Nova Iron & Steel Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance amid ongoing operational challenges. The Chhattisgarh-based iron and steel company demonstrated revenue resilience while grappling with profitability concerns.

Financial Performance Overview

The company's quarterly performance showed both strengths and challenges across key metrics:

For the nine-month period, the company maintained steady revenue growth with total income of ₹33,176.27 lakhs compared to ₹32,474.41 lakhs in the previous year, representing a growth of 2.16%.

Operational Expenses and Cost Structure

The company's expense management revealed significant variations across different cost categories. Cost of materials consumed for Q3 FY26 stood at ₹8,132.35 lakhs compared to ₹6,698.16 lakhs in Q3 FY25. Employee benefits expenses increased to ₹467.06 lakhs from ₹387.12 lakhs year-over-year.

Auditor's Qualified Opinion

MNRS & Associates, the company's auditors, issued a qualified review report highlighting a significant concern. The auditors noted that the company has not recognized interest on borrowings outstanding with respect to certain lenders within finance costs reported in the financial results for the quarter and nine months ended December 31, 2025. The financial impact of this non-recognition remains unascertainable due to the absence of required information.

Regulatory Compliance and Board Approval

The unaudited financial results were reviewed by the audit committee and approved by the Board of Directors in their meeting held on February 26, 2026. The results were submitted to the Bombay Stock Exchange Limited pursuant to Regulation 33 and 30 read with Schedule III of SEBI (LODR) Regulations, 2015. Company Secretary Dheeraj Kumar communicated the submission through the online portal, ensuring compliance with regulatory requirements.

Key Financial Metrics and Corporate Details

The company maintained its paid-up equity share capital at ₹3,613.95 lakhs with a face value of ₹10.00 per share. The earnings per share showed deterioration, with basic EPS (after exceptional items) declining to ₹(3.26) for Q3 FY26 from ₹(1.31) in Q3 FY25. The company confirmed that gratuity, leave encashments, and other necessary provisions have been made on an estimate basis.

Nova Iron & Steel Limited has announced a board meeting scheduled for January 21, 2026, to consider the company's unaudited financial results for the quarter and half-year ended September 30, 2025. The steel company issued the meeting notice on January 15, 2026, in compliance with regulatory requirements.

Meeting Details and Purpose

The board meeting will specifically focus on reviewing the unaudited financial results for Q2FY26 and the half-year period ending September 30, 2025. The meeting is scheduled for Wednesday, January 21, 2026, as communicated to the Bombay Stock Exchange.

Regulatory Compliance

The meeting notice was issued in strict compliance with Regulation 29 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Company Secretary Dheeraj Kumar digitally signed the official communication on January 15, 2026, at 17:38:35 IST. The notice was formally addressed to the Secretary of the Bombay Stock Exchange Limited at Phiroze Jeejeebhoy Towers, Mumbai.

Corporate Communication

The official notice carried reference number NISL/SE/2025-26 and was submitted through the company's online portal system. The communication follows standard corporate governance practices for listed entities, ensuring transparency and regulatory adherence in financial disclosure processes.