Nova Agritech Ltd. has released its first quarter results, showcasing a mixed performance with revenue growth but a decline in profitability.

Revenue Growth

The company reported a notable increase in revenue, reaching ₹467.00 million in the first quarter, up from ₹419.00 million in the same period last year. This represents an 11.46% year-over-year growth, indicating a positive trend in the company's top-line performance.

Profit Decline

Despite the revenue growth, Nova Agritech experienced a decrease in its consolidated net profit. The company's net profit for the quarter stood at ₹32.00 million, down from ₹43.00 million in the corresponding quarter of the previous year, marking a 25.58% decline.

EBITDA and Margin Compression

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a decrease, falling to ₹54.00 million from ₹59.00 million year-over-year. This represents an 8.47% reduction in EBITDA.

Additionally, Nova Agritech experienced margin compression, with the EBITDA margin shrinking to 11.47% from 14.05% in the previous year. This 2.58 percentage point decrease in EBITDA margin suggests increased cost pressures or changes in the company's operational efficiency.

Financial Performance Overview

To provide a clearer picture of Nova Agritech's quarterly performance, here's a summary of the key financial metrics:

The results indicate that while Nova Agritech has successfully grown its revenue, the company faces challenges in maintaining profitability and operational efficiency. The decline in net profit and EBITDA, coupled with margin compression, suggests that the company may be experiencing increased costs or competitive pressures in its market segment.

As Nova Agritech navigates these financial dynamics, investors and stakeholders will likely be keen to see how the company addresses these challenges and leverages its revenue growth to improve bottom-line performance in the coming quarters.

Nova Agritech Limited , a key player in the agricultural technology sector, has announced the re-appointment of Mr. Kiran Kumar Adapa as an Independent Director for a second term of five years. The decision, made by the company's Board of Directors on August 9, 2025, is subject to shareholder approval at the upcoming 18th Annual General Meeting.

Experienced Agricultural Scientist at the Helm

Mr. Adapa brings a wealth of experience to his role, with over 26 years as a Scientist in Horticulture. His academic credentials include a Bachelor of Science in Horticulture from Andhra Pradesh Agricultural University and a Doctorate of Philosophy in Horticulture from Dr. Y.S.R. Horticultural University.

Extensive Research Background

Throughout his career, Mr. Adapa has conducted extensive research in vegetables, fruits, and post-harvest management. His expertise has been instrumental in shaping agricultural practices and contributing to the field of horticulture.

Current Role and Contributions

Presently, Mr. Adapa serves as an Officer on special duty for oil palm development in Telangana Oilfed. He also assists the Department of Horticulture, Telangana State, in postharvest management, leveraging his extensive knowledge to benefit the agricultural sector.

Continuation of Leadership

Mr. Adapa's re-appointment, set to commence on March 17, 2026, pending shareholder approval, signifies Nova Agritech's confidence in his leadership and expertise. His continued presence on the board is expected to provide valuable insights and guidance to the company's operations and strategic decisions.

Compliance and Transparency

Nova Agritech Limited has confirmed that Mr. Adapa has not been debarred from holding the office of Director by any regulatory authority. The company also stated that he is not related to any Director, Key Managerial Personnel, or Promoter of the Company, ensuring independence in his role.

The re-appointment of Mr. Kiran Kumar Adapa underscores Nova Agritech's commitment to maintaining strong corporate governance and leveraging expert knowledge in the agricultural technology sector. As the company moves forward, Mr. Adapa's continued involvement is poised to contribute significantly to its growth and development in the coming years.