Latest news with #FerroSilicon
Business Standard
2 days ago
- Business
- Business Standard
Sustaining Operational Excellence and Financial Strength, Nava Advances on Strategic Growth Projects
PRNewswire Hyderabad (Telangana) [India], August 14: NAVA Limited, a diversified Indian multinational conglomerate operating across Metals, Mining, Energy, Commercial Agriculture, and Healthcare, today announced its financial results for the quarter ended June 30, 2025. The Company reported its highest-ever quarterly PBT, alongside steady progress on its strategic initiatives in India and overseas. Key Business Highlights Consolidated Q1 FY26: * Total income: ₹1,232.6 crore, up 16.7% quarter-on-quarter (QoQ) and marginally lower by 2.0% year-on-year (YoY). * Net profit: ₹399.1 crore - up 31.8% QoQ and lower by 10.5% YoY. * Average tax rate is higher, as profits from the power division of MEL are subject to tax at 15% from Q1 FY26. * Maamba Energy Limited (MEL): Received arrears of USD 75.0 million, reducing outstanding receivables to USD 85.5 million. * Sponsors received maiden dividend from MEL, with Nava group receiving USD 32.5 million as its share. * Projects: MEL's Phase II 300 MW expansion and MSEL's 100 MW solar project in Zambia are on track for scheduled commissioning in Q2 of FY 2027. Business Performance (Q1 FY26): * Metals: Ferro alloys sales volume rose to 33,130 MT from 25,116 MT YoY, with further improved realizations in Ferro Silicon exports. * Energy: Strong operational performance across India and Zambia; MEL sustained high PLF at 95.2%. Indian power plants also operated at an overall average PLF of 86.6% during the quarter. * Mining: Continued stable operations and profitability. * Commercial Agriculture: Avocado plantations are on track for first commercial harvest (~250 MT) in Nov/Dec 2025; Sugar cane plantation for the integrated sugar project has commenced with key project management being undertaken by group companies and the 20 MW Co-generation power plant being set for relocation to Zambia as part of this Project.. The capex outlay for the sugar project is now estimated to be USD 200.0 Mn, taking into account evaluated capital commitments. Standalone Q1 FY26: * Total revenue: ₹572.7 crore, up 8.4% QoQ and 5.0% YoY including dividend of USD 4.0 Mn from Nava Global Pte Ltd (formerly Nava Bharat (Singapore) Pte Ltd). * PAT: ₹141.0 crore, up 45.2% QoQ and 7.6% YoY. Strategic Updates: * Received approvals for the segregation two captive power plants in Telangana and Odisha as IPPs. The operationalization of this segregation is envisaged in Q3/Q4 resulting in better productivity in energy division thereafter. * Nava Global will directly hold 65% equity in MSEL in a JV with ZCCM-IH (35%) to obtain a higher and independent enterprise value. * It has been decided to amalgamate the intermediate holding company on commercial agriculture with Nava Global making the latter a investment hub for all overseas operating ventures in metals, mining, energy and commercial agriculture Commenting on the performance, Managing Director and CEO, Ashwin Devineni, said: "We are pleased to report our highest-ever quarterly PBT, driven by strong operations across our energy portfolio and improved realizations in the metals business. The 50% tax concession regime applicable to the power division under MEL impacted the PAT for the quarter. The resolution of a substantial portion of MEL's receivables and the receipt of its maiden dividend are significant steps in further strengthening our cash position. Our strategic projects -- from renewable energy in Zambia to commercial agriculture in Africa -- are progressing as planned, positioning us for sustainable growth. The planned conversion of our captive power assets to IPPs will further enhance operational efficiency. We remain committed to disciplined capital allocation, operational excellence, and the timely execution of our growth plans to create enduring value for all stakeholders." About Nava Limited Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India's leading ferroalloy producers, Nava also operates Zambia's largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and in healthcare in Southeast Asia. For more information, please visit Media Contact: Ms. Lisa Rufus G. Phone: +91 91542 40656 Email: lisa.r@ Nava Limited will host a conference call to discuss the quarterly financial results in detail on 14 August 2025 at 1600hrs (IST). Investors and stakeholders are invited to visit the company's website for further details. This document may contain forward-looking statements based on management's beliefs, opinions, and expectations as of the date of this release. Actual results may vary due to risks and uncertainties, and the company does not assume any obligation to update such statements in response to future developments. Please refer to official disclosures for the most accurate and up-to-date information. Logo:
