Nava Q2 FY27 slides: profit doubles on strong energy performance

Nava Limited reported strong Q2 and H1 FY27 financial results on November 12, 2026, with consolidated profit after tax more than doubling to ₹403 crore. Revenue increased 29.9% to ₹1,252 crore, outperforming market expectations. The energy division led revenue growth at 34.4%, driven by all power plants operating at healthy Plant Load Factors and improved availability at Maamba Energy Limited.

The mining segment saw a 33.1% revenue rise due to higher sales volumes. EBITDA expanded 64.4% year-over-year to ₹561 crore, benefitting from better realizations in the Indian energy division and reduced coal prices. The company's stock rose 5.93% to $577, well above its 52-week range. Nava achieved an EBITDA margin of 42.0% and PAT margin of 30.2% in Q2 FY27, with a 34.9% year-over-year revenue increase to ₹1,335.6 crore.

The company expanded operations in India, Zambia, and agriculture, including the commissioning of the Maamba Solar 100 MW project and Global G.A.P accreditation for avocado plantations.