{"id":175481,"date":"2026-01-22T13:04:23","date_gmt":"2026-01-22T18:04:23","guid":{"rendered":"https:\/\/alphastreet.com\/india\/nava-ltd-nava-q1-2026-earnings-call-transcript\/"},"modified":"2026-01-22T13:04:23","modified_gmt":"2026-01-22T18:04:23","slug":"nava-ltd-nava-q1-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nava-ltd-nava-q1-2026-earnings-call-transcript\/","title":{"rendered":"Nava Ltd (NAVA) Q1 2026 Earnings Call Transcript"},"content":{"rendered":"

Nava Ltd (NSE: NAVA) Q1 2026 Earnings Call dated Aug. 14, 2025<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Unidentified Speaker<\/strong><\/p>\n

Ashwin Devineni<\/strong> \u2014 Managing Director and Chief Executive Officer<\/em><\/p>\n

Nikhil Devineni<\/strong> \u2014 Executive Director<\/em><\/p>\n

GRK Prasad<\/strong> \u2014 Executive Director<\/em><\/p>\n

Analysts:<\/h2>\n

Unidentified Participant<\/strong><\/p>\n

Mohit Kumar<\/strong> \u2014 Analyst<\/em><\/p>\n

Anukul Arora<\/strong> \u2014 Analyst<\/em><\/p>\n

Viraj Mahadevia<\/strong> \u2014 Analyst<\/em><\/p>\n

Nidhi Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Gopal Kakani<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to the NAVA Limited Q1 FY26 earnings conference call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference has been recorded. And now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you. And over to you, sir.<\/p>\n

Mohit Kumar<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you, Shubham. Good evening. On behalf of ICICI Securities, I welcome you all to the G1FY26 earnings score of NAVA Limited. Today we have with us from the management. Mr. Ashwin Devinani, CEO, Mr. J.R. kiparsad, Executive Director, Mr. Nikhil Dharanani, Executive Director, Mr. K.V.S. mittal, CFO and Mr. V.S.N. raju, Company Secretary. We will begin with the opening remarks for the management which will be followed by Q and A. Thank you. And over to you, sir.<\/p>\n

Ashwin Devineni<\/strong> \u2014 Managing Director and Chief Executive Officer<\/em><\/p>\n

Thank you. Good afternoon ladies and gentlemen and thank you for joining us today. I am delighted to share that Nava has once again set a new benchmark delivering its highest ever quarterly profit in Q1 FY26. A clear reflection of strong and consistent operational performance across all businesses. Consolidated revenues reached rupees 1213 crore rising nearly 15% sequentially while net profit surged over 61% quarter on quarter to 490 crore. This exceptional growth was driven by robust energy operations, higher realizations in our metal businesses and disciplined cost control. One of the most notable achievements this quarter was the sharp improvement in Mamba Energy Limited’s receivables position where areas of US$75million successfully collected.<\/p>\n

Equally significant was made with the median dividend of USD 32.5 million declared by MEL further strengthening our balance sheet and enhancing cash flow visibility. On the growth front, we are making steady tangible progress. The MEL Phase 2 expansion adding 300 megawatts of capacity and the 100 megawatt solar project in Zambia are moving forward on schedule. Commercial agriculture initiatives in Africa are advancing with avocado plantations poised for their first commercial harvest later this year and the integrated sugar project progressing as planned in India. Our strategy to convert active power plants in Telangana and Orissa into independent power producers will enable higher PLF and open new market opportunities.<\/p>\n

This quarter’s performance highlights not just the resilience of our business model and the strength of our execution capabilities, but also the clear momentum in Our strategic growth initiatives. We are building on this foundation to deliver even greater value in the quarters ahead. I now welcome your questions. Thank you.<\/p>\n

Questions and Answers:<\/h2>\n

operator<\/strong><\/p>\n

Thank you very much. We will now begin with a question and answer session. Anyone who wishes to ask a question by press and one on the Touchstone phone. If you wish to remove yourself from the question queue, you may press star and two participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line from Anukul from Invad. Please go ahead.<\/p>\n

