Nava Limited Reports Q2 FY26 Results with ₹990 Crore Income
Filing Summary
Nava Limited announced its unaudited financial results for Q2 FY26, reporting a consolidated total income of ₹990 crore and a net profit of ₹178 crore. The company declared an interim dividend of 300% and highlighted the transition of its 60 MW Captive Power Plant in Odisha to an Independent Power Plant. The company also reported significant progress in its solar and energy projects. Standalone revenue increased by 29% year-on-year to ₹556 crore. Key operational metrics included a 92% increase in Silico Manganese sales and a 4% rise in MEL coal production.
Nava Limited has released its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a consolidated total income of ₹990 crore and a net profit of ₹178 crore. An interim dividend of 300% was declared. The company highlighted the successful transition of its 60 MW Captive Power Plant in Odisha to an Independent Power Plant as of November 1, 2025.
Financially, Nava Limited’s consolidated total income stood at ₹990 crore for the quarter. The net profit was ₹178 crore. The company declared an interim dividend of 300%. MEL realized US$ 30 million during the quarter, reducing arrears to US$ 55.5 million. Since April 2025, MEL has distributed US$ 72.8 million to sponsors. Nava Global declared a US$ 10 million dividend on November 3, 2025, bringing the cumulative payout to US$ 24 million.
Operationally, the company reported a 92% year-on-year increase in Silico Manganese sales to 32,110 MT. Ferro Silicon sales decreased by 75% to 650 MT. The energy segment saw a merchant sales increase of 12% to 181 MUs. MEL operated at a PLF of 80.4%. The mining segment reported a 4% increase in coal production to 115,000 MT. The company also commenced construction of MSEL’s 100 MW solar project in September 2025, with commissioning expected in the second half of FY27.
In the context of market operations, the company reported steady operations in mining with positive margins. The energy segment’s domestic margins are anticipated to improve due to recent coal price reductions by Singareni Collieries. The commercial agriculture segment is progressing with avocado plantations in Zambia expected to yield commercially in the second half of FY26. The integrated sugar project is advancing to the EPC finalization stage.
The timeline for strategic projects includes the ongoing 300 MW expansion in Zambia, which is progressing on schedule. The solar project is expected to be commissioned in the second half of FY27. The transition of the Odisha power plant to an IPP model was effective from November 1, 2025.
Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. The company is one of India’s leading ferroalloy producers and operates Zambia’s largest mine-to-mouth power plant. Nava is expanding its global presence with investments in commercial agriculture in Zambia and healthcare in Southeast Asia.