Business Standard
2 days ago
- Business
- Business Standard
Nava drops after Q1 PAT slides 10.5% YoY
Nava fell 4.48% to Rs 588 after reporting a decline in profit for the June quarter. On a consolidated basis, the company's net profit for Q1 FY26 stood at Rs 399.1 crore, down 10.5% year-on-year, though up 31.8% sequentially. The YoY decline was partly due to higher tax outgo, with profits from Maamba Energy's power division now taxed at 15% versus nil earlier. Revenue from operations fell 2.4% YoY to Rs 1,193.2 crore in Q1 FY26, but rose 17.2% QoQ. This included strong contributions from the metals and energy segments. Profit before tax stood at Rs 535.9 crore in Q1 FY26, up 65.3% versus Q4 but up only 0.9% versus Q1 FY25. EBITDA came in at Rs 627.7 crore in Q1 FY26, almost flat YoY, but up 49.7% from Rs 419.2 crore in Q4 FY25. EBITDA margin expanded to 50.9% from 49.7% last year and 39.7% in the previous quarter. Estimated credit loss surged 325.6% YoY to Rs 74.1 crore during the quarter. Operationally, ferro alloys sales volumes rose 31.9% YoY to 33,130 MT, aided by better export realizations in Ferro Silicon. The energy business delivered strong performance across India and Zambia, with Maamba Energy achieving a high PLF of 95.2%, while Indian plants averaged 86.6%. Mining operations remained stable and profitable. In commercial agriculture, avocado plantations are on track for a first commercial harvest (~250 MT) in late 2025, while the integrated sugar project in Zambia has commenced with a capex outlay estimated at $200 million. Maamba Energy received arrears of $75 million during the quarter, reducing receivables to $85.5 million. Sponsors, including Nava, received a maiden dividend from MEL, with Nava's share at $32.5 million. MEL's 300 MW expansion and 100 MW solar project in Zambia are on track for Q2 FY27 commissioning. Nava is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India's leading ferroalloy producers, Nava also operates Zambia's largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and in healthcare in Southeast Asia.
The Wire
2 days ago
- Business
- The Wire
Sustaining Operational Excellence and Financial Strength, Nava Advances on Strategic Growth Projects
HYDERABAD, India, Aug. 14, 2025 /PRNewswire/ -- NAVA Limited, a diversified Indian multinational conglomerate operating across Metals, Mining, Energy, Commercial Agriculture, and Healthcare, today announced its financial results for the quarter ended June 30, 2025. The Company reported its highest-ever quarterly PBT, alongside steady progress on its strategic initiatives in India and overseas. Key Business Highlights Consolidated Q1 FY26: • Total income: ₹1,232.6 crore, up 16.7% quarter-on-quarter (QoQ) and marginally lower by 2.0% year-on-year (YoY). • Net profit: ₹399.1 crore – up 31.8% QoQ and lower by 10.5% YoY. • Average tax rate is higher, as profits from the power division of MEL are subject to tax at 15% from Q1 FY26. • Maamba Energy Limited (MEL): Received arrears of USD 75.0 million, reducing outstanding receivables to USD 85.5 million. • Sponsors received maiden dividend from MEL, with Nava group receiving USD 32.5 million as its share. • Projects: MEL's Phase II 300 MW expansion and MSEL's 100 MW solar project in Zambia are on track for scheduled commissioning in Q2 of FY 2027. Business Performance (Q1 FY26): • Metals: Ferro alloys sales volume rose to 33,130 MT from 25,116 MT YoY, with further improved realizations in Ferro Silicon exports. • Energy: Strong operational performance across India and Zambia; MEL sustained high PLF at 95.2%. Indian power plants also operated at an overall average PLF of 86.6% during the quarter. • Mining: Continued stable operations and profitability. • Commercial Agriculture: Avocado plantations are on track for first commercial harvest (~250 MT) in Nov/Dec 2025; Sugar cane plantation for the integrated sugar project has commenced with key project management being undertaken by group companies and the 20 MW Co-generation power plant being set for relocation to Zambia as part of this Project.. The capex outlay for the sugar project is now estimated to be USD 200.0 Mn, taking into account evaluated capital commitments. Standalone Q1 FY26: • Total revenue: ₹572.7 crore, up 8.4% QoQ and 5.0% YoY including dividend of USD 4.0 Mn from Nava Global Pte Ltd (formerly Nava Bharat (Singapore) Pte Ltd). • PAT: ₹141.0 crore, up 45.2% QoQ and 7.6% YoY. Strategic Updates: • Received approvals for the segregation two captive power plants in Telangana and Odisha as IPPs. The operationalization of this segregation is envisaged in Q3/Q4 resulting in better productivity in energy division thereafter. • Nava Global will directly hold 65% equity in MSEL in a JV with ZCCM-IH (35%) to obtain a higher and independent enterprise value. • It has been decided to amalgamate the intermediate