Anukul Arora<\/strong><\/p>\n

Yeah, hi sir. Thanks for the opportunity. So congratulations on the set for receiving out on the receivables that were due in Mel. I just wanted to know that the outstanding receivers are now you may see 85.5 million. So how much of this are you expecting for this year? Basically for FY26.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yeah. So I think you know, with regards to areas like I’ve mentioned on the previous calls too, this is a constant discussion process with Zesco. We expect to receive the entire $85 million in areas before the end of this financial year.<\/p>\n

Anukul Arora<\/strong><\/p>\n

Okay, so entire receivables would be receivable by this entire year? Basically.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yes.<\/p>\n

Anukul Arora<\/strong><\/p>\n

Got it, got it. Another question that I had was the last con call you told that there are tax exemption will continue for the entire year. But this year the tax was there. Could you just throw some light on the same?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yes. So we have revisited the tax position in consultation with the local tax authorities in Zambia. And we have received a confirmation that from this year onwards, which is financial year 26 onwards, part of the tax concession will not be available. So just to clarify, up to last year we had 100% of the power profits. Profits generated out of the power business was exempted for the next three years, which is FY26, 27 and 28, we will be taxed at 50% of the tax rate, which is 15%. And the last two years we will be taxed at 75% of the tax rate which is 22.5%.<\/p>\n

Anukul Arora<\/strong><\/p>\n

All right, sir, got in the clarification. Thank you so much on that.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Viraj Mahadevia from Mani Group. Please go ahead.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

5 Congrats on stable results. Just if you could elaborate a little bit on the sugar cane or the sugar plant in Zambia. You mentioned the power plant has been set for relocations. You can elaborate what that is. But why you decided to enter sugar. In Zambia and how this 200 million will be Funded debt and equity.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

The sugar plant, the cogeneration power plant has been with us in NOAA since 2017. In an ideal way, what we found is we could actually have them relocated as part of the KSL integrated project to obtain two benefits. One, to meet full power requirement of the sugar project and also to provide an opportunity to sell power in that region, which is very short in terms of power. So the proposal is to relocate the 20 megawatt power plant to. Jamie.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

So sorry, just to understand the full thought process, the raw keen stocks on the plantation will be used as part of the sugar power plant to generate electricity which is sold back to the grid. Is that correct?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

No, no. This power plant has been idle. It’s not been generating any power in Genoa. What we are proposing to do is to have that relocated to JAMIA to obtain a better value. Otherwise we need to have it scrapped here. So what? By doing the relocation we actually are getting a much value upside in terms of the capturing the entire WDV value of that sugar plant.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Understood.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

From processing, the sugar would be used as fuel. Part of the power would be used for captive use by the sugar plant and the remainder balance would be sold in the open grid.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Understood. Can you elaborate what the 200 million is required then if the plant is already in existence in India and shipped to Zambia.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

I’m sorry, can you repeat.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

The s release as CAPEX outlay for the Sugar project is $200 million.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

Right. The $200 million comprises the full fledged plantation. The plantation cost also is included in that $200 million. Aside from the actual sewer plant, the coal generation power plant and distillate.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Okay, and over what period will these investments be made?<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

This will get spent till April 28 by when we expect the crushing and the sugar production commences.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

So next to financial year next to financial.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

That’s right.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Okay, thank you. I’ll come back.<\/p>\n

operator<\/strong><\/p>\n

Thank you. Before we take the next question, we would like to remind participants, if you wish to ask a question, you may press start and one, the next question comes from the line of Nidisha from ICICI securities. Please go ahead.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

Yes, thank you so much for taking my questions. So my first question is on. Is on Mel 2. So I just wanted to ask what is the capex that was done in Q1 and what is the capex that remains for this plant?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

See, MEL started the phase two works in August 24th. Currently the process is on and the expense that the incremental CAPEX that you see is practically on Mel phase two, about 700 crores incremental one, 600 crores. Yeah. And the balance works will happen over the next four quarters. We expect the bulk of that capex getting incurred in that period with the balance towards the commissioning phase which is in Q2 of FY27. Q1. End of Q1.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

All right. My second question on this is that I recall that 70% of the power, the capacity for phase two has been tied up. So what was the tariff for that and what, and what is our plan for the remaining 30% that is currently untied?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Sorry, 100% of the power is tied up.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

