According to reports from CNBC TV18, Nava Limited delivered mixed Q3FY26 results with revenue rising 17.6% year-on-year to ₹991 crore from ₹842.5 crore in the previous year. The growth was driven by steady momentum across key operating segments, demonstrating strong top-line performance despite operational challenges. However, profitability came under significant pressure as EBITDA slipped 1.6% to ₹442.8 crore, while margins narrowed sharply to 44.7% from 53.4% a year ago, indicating substantial margin compression.
As reported by CNBC TV18, net profit declined 11.3% year-on-year to ₹222 crore, weighed down by higher manufacturing expenses and increased tax outgo. Manufacturing costs rose to ₹124 crore from ₹118 crore, while tax expenses climbed to ₹57.4 crore compared with ₹41.3 crore last year, creating additional pressure on bottom-line performance. The combination of higher operational costs and tax burden contributed to the overall decline in profitability despite the strong revenue growth.
According to the earnings report, ferro alloys revenue surged to ₹266.2 crore from ₹165.9 crore, showing robust growth in this segment. The energy segment reported revenues of ₹883 crore versus ₹832 crore, indicating steady performance in this key business area. Additionally, mining revenues improved to ₹134.6 crore from ₹115.9 crore, contributing to the overall revenue growth across all operating segments.
As reported by CNBC TV18, shares of Nava Limited were trading at ₹562.65 on the NSE, down 2.61% following the earnings announcement. The stock recovered from the day's low of ₹550.10, showing some resilience despite the mixed results. The current performance reflects ongoing cost challenges that have persisted since Q2 FY26, when the company also experienced margin pressure despite moderate revenue growth.