holding company on commercial agriculture with Nava Global making the latter a investment hub for all overseas operating ventures in metals, mining, energy and commercial agriculture Commenting on the performance, Managing Director and CEO, Ashwin Devineni, said: "We are pleased to report our highest-ever quarterly PBT, driven by strong operations across our energy portfolio and improved realizations in the metals business. The 50% tax concession regime applicable to the power division under MEL impacted the PAT for the quarter. The resolution of a substantial portion of MEL's receivables and the receipt of its maiden dividend are significant steps in further strengthening our cash position. Our strategic projects — from renewable energy in Zambia to commercial agriculture in Africa — are progressing as planned, positioning us for sustainable growth. The planned conversion of our captive power assets to IPPs will further enhance operational efficiency. We remain committed to disciplined capital allocation, operational excellence, and the timely execution of our growth plans to create enduring value for all stakeholders." Quantitative Table of Operational Data (Sales Qty): Quarter FY Jun-25 Jun-24 YoY% Mar-25 FY 2025 Metals (MT) Silico Manganese 29,789 22,989 29.6 % 37,645 94,686 Ferro Silicon 3,341 2,127 57.1 % 4,682 12,162 Energy (MUs) Nava - Merchant Sales 288 302 -4.6 % 163 768 Nava – Captive Consumption 169 127 33.1 % 172 632 NBEIL 236 257 -8.2 % 200 783 MEL 561 588 -4.6 % 464 2,109 Mining (MT 000's) MEL – Coal 118 125 -5.6 % 101 443 About Nava Limited Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India's leading ferroalloy producers, Nava also operates Zambia's largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and in healthcare in Southeast Asia. For more information, please visit Media Contact: Ms. Lisa Rufus G. Phone: 91 91542 40656 Email: lisa.r@ Nava Limited will host a conference call to discuss the quarterly financial results in detail on 14 August 2025 at 1600hrs (IST). Investors and stakeholders are invited to visit the company's website for further details. This document may contain forward-looking statements based on management's beliefs, opinions, and expectations as of the date of this release. Actual results may vary due to risks and uncertainties, and the company does not assume any obligation to update such statements in response to future developments. Please refer to official disclosures for the most accurate and up-to-date information. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI
Yahoo
26-05-2025
- Business
- Yahoo
Ferro Silicon Market Projected to Reach USD 14.68 Billion by 2032
The ferro silicon market is experiencing significant global growth, primarily driven by escalating demand in the steel and iron foundry industries. Austin, May 26, 2025 (GLOBE NEWSWIRE) -- The global Ferro Silicon Market is projected to reach USD 14.68 billion by 2032, growing at a compound annual growth rate (CAGR) of 2.62% from 2024 to PDF Sample of Ferro Silicon Market @ Ferro Silicon is a type of ferroalloy that consists of iron and silicon and is used as a deoxidizing agent and alloying element in steelmaking and cast-iron production. This increase in demand is primarily due to the burgeoning construction and automotive sectors, particularly in developing economies, and due to technological improvements in steel manufacturing techniques. Market prospects are also strengthened by a changing technology increasingly favouring electric arc furnace (EAF) steelmaking, which requires high-purity alloys. That property of the alloy itself, corrosion resistance, high hardness, and magnetic properties, makes the alloy material a valuable input to metallurgical applications. Ferro Silicon Market Expands in the U.S. Amid Rising Demand from Steel and Automotive Sectors, Infrastructure Push, and Technological Advancements The United States held a significant market size of USD 3.40 billion in 2023, and held the largest market share of around 68.4% during the forecast period. The U.S. has a very structured metallurgical sector, fairly rapid use of new technology in smelting, and stringent quality control rules. Additionally, the American Foundry Society itself has been prioritizing sustainability and process efficiency, which, in turn, has promoted local Ferro Silicon production for specialized castings and, in particular, automotive-grade steel applications. Key Players: Anyang Xinyi Alloy Co., Ltd. DMS Powders Elkem ASA Ferroglobe PLC FINNFJORD AS Indian Metals & Ferro Alloys Limited (IMFA) Maithan Alloys Limited Mechel PAO OM Holdings Ltd. Pertama Ferroalloys Sdn. Bhd. Russian Ferro-Alloys Inc. Sinogu China VBC Ferro Alloys Limited XINLONGSEN Metallurgical Material Co., Ltd. Zaporozhsky Ferroalloy Plant Anyang Lishi Industrial Co., Ltd. HENAN Star Metallurgy Material Co., Ltd. OFZ, a.s. FENG ERDA GROUP Huta