News Details

( As on 26/02/2026 18:23)

Nova Iron & Stee posts Q3 net loss of Rs 11.77 cr

The company reported standalone net loss during the quarter stood at Rs 11.77 crore as compared to net loss of Rs 4.72 crore in the previous year quarter.

Net revenue of the company rose moderately by 12.37 per cent at Rs 109.82 crore in October-December quarter of this fiscal as against Rs 97.73 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 16.78 per cent to Rs 111.06 crore from Rs 95.10 crore in year ago period.

Other Income dipped by 10.20 per cent at Rs 0.44 crore versus (Dec'24 Rs 0.49 crore).

Operating Profit slipped by 147.15 per cent to Rs -1.24 crore as against Rs 2.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 142.01 per cent in December quarter.

Interest grew by 60.00 per cent y-o-y to Rs 4.72 crore