NAVA LIMITED — Updates, 14-11-2024: Press Release

Nava Limited has reported a strong performance in its financial results, showing significant growth driven by its diversified operations. The company's consolidated Profit After Tax (PAT) reached ₹331.9 crore, marking a year-over-year increase of 71.7%. Standalone PAT was reported at ₹146.1 crore, boosted by a $10 million dividend from its Singapore subsidiary. The energy and metals divisions played a crucial role in this growth, with the energy division overcoming maintenance challenges and the metals division benefiting from solid order bookings.

The Board has approved a stock split to improve share liquidity. Additionally, Nava is expanding its strategic portfolio with the commencement of a 300 MW Phase-II energy project and launching an integrated sugar project in Zambia, anticipating a capital outlay of $125 million. With a proactive approach to operational challenges and a focus on growth in key sectors, Nava Limited positions itself for positive future prospects. Investors are encouraged to monitor these developments closely as the company enhances shareholder value through strategic initiatives and financial resilience.