Okay, so that remaining 30 is another player or is it the same?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

No, it’s always been the state utilities, Esco. We have a PPA with them for all our power.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

All right, what is the tariff of that EPA?<\/p>\n

GRK Prasad<\/strong><\/p>\n

9.5 cents per kilowatt hour.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

Okay. And on SARO alloys, my, my question is that the volumes and the realization as per the PPD have gone up significantly. Yet we see that PBT is down on a YOY level. Were there any say extraordinary or one time costs?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

So I think in terms of the overall market for ferroloids is unfortunate. Hello.<\/p>\n

operator<\/strong><\/p>\n

Yes, sir.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yeah, so in terms of the overall markets of ferroloids there’s been not much of a difference compared to last quarter. It still continues to remain in a fairly subdued manner. But I think over the last quarter you saw better realizations on two counts. One is the heavy reliance upon the Japanese market where we have a long term contract that has yielded far better results than the spot market. And adding to that is the product diversification into ferrosilicon. That too has helped us achieve better results, mainly owing to the exports made to the us. Both these things jointly has yielded better realizations.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

So sir, my question primarily was that the realizations are better and the volumes are better. So why is PBT down this quarter for ferro alloys like on a yoy basis?<\/p>\n

operator<\/strong><\/p>\n

Sir, we are unable to hear you.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

Am I audible now?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Just give us a second. That is working out now.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

The leukomatinase realization was lower year on year. That compensated by ferrocenicon realizations being higher.<\/p>\n

Nidhi Shah<\/strong><\/p>\n

All right, all right. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Sri Gopal Kakani from SG Kankani and Associates. Please go ahead.<\/p>\n

Gopal Kakani<\/strong><\/p>\n

Good afternoon, sir. I just wanted to get confirmation that 100 megawatt solar power plant is to be commissioned by July 26 and 300 megawatt thermal power plant is to be commissioned by August 26. I just wanted to get that pre confirmed.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yes, those are correct. That is the plan.<\/p>\n

Gopal Kakani<\/strong><\/p>\n

Okay, answer one more question. In this quarter this mining operations profitability has come down. Y over. Is there any major reason? Sir.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

One second.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

This is mainly on account of the forex impact between USD and Zambia.<\/p>\n

Gopal Kakani<\/strong><\/p>\n

Okay. Okay. Thank you, sir.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Viraj Mahadevia from Moneygrow. Please go ahead.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Hi sir. I’m back again. What is the net cash on the books for Q1 cashless debt at a consolidated level?<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

We have net cash of close to 1420. Net of cash.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Sorry.<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

2,400 cross cash.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

2,400 crores of net cash. Cross cash. Okay. And how much is the debt?<\/p>\n

Nikhil Devineni<\/strong><\/p>\n

Net cash will be around 1400.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Okay, thank you. My second question is. Is there a Zambia shutdown for maintenance and in Q2.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

I’m sorry, can you repeat that?<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Is there a Zambia power plant shutdown for Maintenance planned in Q2?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Both the units are going to go under shutdown in the next two months for their scheduled biannual maintenance.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Right. Okay. Thank you. Sir, Just a suggestion. It would be helpful if we could get in the investor presentation or a press release a table on sources and uses of parts for the various projects that are underway. Because we have four or five projects underway with different timelines with different amounts. It would be really helpful if you could have a summary table highlighting what is the capex we plan to spend over the next two years and what are the sources for that and the timelines for which project. Sure.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

We’ll make sure. Can I.<\/p>\n

Viraj Mahadevia<\/strong><\/p>\n

Thank you very much. All the best.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the land of Vijayap, an individual investor. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello.<\/p>\n

operator<\/strong><\/p>\n

Yes, sir.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. First of all, let me begin with congratulating the CEO of the company on the handsome bonus of $1.5 million declared by the company and the employees of the company for the RSUs who received RSUs as per the stock option plan. I have. My first question is regarding the company policy of distributing 25% of the profits to the shareholders as dividend. Does that profit possible? Does that policy still hold?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yes. So I think our primary dividend policy is between. I’d say 25 to 30%. I think the last few years we’ve been giving 27, 28% of the standalone profits. But that being said, that is our standard dividend policy. But given how our international operations perform and what dividends we receive from the international operations, which sometimes is unknown at this point, we will always be open to considering Special dividends in addition to the. So this 25 normal dividend based on the policy.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So this 25% received by Nawa Limited will be including the dividend or including the profits of the Zambia operation?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

