Zambian avocado yield from H2’FY26
Hyderabad’s Nava Limited, a diversified Indian multinational with interests spanning Metals, Mining, Energy, Commercial Agriculture, and Emerging Businesses, is investing in commercial agriculture in Zambia and in healthcare in Southeast Asia.
Nava’s avocado plantations in Zambia are expected to deliver the first commercial yield during H2’FY26. The integrated sugar project has advanced to the EPC finalization stage, supporting the group’s agribusiness diversification.
This update was given in consolidated financial results for the quarter ended 30 Sept 2025.
The company reported a resilient performance, sustained growth in key segments, and continued shareholder value creation through consistent dividend distributions.
Commenting on the results on 7 Nov, Ashwin Devineni, MD & CEO, said, “Our performance this quarter reaffirms Nava’s operational strength, disciplined execution, and long-term focus on sustainable value creation.
“The successful transition of our Odisha power plant to an IPP model and consistent dividend flow underscore our commitment to enhancing shareholder returns. With robust projects underway across energy and agriculture, Nava remains well-positioned for continued growth and global relevance.”
Key Highlights – Q2 FY26:
• Revenue: Rs.555.5 crore, up 28.9% YoY
• PAT: Rs.156.5 crore, up 7.1% YoY
• The 60 MW Captive Power Plant (CPP) in Odisha successfully transitioned to an Independent Power Plant (IPP) effective 1 Nov 2025, enhancing revenue visibility and operational metrics;
Strategic Project Milestones:
• Solar Expansion: MSEL’s 100 MW solar project commenced construction in September 2025, on track for commissioning in H2 FY27;
• MEL’s 300 MW expansion continues to progress strongly on schedule, reinforcing Nava’s position in Zambia’s energy landscape.
Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. Fiinews.com
