Nava Limited reported its financial results for the quarter ending December 31, 2024, showing a decline in both revenue and profitability. The company’s net profit for Q3 FY25 stood at ₹352.36 crore, down 24.3% YoY from ₹465 crore in the year-ago period, while revenue from operations dropped 11% YoY to ₹842.49 crore.
Key Financial Highlights (Q3 FY25 vs Q3 FY24):
- Revenue from Operations: ₹842.49 crore, down 11% YoY
- Total Income: ₹878.13 crore, down 11.7% YoY
- Profit Before Tax (PBT): ₹391.63 crore, down 15.1% YoY
- Net Profit: ₹352.36 crore, down 24.3% YoY
Expense Overview:
- Cost of Materials Consumed: ₹279.65 crore, up 10.9% YoY
- Inventory Adjustments: -₹91.29 crore vs ₹19.63 crore
- Employee Benefits: ₹53.18 crore, up 2.2% YoY
Strategic Developments:
Nava Limited’s step-down subsidiary, Maamba Energy Limited (MEL), has incorporated a 100% subsidiary to develop a 100 MW solar project in Zambia. The project cost outlay, solar module technology, and power off-take arrangements with ZESCO are currently being finalized.
Outlook:
The company’s strategic focus on operational adjustments is expected to help mitigate challenges. Cost optimization and efficiency will remain critical for sustaining profitability as revenue pressures persist.
Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making investment decisions.
