The Quarter story
The two most recent quarterly results, compared side-by-side.
Nava Ltd shows strong profitability and operational efficiency, though ferro silicon output and dividend payouts are contracting.
EBITDA margin expanded from 24.1% to 46.3% from Q4 2024-25 to Q1 2026-27 — strong pricing power drives profitability
Dividend payouts fell from ₹30.4 Cr to ₹15 Cr from Q4 2024-25 to Q1 2026-27 — reduced shareholder returns
Profit before tax surged from ₹118.1 Cr to ₹479.6 Cr from Q4 2024-25 to Q1 2026-27 — sustained earnings momentum
Captive power sales dropped from 172 kWh to 117 kWh from Q4 2024-25 to Q1 2026-27 — lower internal consumption
Credit losses narrowed from ₹47.5 Cr to ₹4.4 Cr from Q4 2024-25 to Q1 2026-27 — improved collection efficiency
Ferro silicon production fell from 5,145 MT to 231 MT from Q4 2024-25 to Q1 2026-27 — significant output curtailment
Merchant power sales surged from 163 kWh to 351 kWh from Q4 2024-25 to Q1 2026-27 — aggressive market gains
Ferro silicon sales dropped from 4,682 MT to 353 MT from Q4 2024-25 to Q1 2026-27 — weak market absorption
Plant load factor climbed from 80.4% to 89.3% from Q4 2024-25 to Q1 2026-27 — optimized power plant utilization
Phase II debt climbed from $94.8 Mn to $175.6 Mn from Q4 2024-25 to Q2 FY26 — expanded financing requirements
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