Nava Limited announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), reporting a consolidated revenue of ₹1,061.5 crore, marking a 7.3% increase quarter-on-quarter (QoQ). The company's Profit After Tax (PAT) saw a significant surge of 83.5% QoQ, reaching ₹325.7 crore. The operational revenue grew by 2.8% QoQ to ₹991.1 crore. The company's energy business in India experienced a revenue decline due to planned shutdowns, lower demand, and tariffs, with the Telangana plant operating at a 51.9% PLF and the Odisha plant at 72.5% PLF. In contrast, the mining division's revenue increased by 16.6% QoQ due to higher sales quantities. The MEL power plant in Zambia operated at a high Plant Load Factor (PLF) of 96.6% compared to 80.4% in Q2 FY26. The Maamba Energy business reported a reduction in arrears to US$30.5 million, with US$25.0 million realized since the last board meeting. Nava Global concluded a US$50 million buyback in January 2026 and has received cumulative dividends of US$24.0 million since April 2025. Looking ahead, MEL's Phase II 300 MW project is targeted for commissioning in H2 FY27, and Maamba Solar's 100 MW project is on track for commissioning in H1 FY27. The company also noted the first fruit yield from its avocado plantation and the progression of its integrated sugar project. On a standalone basis, revenue from operations decreased by 9.9% QoQ to ₹396.0 crore, while PAT stood at ₹135.3 crore, a decrease of 13.5% QoQ. The Ferro Alloys segment saw a 25.1% YoY increase in Silico Manganese production to 33,537 tons, with sales quantity rising by 82.3% YoY.
