Nava Bharat Ventures zooms 33% in 4 days on robust Q4 results
The company reported robust growth in its operations, backed by solid traction in manganese alloy business in both export and domestic markets.19-05-2022
19-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Revised Audited Financials For The Quarter And Year Ended 31.03.2022
Please find the attached revised audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2022.17-05-2022
Q4FY22 Quarterly Result Announced for Nava Bharat Ventures Ltd.
Electrical Utilities company Nava Bharat Ventures announced Q4FY22 results: Standalone: The profit before tax grew by 143% YoY for FY22. The Company reported a 123% increase in EBITDA YoY due to better efficiency in operations. EBITDA margins for Q4YF22 stood at 38.2% versus 29.0% in Q4FY21. For FY22, margins stood at 36.4% versus 26.9% in FY21. Mr. Ashwin Devineni, the CEO of the Company, commented on the results, saying, "It is particularly gratifying to be celebrating the Golden Jubilee when the future for our business looks so promising. Our FY22 performance is a testimony of our 50 years of continued efforts. The Company's Standalone operations have been the pillars of growth and sustainability. The Company's Standalone operations have been performing well with an all-around improvement. Company Ferro Alloys and Power divisions reported a strong performance despite a challenging macro environment in terms of geopolitical concerns, raw material inflation etc. On the International operations front, Zambian power operations remained stable with continued improvement in merchant coal sales. Management foresees a robust demand for energy in Southern Africa and plans on taking strategic decisions to capitalise on the opportunity. We are also happy to share that our monetisation plans of idle assets are progressing well especially concerning the urban land parcel in eastern Hyderabad. The legal hurdle regarding the land is behind us, the Company is exploring the best possible options to maximise the returns on it. The Company has declared a dividend of INR 6.00 per share, i.e. 300% for FY22, and further continues to explore more oppmtunities to enhance shareholder value further." Result PDF16-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed the press release in connection with announcement of Audited Financial Results (Standalone and Consolidated) for the fourth quarter and year ended March 31, 2022.16-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Board recommends Dividend
Nava Bharat Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2022, inter alia, has approved:- A final dividend on equity shares at the rate of 300% i.e. Rs. 6.00 (Six rupees only) per equity share of Rs. 2/- each for the financial year ended March 31, 2022.16-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (LODR) Regulations, 2015
This is to inform that the Board of Directors of the Company at its meeting held today (May 16, 2022), has inter-alia considered and recommended a final dividend on equity shares at the rate of 300% i.e. Rs. 6.00 (Six rupees only) per equity share of Rs. 2/- each for the financial year ended March 31, 2022. The above-mentioned dividend, if approved by the shareholders in the ensuing annual general meeting, shall be paid within 30 days of such approval. The meeting of Board of Directors commenced at 10:00 a.m (IST) and concluded at 1:50 p.m (IST).16-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Outcome Of Board Meeting U/R 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
Please see document enclosed herewith16-05-2022
NAVA BHARAT VENTURES LTD. - 513023 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find enclosed invitation of the conference call scheduled on Tuesday, May 17, 2022 at 11:00 hrs (IST) to discuss the operational and financial performance of the Company for the quarter and year ended March 31, 2022.13-05-2022