NAVA LIMITED — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

NAVA Limited posted consolidated revenue of Rs.4,135 Cr, up 4.6% YoY, with PAT of Rs.1,434 Cr for FY25, setting new highs. Metals, Mining, and Energy businesses grew, with Ferroalloys turning profitable supported by US demand and improved Japanese margins. Power contracts cover ~60% capacity till Sept 2025; cost efficiencies and plant conversions are expected to aid margins. Key projects include a 150 MW solar plant (capex US$90 million) by July 2026, 300 MW coal expansion, avocado plantation commercial fruit production by year-end, and a sugar plant by March 2028. Net debt is minimal excluding non-recourse $94 million Maamba Phase-II debt. Management is confident on execution and value creation ahead.