Outcome of Board Meeting - Submission of Financial Results for the quarter ended 31.12.2025
NOVAAGRI · price
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Nova Agritech reported weak Q3 FY26 results with a sharp year-on-year decline. Standalone revenue from operations fell about 43% YoY to Rs 2,446.79 lakhs (vs Rs 4,322.53 lakhs in Q3 FY25), and standalone profit after tax dropped roughly 73% to Rs 148.33 lakhs (vs Rs 558.16 lakhs). On a consolidated basis, revenue declined about 24% YoY to Rs 6,654.57 lakhs and PAT fell about 75% to Rs 261.23 lakhs. For the nine-month period, standalone revenue was nearly halved (Rs 5,743.83 lakhs vs Rs 11,143.67 lakhs) while consolidated revenue was broadly flat (Rs 20,567.99 lakhs vs Rs 21,279.12 lakhs), indicating subsidiaries cushioned the parent's decline. Sequentially, standalone revenue grew about 15% from Q2 FY26 but consolidated revenue fell about 28% QoQ. Margins compressed sharply on both bases. Statutory auditor NSVR & Associates LLP issued an unmodified limited review report, and the company confirmed full utilisation of IPO proceeds with no deviation.
Sharp YoY drop in revenue and profits, along with significant margin compression, is likely to weigh negatively on near-term stock sentiment. The standalone weakness is partially offset by stronger subsidiary contributions at the consolidated level, but the steep Q3 PAT decline of 73-75% raises concerns about core profitability and warrants caution.