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Nava Ltd

Q2 FY26Power

Nava Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹545
Market cap₹15.5K Cr
P/E20.4
Updated16 Oct 2026
Read5 min read

The short version

Nava Limited has a strong pipeline of future projects in energy, mining, metals, and agriculture sectors expected to add to revenue and bottom line in coming years. - The 300-megawatt power expansion in Zambia is progressing well, with commissioning expected by late next year. - The 100-megawatt solar power project under construction will contribute to future revenue, though detailed margin guidance is not yet provided. - Avocado plantation revenue will start modestly in the second half of FY '26, scaling up to full production by FY '28. - The company is open to exploring new growth opportunities geographically without being limited to specific regions. - Total equity commitment of approx. Nava Limited expects steady revenue growth driven by the Metals and Energy segments.

From Nava Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Nava Limited has a strong pipeline of future projects in energy, mining, metals, and agriculture sectors expected to add to revenue and bottom line in coming years.
  • The 300-megawatt power expansion in Zambia is progressing well, with commissioning expected by late next year.
  • The 100-megawatt solar power project under construction will contribute to future revenue, though detailed margin guidance is not yet provided.
  • Avocado plantation revenue will start modestly in the second half of FY '26, scaling up to full production by FY '28.
  • The company is open to exploring new growth opportunities geographically without being limited to specific regions.

2 more points from Nava Ltd's call on revenue

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Profitability & Margins

See what Nava Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The Maamba Energy Phase 2 expansion in Zambia is ongoing with a total capex outlay of $400 million; $226 million has been spent as of Q2 FY '26.
  • The 300 MW power expansion in Zambia is progressing on schedule with commissioning expected in the latter part of FY '27.
  • A 100 MW solar power project is under construction, with a power purchase agreement tariff set at 7.8 cents/kWh.
  • Nava Global has an equity commitment of approximately $200 million towards agri and energy sector expansions.
  • Exploration for lithium and manganese mining in Zambia and Côte d’Ivoire is underway, with results expected potentially by the end of next year.

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Top-ranked in Power

Ranked on what management guided this quarter

Guidance-ranked
1Insolation Ener
Rev 1Mar 1
2ACME Solar Holdings Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Nava Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Nava Limited. However, some related points about projects and growth plans include: - The Maamba Phase 2 coal power plant expansion in Zambia is ongoing with a total capex of $400 million, of which $226 million has been spent. - A 300-megawatt power expansion in Zambia is progressing as per schedule and expected to commission by the later part of next year. - A 100-megawatt solar power project is under construction with a signed PPA tariff of 7.8 cents/kWh. - The Odisha 60-megawatt thermal IPP has secured a 5-year long-term PPA starting February 2026.

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Nava Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹136 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Nava Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Nava Ltd Q2 FY26 results?

Nava Limited has a strong pipeline of future projects in energy, mining, metals, and agriculture sectors expected to add to revenue and bottom line in coming years. - The 300-megawatt power expansion in Zambia is progressing well, with commissioning expected by late next year. - The 100-megawatt solar power project under construction will contribute to future revenue, though detailed margin guidance is not yet provided. - Avocado plantation revenue will start modestly in the second half of FY '26, scaling up to full production by FY '28. - The company is open to exploring new growth opportunities geographically without being limited to specific regions. - Total equity commitment of approx. Nava Limited expects steady revenue growth driven by the Metals and Energy segments.

What is Nava Ltd share price analysis?

Nava Ltd currently shows a neutral. The stock trades at a P/E of 20.4 with a market cap of ₹15,455 Cr. Investors should review the full earnings analysis for detailed insights.

Is Nava Ltd planning capital expenditure?

The Maamba Energy Phase 2 expansion in Zambia is ongoing with a total capex outlay of $400 million; $226 million has been spent as of Q2 FY '26.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.