Nava Ltd Share Price – NSE  /  BSE

Diversified, Small Cap

Nava announced that the 52th Annual General Meeting (AGM) of the company will be held on 8 August 2024.

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Nava has fixed 01 August 2024 as record date for the purpose of determining the entitlement of the shareholders for the final dividend.

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Maamba Collieries (MCL), Nava's Zambian Step Down subsidiary has been issued two Large Scale Exploration Licenses for Lithium and other Minerals (Amethyst, Aqua Marine, Tantalum and Tin) in the Southern Province of Zambia.

The Exploratory Licenses are valid for a period of four years during which period MCL plans to carry out detailed exploration of the license areas aggregating to about 8200 Ha to ascertain the mineable resources and to prepare an appropriate business plan for implementation.

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Net profit of Nava declined 16.41% to Rs 206.19 crore in the quarter ended March 2024 as against Rs 246.66 crore during the previous quarter ended March 2023. Sales rose 4.82% to Rs 923.90 crore in the quarter ended March 2024 as against Rs 881.44 crore during the previous quarter ended March 2023.

For the full year,net profit rose 1.73% to Rs 943.73 crore in the year ended March 2024 as against Rs 927.67 crore during the previous year ended March 2023. Sales rose 8.22% to Rs 3818.12 crore in the year ended March 2024 as against Rs 3528.15 crore during the previous year ended March 2023.

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