, Managing Director & CEO, commented: "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 Background

Nava Limited is a publicly listed multinational corporation founded in 1972 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. The company is expanding its global presence through investments in renewable energy and commercial agriculture.

Forward-Looking Statements Disclaimer

The document contains forward-looking statements based on management's beliefs, opinions and expectations as of the date of release. Actual results may vary due to risks and uncertainties, and the Company does not assume any obligation to update such statements.