Nova Agritech Reports Q1 Revenue Growth Amid Profit Decline Aug 10, 2025
Nova Agritech Limited Renews Independent Director's Tenure for Second Term Aug 09, 2025
More news about Nova Agritech
09Aug 25
Nova Agritech Reports No Deviation in IPO Fund Utilization, Posts Q1 FY26 Results
Nova Agritech Limited reported its Q1 FY26 financial results and IPO fund utilization. The company has utilized ₹100.51 crore of the ₹100.95 crore net IPO proceeds, with ₹0.44 crore remaining. Q1 FY26 standalone revenue was ₹11.65 crore with a net profit of ₹0.47 crore. Consolidated revenue stood at ₹46.75 crore with a net profit of ₹3.25 crore. The company's 18th AGM is scheduled for September 19, 2025, and the re-appointment of Mr. Kiran Kumar Adapa as an Independent Director has been recommended.
09Aug 25
Nova Agritech Reports Mixed Q1 Results: Consolidated Revenue Up 11.5%, Standalone Revenue Down 64.8%
Nova Agritech Limited reported mixed Q1 financial results. Consolidated revenue increased by 11.5% to ₹4,674.85 crore, but net profit decreased by 24.1% to ₹324.54 crore. Standalone performance showed significant declines with revenue down 64.8% to ₹1,165.17 crore and net profit falling 78.9% to ₹47.30 crore. The company faced cost pressures due to increased raw material expenses. Nova Agritech recently completed its IPO, raising ₹11,200 crore, with ₹10,050.83 crore already utilized for various purposes including working capital and a new formulation plant.