Nava Q2 Results: Shares jump 8% after profit more than doubles; EBITDA rises 51%

Detailed summary

Nava also announced the commissioning of a 100 MW solar power project in Zambia, marking a further expansion of its renewable energy footprint.

Shares of NavaLtd. were trading with gains of 8% higher on Thursday, November 12, after the company reported a strong set of Q2FY27 results, with consolidated net profit more than doubling year-on-year, alongside healthy growth in revenue and operating profitability.

The company reported a 29.9% year-on-year increase in revenue to ₹1,252.3 crore for the September quarter, compared with ₹964 crore in the corresponding period last year.

Net profit surged to ₹315 crore from ₹129 crore in the year-ago quarter, while EBITDA increased 51.3% to ₹478 crore from ₹316 crore.

The company's EBITDA margin also expanded to 38.1% from 32.7% in the corresponding quarter last year, indicating an improvement in operating profitability.

Among its business segments, the Energy division continued to be the key growth driver, with revenue increasing 34.4% year-on-year to ₹993.6 crore from ₹739.2 crore.

The Mining segment also delivered healthy growth, with revenue rising 33% to ₹153.6 crore from ₹115.4 crore.

However, the Ferro Alloys business remained relatively subdued, with revenue declining 3.9% year-on-year to ₹266.2 crore from ₹276.9 crore.

Nava highlighted healthy plant load factors (PLFs) across its domestic energy operations, supporting the performance of the Energy segment during the quarter.

The company also announced the commissioning of a 100 MW solar power project in Zambia, marking a further expansion of its renewable energy footprint.

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