Nava Reports Higher Revenue and Profit for Q3 FY25

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UTI ALT MNG CPR OIL ENV AGR

HYDERABAD, India, Feb. 7, 2025 /PRNewswire/ -- Nava Limited, a leading conglomerate with business interests in metals, energy, mining, commercial agriculture, and healthcare, has announced its financial results for the quarter and nine months ended 31st December 2024.

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Key Business Highlights

  • Nava Limited has reported higher consolidated performance for 9 month ending December 2024 
  • Quarter-on-quarter, consolidated profit increased by 6%, reflecting a strong resilience despite revenue drop.
  • Ongoing overseas projects are on track.

Renewable Energy Initiatives

  • Nava Limited\'s subsidiary, Maamba Energy Limited, has incorporated \'Maamba Solar Energy Limited\' in Zambia on 28th Jan 2025 as a 100% subsidiary, to assess the feasibility of developing a solar power project in Zambia.
  • Project cost, technology selection, and power off-take agreements with ZESCO are currently underway.

FINANCIAL PERFORMANCE

Consolidated Results:

Particulars 

(in INR Crore)

 

Dec 2024

 

Dec 2023

 

YoY%

 

Sep 2024

 

9M FY 2025

9M FY 2024

 

YoY%

Total Revenue#

878.1

995.0

(11.7 %)

942.9

3,079.4

3,003.4

2.5 %

EBITDA#

485.5

475.2

2.2 %

456.1

1,567.6

1,446.5

8.4 %

EBITDA Margin %

55.3 %

47.8 %

752 bps

48.3 %

50.9 %

48.2 %

274 bps

PBT

391.6

464.1

(15.6 %)

361.2

1,284.2

1,104.3

16.3 %

PAT

353.3

465.0

(24.0 %)

331.9

1,131.2

1,001.0

13.0 %

 # Revenue and EBITDA exclude discontinued operations; EBITDA includes other income 

 * Exchange rate is Rs. 83.89 for Dec 24, Rs. 82.71 for Dec 23 and Rs. 83.76 for Sep 24  

 

Standalone Performance:

Particulars 

(in INR Crore)

 

Dec 2024

 

Dec 2023

 

YoY%

 

Sep 2024

 

9M FY 2025

9M FY 2024

 

YoY%

Total Revenue#

295.8

335.8

(11.9 %)

430.5

1,271.9

1,129.4

12.6 %

EBITDA#

77.7

70.7

9.8 %

173.2

435.9

229.6

89.9 %

EBITDA Margin %

26.3 %

21.1 %

519 bps

40.2 %

34.3 %

20.3 %

1395 bps

PBT

68.2

62.0

9.9 %

164.3

408.4

200.0

104.2 %

PAT

47.4

45.1

5.0 %

146.1

324.6

149.3

117.4 %

# Revenue and EBITDA exclude discontinued operations; EBITDA includes other income 

                

  • Standalone PAT increased by 5% Y-o-Y to ?47.4 crore, despite a 9% decline in operational revenue.

DIVISIONAL INSIGHTS

Maamba Energy Limited (MEL):

  • Plant Availability: Maintained high operational efficiency with a 95.1% plant availability.
  • Revenue & Profitability: Total income for the quarter was ?546.8 crore, while PAT stood at ?291.3 crore.
  • Financial Strength: MEL paid $139.7 million towards overdue interest and repayment of shareholder loans.
  • Phase II Expansion: Construction is progressing steadily, with orders placed for major plant and machinery.

Metals Division:

  • Plans to mitigate severe sectoral pressure by diversifying products and exports.

Domestic Energy Plants:

  • Captive and merchant power operations remain stable with moderate coal costs, despite merchant challenges.
  • Planned maintenance outages impacted the plant availability during Q3.

Commercial Agriculture Projects:

  • Avocado Plantation work is progressing smoothly with construction on a state of the art pack-house set to begin before H2 FY 26.
  • For the integrated Sugar Project, preparatory works for land development, irrigation and captive plantation are under way with the Government set to fulfil the infrastructure development.

Commenting on the results, Ashwin Devineni, CEO of Nava Limited said, \"Despite challenging market conditions, we have maintained profitability and enhanced operational efficiencies. Our continued focus on business expansion, cost optimization, and strategic investments will drive long-term value creation for our stakeholders. Our commitment to sustainable growth is reflected in our planned diversification strategies, that are expected to take shape in due course of time.\"

Quantitative Table of Operational Data (Sales Qty):



Dec 2024

Dec 2023

YoY%

Sep 2024

9M FY 2025

9M FY 2024

YoY%

Metals (MT)















Silico Manganese

17,358

24,503

(29.2 %)

16,694

56,571

82,217

(31.2 %)

Ferro Silicon

2,710

-

NA

2,643

7,480

-

NA

Energy (MUs)















Nava - Merchant Sales

142

131

7.9 %

162

468

529

(11.4 %)

Nava – Captive Consumption

162

109

48.6 %

172

460

392

17.4 %

NBEIL

118

177

(33.25)

208

583

555

5.1 %

MEL

557

575

(3.1 %)

500

1,645

1,622

1.4 %

Mining (MT 000\'s)















MEL – Coal

107

139

(23.0 %)

110

342

392

(12.8 %)

 

About Nava Limited

Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India\'s leading ferroalloy producers, Nava also operates Zambia\'s largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and healthcare in Southeast Asia. For more information, please visit www.navalimited.com.

For more information, contact:

Mr. VSN Raju

Company Secretary and Vice President

Nava Limited

Tel: +91 40 23403501 / +91 40 67283333

Email: investorservices@navalimited.com

Media Contact:

Ms. Lisa Rufus G.

Phone: +91 91542 40656

Email: lisa.r@navalimited.com

Nava Limited will host a conference call to discuss the quarterly financial results in detail on 07 February 2025 at 1600hrs (IST). Investors and stakeholders are invited to visit the company\'s website for further details.

This document may contain forward-looking statements based on management\'s beliefs, opinions, and expectations as of the date of this release. Actual results may vary due to risks and uncertainties, and the company does not assume any obligation to update such statements in response to future developments. Please refer to official disclosures for the most accurate and up-to-date information.

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