No. So the Zambia operations profits are shown on the console level if the once Zambia declares a dividend to say the Singapore entity and the Singapore entity in turn declares the dividend to Nava, it comes into the Nava anyways. So you know, it’s difficult for us to declare a dividend here when we have not received it from the Zambian entity. And that’s exactly why our dividend policy is based on, you know, the standalone numbers. While we have the leeway to always announce special dividends like we have this time based on dividends we receive from the Zambia operation.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, Honestly it was a disappointment that like last year, there was no interim dividend declared this year. Coming to the next point that I have, it says in strategic updates that Nava Global will directly hold 65% equity in MSELJV. Now what is MSCL?<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

MSEL is Mamba Solar Energy Ltd. It’s basically the company that’s setting up the 100 megawatt solar plant.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so otherwise the Mamba Energy Ltd. 65 holding is with NAVA Limited.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

No, Mamba Energy is also owned by Nava Global. So by the way, so Nava Global was previously called Singapore which was the holding entity for all these assets and changed the name. Well then yeah then I mean Nava Global also owns 65% of MES. All we’re doing here is moving out MSCL, the solar entity from Mahpa Energy Limited and having a direct shareholding from Nava Global and 65% LZP 60 semi toning 35%.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. So with all this consolidation taking place of Zambia operations under the control of Nava Global Limited, is Nava Global Limited having any intention of listing itself on Singapore Exchange or any of the foreign exchanges are having an IPO.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Currently that’s not in the plants.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

But there is a possibility that Nava Global will go global and get listed on foreign exchange. Foreign stock exchanges.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Well, I mean I don’t want to speculate on this call right now, but currently that’s not on the books.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so in that case, now Limited remains the ultimate owner of Nava Global Limited.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you. I will go back in the queue.<\/p>\n

operator<\/strong><\/p>\n

Thank you. As there are no further questions from the participants, I now hand the conference over to management for closing comments. Thank you. And over to you sir.<\/p>\n

