Published on: Thursday, 08 August 2024 ● 7 Min Read
HYDERABAD, India, Aug. 8, 2024 -- Nava Limited, a leading diversified conglomerate with business interests in metals, energy, mining, commercial agriculture, and healthcare is pleased to announce its financial results for the quarter ended 30th June 2024.
Key Highlights
NAVA is delighted to announce its quarterly results, reflecting significant financial growth and strategic advancements.
The impressive performance can be attributed to the diversified portfolio and robust business model, enabling it to navigate market volatility effectively. Strategic focus on operational efficiency and cost optimization has yielded positive outcomes, ensuring sustained profitability.
Financial Performance Highlights:
Standalone Performance
Particulars | June 2024 | June 2023 | YoY% | Mar 2024 | FY24 |
Total Revenue# | 545.5 | 438.6 | 24.4 % | 418.2 | 1,547.6 |
EBITDA# | 185.1 | 108.2 | 71.0 % | 102.9 | 332.5 |
EBITDA Margin % | 33.9 % | 24.7 % | 925 bps | 24.6 % | 21.5 % |
PBT | 175.5 | 98.8 | 77.6 % | 93.9 | 295.3 |
PAT | 131.1 | 72.8 | 80.0 % | 69.7 | 219.0 |
#Revenue and EBITDA exclude discontinued operations; EBITDA includes other income |
Consolidated Performance
Particulars | June 2024 | June 2023 | YoY% | Mar 2024 | FY24 |
Total Revenue# | 1,258.4 | 1,078.4 | 16.7 % | 951.6 | 3,955.0 |
EBITDA# | 626.0 | 572.4 | 9.4 % | 409.3 | 1,855.9 |
EBITDA Margin % | 49.7 % | 53.1 % | -333 bps | 43.0 % | 46.8 % |
PBT | 530.8 | 415.9 | 27.6 % | 273.7 | 1,379.4 |
PAT | 445.9 | 342.7 | 30.1 % | 255.1 | 1,256.1 |
#Revenue and EBITDA exclude discontinued operations; EBITDA includes other income |
Maamba Energy Limited (MEL) – Formerly Maamba Collieries Limited (MCL):
Nava Bharat Energy India Limited (NBEIL):
Agribusiness:
Nava Avocado Limited has successfully completed plantation in Division A with 91,500+ trees. Planting in Division B with 100,000 trees to commence in Oct/Nov 24. The growth of the planted trees and the ones in the nursery are good and healthy.
The farm is set to get grid power and road connectivity shortly, paving way for other lucrative growth opportunities in commercial agriculture and processing.
Ashwin Devineni, CEO of NAVA Limited, commented on the results saying, "We are thrilled with our performance this quarter, which is a testament to our strategic focus and operational excellence. The rebranding of Maamba Collieries to Maamba Energy Limited signifies our commitment to energy production and growth. The upcoming Phase-2 expansion is a significant milestone that will further strengthen our position in the energy sector. Additionally, our efforts in sustainable agriculture with the avocado plantation align with our long-term vision of environmental stewardship and community development."
"We remain dedicated to our long-term goals, including further diversification and global expansion. The strategic advancements made this quarter are in line with our vision of becoming a leading player in the industry. Our efforts to strengthen our supply chain, optimize resource utilization, and foster sustainable practices underscore our commitment to achieving sustained growth and creating value for our stakeholders," he added.
Quantitative Table of Operational Data (Sales Qty):
June 2024 | June 2023 | YoY% | Mar 2024 | FY24 | |
Metals (MT) | |||||
Silico Manganese | 22,989 | 28,313 | (18.8 %) | 31,725 | 113,942 |
Ferro Silicon | 2,127 | - | NA | 1,345 | 1,345 |
Energy (MUs) | |||||
Nava - Merchant Sales | 302.3 | 213.2 | 41.8 % | 113.2 | 615.4 |
Nava – Captive Consumption | 126.8 | 155.4 | (18.4 %) | 142.7 | 534.9 |
NBEIL | 256.6 | 173.8 | 47.7 % | 166.4 | 721.2 |
MEL | 588.1 | 488.3 | 6.1 % | 488.3 | 2,110.0 |
Mining (MT) | |||||
MEL – Coal | 124,941 | 126,365 | (1.1 %) | 95,866 | 487,776 |
About Nava Limited:
Nava Limited founded in 1972, is a listed MNC with business interests in metals, energy, mining, healthcare and commercial agriculture. Nava is one of the leading Ferroalloy producers in India, with about 175,000 MT capacity per annum. Besides India, Nava operates Zambia's largest mine-to-mouth powerplant. As a multinational company today, Nava is investing into commercial agriculture with one of the largest avocado plantations in Zambia and into emerging businesses such as Healthcare in South-East Asia, creating a strong global footprint. For more information about the Company and its businesses, please visit www.navalimited.com
For More Information, Contact:
Mr. VSN Raju
Company Secretary and Vice President
Nava Limited
Tel: +91 40 23403501/+91 40 67283333
mail id: investorservices@navalimited.com
Nava will host a conference call to discuss the quarterly financial results in detail on the 08th of August 2024 at 4.30pm (IST). Investors and others may visit our website for more details.
Media Contact for Nava Limited:
Ms. Lisa Rufus G.
Ph: +91 91542 40656
Note: This document may contain forward-looking statements about the Company & its subsidiaries, which are based on the beliefs, opinions and expectations of the Company's management as of the date of this press release. The company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. The information provided in this press release is based on the financial data available at the time of drafting. Any updates or revisions to the financial results may not be reflected in this document. Please refer to the official financial statements and disclosures released by NAVA LIMITED for the most accurate and up-to-date information.
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