ALFA Finder
The call ran from 4:01 PM to 4:36 PM IST (35 min).
Key takeaways
Record Q2 revenue of ₹1,252 Cr (~30% YoY) and PAT of ₹403 Cr, but management declined to guide numbers and operating margin reportedly fell to 38% from 43%.
| Revenue growth | Revenue up ~30% YoY to ₹1,252 Cr, record quarter; organic split unstated. |
|---|---|
| Margins | Operating margin reportedly 43% to 38%; attributed to forex and power losses. |
| Demand visibility | IEX rates reportedly up ~40%; merchant surplus largely contracted until May. |
| Management confidence | Balanced; upbeat tone, but evasive on guidance and solar EBITDA. |
Growth
Revenue up nearly 30% YoY to ₹1,252 Cr; PAT more than doubled to ₹403 Cr (consolidated).
Outlook
Phase-one maintenance shutdowns from ~May 2027, ~3 months per unit; management declined PAT guidance; debt ~US$300-350M over four years.
Risks
Operating margin reportedly down to 38% from 43%; forex and fuel cost pressure; ~₹45 Cr fluctuating other income.
Last quarter's promises, checked
Delivered
- Guided consolidated EBITDA 35–40% of segment EBITDA → operating margin 38% (= BEAT)
Partly delivered
- Guided 100 MW solar by end-Sep 2026 → 100 MW commissioned, date unstated (= PARTIAL)
- Guided Phase-2 tax holiday 'actively pursued' → still being pursued (= PARTIAL)
Missed
- Guided Phase-2 thermal commissioning Jan–Feb 2027 (original, per analyst) → now Jul 2027 (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
NAVA Q2 FY27 Results: Net Profit ₹403.4 Cr, Up 127.3% YoY
NAVA Ltd reported revenue from operations of ₹1,252 Cr (+29.9% YoY) and net profit of ₹403.4 Cr (+127.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹403.4 Cr · +127.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Solar project commissioning July 2026; 300MW thermal expansion by January 2027; Avocado revenue peak $22M.
Growth they described
Strong standalone PAT of ₹911 Cr; high cash generation from overseas buybacks and stable operations.
Call details
| Company | Nava Ltd |
|---|---|
| NSE symbol | NAVA |
| ISIN | INE725A01030 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 4:00 PM IST |
| Length | 35 min |
| Audio | Our stream on YouTube ↗ |
Nava Ltd: key numbers
- Share price
- ₹574.75
- Market cap
- ₹16,285 Cr
- Revenue (annual)
- ₹4,291 Cr
- Net profit (annual)
- ₹786.7 Cr
- P/E (TTM)
- 17.3×Sector 21.5×
- Promoter holding
- 50.03%+0.00% QoQ
- FII holding
- 9.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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