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Nava Ltd

Q3 FY26Power

Nava Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹559
Market cap₹16.5K Cr
P/E21.6
Updated23 Aug 2026
Read5 min read

The short version

Full operations of the 300 MW thermal power plant and 100 MW solar project expected from FY 27-28, with projected revenues of $180-200 million and $15-16 million respectively. Nava Limited is focusing on completion and operation of key growth projects: 300 MW thermal power plant and 100 MW solar project in Zambia, expected to be fully operational by FY '27-28, contributing significant revenue ($180-$200 million and $15-$16 million respectively in full year operations).

From Nava Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Full operations of the 300 MW thermal power plant and 100 MW solar project expected from FY 27-28, with projected revenues of $180-200 million and $15-16 million respectively.
  • Ongoing expansion includes a $55 million avocado project and a $100 million Kawambwa Sugar project, expected to scale over 4-8 years.
  • Mining volumes remain steady at 35,000 to 42,000 tons monthly, considered sustainable.
  • Domestic power segment faces pricing pressure; growth supported by long-term contracts such as a 5-year PPA at INR 5.2/kWh with Tamil Nadu.
  • Zambia’s government is diversifying from hydro; multiple solar projects planned, including Nava's 100 MW solar project, adding renewable capacity.

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Profitability & Margins

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Capital Expenditure Plans

  • $55 million committed to avocado plantation project; currently 2 out of 4 divisions planted, with full production expected in ~8 years.
  • $100 million committed to Kawambwa Sugar Limited project; sugar complex processing unit expected to complete by mid-2028.
  • Ongoing capex for Zambia power projects:
  • Phase 2 thermal power plant (300 MW) with a total outlay of $400 million; ~$90-100 million spent in current year.
  • 100 MW solar power plant with $90 million outlay; $10 million capex incurred so far; payback period 10-12 years.
  • New projects in pipeline for FY '28, though too early to disclose specifics.

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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

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Order Book & Pipeline

The transcript does not specifically mention current or expected order book or pending orders for Nava Limited. However, it provides insights related to ongoing and upcoming projects which indicate the company's order pipeline: - $55 million commitment for avocado plantation project. - $100 million commitment for the Kawambwa Sugar Limited project. - Ongoing capex includes around $90-$100 million for Phase 2 thermal power plant and $10 million towards the 100 MW solar power plant. - Projects in pipeline are being evaluated for FY '28 and beyond, though specifics are not disclosed yet. - 300 MW thermal power plant and 100 MW solar power plant in Zambia are under execution with completion expected FY '27-28.

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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 Q3 FY26 results?

Full operations of the 300 MW thermal power plant and 100 MW solar project expected from FY 27-28, with projected revenues of $180-200 million and $15-16 million respectively. Nava Limited is focusing on completion and operation of key growth projects: 300 MW thermal power plant and 100 MW solar project in Zambia, expected to be fully operational by FY '27-28, contributing significant revenue ($180-$200 million and $15-$16 million respectively in full year operations).

What is Nava Ltd share price analysis?

Nava Ltd currently shows a neutral. The stock trades at a P/E of 21.6 with a market cap of ₹16,485 Cr. Investors should review the full earnings analysis for detailed insights.

Is Nava Ltd planning capital expenditure?

$55 million committed to avocado plantation project; currently 2 out of 4 divisions planted, with full production expected in ~8 years.

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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.