unaudited financial results along with limited review report for the quarter ended nine month ended 31/12/2025.
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nova Iron & Steel Ltd reported unaudited financial results for the quarter and nine months ended 31 December 2025, approved by the Board on 26 February 2026. The auditor (MNRS & Associates) issued a qualified conclusion, flagging that the company has not recognised interest on borrowings from certain lenders in its finance costs, with the impact described as unascertainable. The company reported a loss before tax and exceptional items of about ₹(1,947) lakhs for the nine months, wider than the prior year's ₹(710) lakhs. An exceptional item of around ₹797.94 lakhs appears in the nine-month results. The shares have a face value of ₹10 and the company continues to carry accumulated losses. Key financial figures are partially garbled in the source OCR but the trends point to a deeper loss-making period.
Shareholders should note that the auditor has qualified the results over missing interest expense, which means reported losses may understate true finance burden. The widening year-on-year loss and negative bottom line are negative signals for the stock and could weigh on sentiment.