Please find enclosed herewith copy of unaudited financial results for the quarter ended 30.06.2025 along with Limited Review Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nova Iron & Steel Ltd reported unaudited Q1 FY26 results with revenue from operations of ₹11,297.09 lakhs, down about 9.7% from ₹12,509.54 lakhs in the same quarter last year, though revenue grew sequentially from ₹9,470.99 lakhs in Q4 FY25. Net profit for the quarter stood at ₹220.73 lakhs (EPS ₹0.61), compared to ₹349.05 lakhs (EPS ₹1.24) in Q1 FY25, a decline of roughly 37%. Total expenses were ₹11,090.90 lakhs versus ₹11,960.07 lakhs a year ago. The auditor (MNRS & Associates) issued a qualified conclusion, flagging that the company has not recognized interest on certain outstanding borrowings within finance costs—an issue that was also qualified in prior periods.
Year-on-year revenue and profit declines are mild negatives, while the repeated auditor qualification on unaccounted interest costs is a red flag that investors should monitor, as recognizing this expense could pressure future earnings.