Nova Agritech Limited Announces Quarter Results and Key Board Appointments Following Meeting
Nova Agritech Limited released its unaudited financial results for the quarter ended June 30, 2026, alongside details of significant board appointments following a meeting held on August 14, 2026. The company’s leadership approved the results, which were reviewed by statutory auditors and recommended by the Audit Committee.The Board also considered several key personnel matters, including the re-appointment of directors and the appointment of new management staff members. These decisions are subject to member approval at the upcoming Annual General Meeting scheduled for September 26, 2026.
Financial Performance Review (Quarter Ended June 30, 2026)
The unaudited financial results of Nova Agritech Limited were prepared in accordance with Indian Accounting Standards (Ind AS). The company is primarily engaged in the manufacture, marketing, and distribution of soil health management, crop nutrition, and crop protection products.The following tables present the Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with comparative data from previous periods. (All amounts are in Indian rupees lakhs unless otherwise stated).
Standalone Financial Results
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 2,099.75 | 2,057.67 | 1,165.17 | 7,801.50 |
| Other operating income | - | - | - | - |
| Total Income | 2,222.19 | 2,174.21 | 1,262.49 | 8,241.09 |
| Expenses | ||||
| Cost of raw materials consumed | 1,258.21 | 948.15 | 624.79 | 4,764.58 |
| Changes in inventories | 99.82 | 383.17 | -147.59 | -470.22 |
| Employee benefits expense | 269.28 | 314.57 | 308.85 | 1,342.96 |
| Finance costs | 68.21 | 66.73 | 67.80 | 287.89 |
| Depreciation and amortization expense | 74.39 | 93.08 | 22.58 | 280.24 |
| Other expenses | 303.40 | 308.62 | 339.02 | 1,609.22 |
| Total Expenses | 2,073.31 | 2,114.31 | 1,215.45 | 7,814.67 |
| Profit before tax from continuing operations | 148.88 | 59.90 | 47.05 | 426.42 |
| Total Tax Expense | 12.39 | 22.87 | -0.25 | 32.50 |
| Profit for the year from continuing operations | 136.49 | 37.03 | 47.30 | 393.92 |
Consolidated Financial Results
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 6,001.31 | 5,591.44 | 4,674.85 | 26,159.42 |
| Other operating income | - | - | - | - |
| Total Income | 6,015.30 | 5,591.84 | 4,684.02 | 26,176.30 |
| Expenses | ||||
| Cost of raw materials consumed | 4,182.37 | 4,824.22 | 3,761.38 | 20,572.23 |
| Changes in inventories | -23.70 | -931.69 | -679.72 | -2,683.95 |
| Employee benefits expense | 562.70 | 618.43 | 531.17 | 2,491.85 |
| Finance costs | 113.82 | 107.37 | 112.82 | 485.53 |
| Depreciation and amortization expense | 136.37 | 160.10 | 41.22 | 495.55 |
| Other expenses | 653.31 | 724.54 | 525.61 | 3,046.88 |
| Total Expenses | 5,624.87 | 5,502.99 | 4,292.68 | 24,408.10 |
| Profit before tax from continuing operations | 390.43 | 88.86 | 391.33 | 1,768.21 |
| Total Tax Expense | 65.61 | 66.81 | 66.79 | 484.36 |
| Profit for the year from continuing operations | 324.82 | 22.04 | 324.54 | 1,283.84 |
Board Decisions and Appointments
The meeting of the Board of Directors on August 14, 2026, included several critical governance approvals:- Director Re-appointments: The Board considered the re-appointment of Mrs. Malathi Siripurapu as a Whole-Time Director for a period of three years. