NAVA LIMITED — Investor Meet, 11-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Nava Limited delivered a strong Q3 FY'26, with consolidated net profit up 83.5% QoQ and EBITDA margin at 48.3%, driven by Maamba Energy's (MEL) 97% plant load factor. Mining revenue also grew 16.6%.

The company completed a $50 million Nava Global buyback. Key growth projects include MEL's 300 MW thermal expansion ($400 million capex) and a 100 MW Zambia solar project ($90 million capex), both targeting full operation by FY27-28 for diversified earnings. Domestic power strategy involves long-term contracts like the 5-year PPA at INR 5.2/kWh. Ferro Alloys pricing has improved. Management is focused on project execution and sustainable long-term value.