Laziska SA Ferro Silicon Market Report Scope: Report Attributes Details Market Size in 2023 USD 11.63 Billion Market Size by 2032 USD 14.68 Billion CAGR CAGR of 2.62% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Type (Atomized, Milled)• By Application (Deoxidizer, Inoculants, Others)• By End-use (Carbon & Other Alloy Steel, Stainless Steel, Electric Steel, Cast Iron, Others) Key Drivers • Rapid Integration of Ferro Silicon in Electric Arc Furnaces to Support Sustainable and Cost-Effective Steelmaking Processes. If You Need Any Customization on Ferro Silicon Market Report, Inquire Now @ Market Segmentation By Type The atomized segment held the largest market share, around 62.5% in 2023. It is owing to its use in the manufacturing of high-quality steel and special alloys. Atomized Ferro Silicon is formed when Ferro Silicon in a molten state is subjected to rapid cooling, giving rise to fine, consistent particles. Such type of ferro silicon is highly desired in sectors that require accurate control of the composition and properties of the material. This is extensively applied in manufacturing high-strength steels, stainless steels, and electrical steels, essential materials in transportation, energy, and construction applications. Such an atomized shape brings a more controlled deoxidation and alloying process, ensuring better results in both quality and consistency. By Application The deoxidizer segment dominated the ferro silicon market in 2023, accounting for approximately 57.8% of the global market share. It is due to its essential utilization in steelmaking and foundry applications. Ferro Silicon also serves as a common deoxidizer for steelmaking. It removes oxygen from molten steel and enhances the quality of liquid steel, ensuring requisite material characteristics. Ferro Silicon serves as a deoxidizing agent whose effects fortify the steel's strength, toughness, and corrosion resistance that are critical for the manufacturing of high-quality steel in automotive, construction, and manufacturing industries. By End-Use Carbon & Other Alloy Steel held the largest market share, around 48.2% in 2023. It is owing to the high demand of this segment from major end-use industries such as construction and automotive, infrastructure, and machinery manufacturing. Ferro Silicon is the essential material for carbon and alloy steels, where it serves as a deoxidizer with a profound effect on the properties, primarily strength, of both carbon and alloy steels, and the alloying agent, imparting hardness to steel and improving wear and corrosion resistance. These steels are used for structural and other components, pipelines, tools, and auto parts in applications where performance and toughness are important. Regional Analysis Asia-Pacific led the market in 2023, holding over 42.8% of the global share. The prominence in the region is expected to sustain until 2032, aided by fast industrialization, continuous investments in public infrastructure, and increasing production of steel in China, India, South Korea, and Japan. Due to the availability of raw materials, cheap labor, and cheap exports from the growing domestic industry, China continues to hold the value in Ferro Silicon production and export. India's Ferro Silicon sector has big growth potential, backed by government initiatives like "Make in India" and production-linked incentive (PLI) schemes to promote metallurgical production in the country. Moreover, steel products have seen significant consumption owing to demand arising out of construction and railways, which is in turn benefits the Ferro Silicon market indirectly. Recent Developments In January 2024, Ferroglobe PLC announced the expansion of its Ferro Silicon production facility in South Africa to meet growing global demand and improve supply chain resilience. The plant is expected to increase output by 20% by the end of 2025. In March 2024, Elkem ASA introduced a low-carbon Ferro Silicon product line under its 'Green Alloy' brand. These products are designed to meet the requirements of eco-conscious steelmakers and comply with stringent EU environmental Full Research Report on Ferro Silicon Market 2024-2032 @ Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Ferro Silicon Market Segmentation, By Type 8. Ferro Silicon Market Segmentation, By Application 9. Ferro Silicon Market Segmentation, By End-use 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practice 13. Conclusion Read Our Trending Reports: U.S. Ferrochrome Market Size and Gorwth Analysis by 2032 Silicone Fabrics Market Sees North America Lead with 45 Percent Share in 2023 Due to Advanced Industrial Applications and Strong Demand Silicone Surfactants Market Driven by Eco-Friendly Demand as 30 Percent of U.S. Consumers Prioritize Sustainable Personal Care Products About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Sign in to access your portfolio