Ashwin Devineni<\/strong><\/p>\n

Thank you for your insightful. Questions. You may reach out on the wider investor platform and each other. Queries or clarifications? Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. On behalf of ICICI securities limited that concludes this conference. Thank you for joining us. And you may now disconnect your line. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nava Ltd (NSE: NAVA) Q1 2026 Earnings Call dated Aug. 14, 2025 Corporate Participants: Unidentified Speaker Ashwin Devineni \u2014 Managing Director and Chief Executive Officer Nikhil Devineni \u2014 Executive Director GRK Prasad \u2014 Executive Director Analysts: Unidentified Participant Mohit Kumar \u2014 Analyst Anukul Arora \u2014 Analyst Viraj Mahadevia \u2014 Analyst Nidhi Shah \u2014 Analyst Gopal […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-175481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136087,"url":"https:\/\/alphastreet.com\/india\/nava-bharat-ventures-limited-nbventures-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":175481,"position":0},"title":"Nava Bharat Ventures Limited (NBVENTURES) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 12, 2022","format":false,"excerpt":"Nava Bharat Ventures Limited (BSE: NBVENTURES) Q1 FY23 Earnings Concall dated Aug.12, 2022 Corporate Participants: Ashwin Devineni\u00a0--\u00a0Chief Executive Officer Analysts: Mohit Kumar\u00a0--\u00a0DAM Capital -- Analyst AM Lodha\u00a0--\u00a0Sanmati Consultants -- Analyst Unidentified Speaker\u00a0-- Nikhil Abhyankar\u00a0--\u00a0DAM Capital -- Analyst Siddharth Shah\u00a0--\u00a0MK Ventures -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Presentation: Operator Good morning, ladies\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179988,"url":"https:\/\/alphastreet.com\/india\/nava-ltd-nava-q3-2026-earnings-call-transcript\/","url_meta":{"origin":175481,"position":1},"title":"Nava Ltd (NAVA) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 9, 2026","format":false,"excerpt":"Nava Ltd (NSE: NAVA) Q3 2026 Earnings Call dated Feb. 05, 2026 Corporate Participants: Ashwin Devineni \u2014 Chief Executive Officer GRK Prasad \u2014 Executive Director GRK Prasad \u2014 Executive Director Nikhil Devineni \u2014 Senior Vice President Analysts: Nidhisha \u2014 Analyst Kaushik Doshi \u2014 Analyst Vaishnavi Gunu \u2014 Analyst Sri Gopal\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175482,"url":"https:\/\/alphastreet.com\/india\/nava-ltd-nava-q4-2025-earnings-call-transcript\/","url_meta":{"origin":175481,"position":2},"title":"Nava Ltd (NAVA) Q4 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Nava Ltd (NSE: NAVA) Q4 2025 Earnings Call dated May. 16, 2025 Corporate Participants: Unidentified Speaker Mohit Kumar \u2014 Moderator Ashwin Devineni \u2014 Chief Executive Officer and Executive Director Nikhil Devineni \u2014 Executive Director and Senior Vice President Gorthi Rama Krishna Prasad \u2014 Executive Director Analysts: Unidentified Participant AM Lodha\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147644,"url":"https:\/\/alphastreet.com\/india\/nava-bharat-ventures-limited-nbventures-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":175481,"position":3},"title":"Nava Bharat Ventures Limited (NBVENTURES) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 25, 2023","format":false,"excerpt":"Nava Bharat Ventures Limited (NSE: NBVENTURES) Q4 FY23 Earnings Concall dated May. 25, 2023 Corporate Participants: Ashwin Devineni\u00a0\u2014\u00a0Chief Executive Officer Sultan Baig\u00a0\u2014\u00a0Chief Financial Officer Mohit Kumar\u00a0--\u00a0Investor Relations Nikhil Devineni\u00a0--\u00a0Senior Vice President Analysts: Jatin Damania\u00a0--\u00a0Kotak Securities -- Analyst Nikhil Abhyankar\u00a0--\u00a0ICICI Securities -- Analyst S.G. Kankani\u00a0--\u00a0S.G. Kankani & Associates CS -- Analyst\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140190,"url":"https:\/\/alphastreet.com\/india\/nava-bharat-ventures-limited-nbventures-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":175481,"position":4},"title":"Nava Bharat Ventures Limited (NBVENTURES) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 6, 2023","format":false,"excerpt":"Nava Bharat Ventures Limited (NSE:NBVENTURES) Q3 FY23 Earnings Concall dated Feb. 03, 2023. Corporate Participants: Ashwin Devineni\u00a0--\u00a0Chief Executive Officer Sultan Baig\u00a0--\u00a0Chief Financial Officer Analysts: Mohit Kumar\u00a0--\u00a0DAM Capital Advisors Limited -- Analyst Kalpesh Agarwal\u00a0--\u00a0Individual Investor -- Analyst Nikhil Abhyankar\u00a0--\u00a0DAM Capita -- Analyst Yash Sarda\u00a0--\u00a0Sushil Finance -- Analyst Samir Shah\u00a0--\u00a0Individual Investor --\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175483,"url":"https:\/\/alphastreet.com\/india\/nava-ltd-nava-q3-2025-earnings-call-transcript\/","url_meta":{"origin":175481,"position":5},"title":"Nava Ltd (NAVA) Q3 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Nava Ltd (NSE: NAVA) Q3 2025 Earnings Call dated Feb. 07, 2025 Corporate Participants: Ashwin Devineni \u2014 Chief Executive Officer Sultan A. Baig \u2014 Chief Financial Officer Analysts: Mohit Kumar \u2014 Analyst A.M. Lodha \u2014 Analyst Govind Gilada \u2014 Analyst Gargi Singh \u2014 Analyst Shreegopal Kankani \u2014 Analyst Viraj Mahadevia\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/175481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2377"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=175481"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/175481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/147581"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=175481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=175481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=175481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}