Nova Agritech Limited announced today that its Chief Financial Officer (CFO), Mr. Gunupudi Kamoji Srinivas, has tendered his resignation to pursue new professional opportunities. The resignation will take effect from the close of business hours on September 8, 2025.

Resignation Details

In a regulatory filing, Nova Agritech Limited disclosed that Mr. Srinivas submitted his resignation letter on September 8, 2025. The company confirmed that there are no other material reasons for his departure beyond those stated in the resignation letter.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with para "A" of part "A" of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Nova Agritech also provided the necessary disclosures as required under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Response

Ms. Neha Soni, Company Secretary & Compliance Officer of Nova Agritech Limited, signed the regulatory filing, ensuring proper dissemination of the information to all concerned parties. The company has not yet announced a successor for the CFO position.

Nova Agritech Limited, headquartered in Telangana, India, operates in the agricultural sector. As the company transitions to new financial leadership, stakeholders will be watching for any potential impacts on the organization's financial strategy and performance.

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.