News Details

( As on 26/02/2026 18:13)

Nova Iron & Stee posts Q2 net loss of Rs 1.06 cr

The company reported standalone net loss during the quarter stood at Rs 1.06 crore as compared to net loss of Rs 8.85 crore in the previous year quarter.

Net revenue of the company rose moderately by 8.71 per cent at Rs 108.04 crore in July-September quarter of this fiscal as against Rs 99.38 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 8.40 per cent to Rs 109.18 crore from Rs 100.72 crore in year ago period.

Other Income dipped by 65.00 per cent at Rs 0.35 crore versus (Sep'24 Rs 1.00 crore).

Operating Profit slipped by 14.93 per cent to Rs -1.14 crore as against Rs -1.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.48 per cent in September quarter.

Interest declined by 6.70 per cent y-o-y to Rs 3.48 crore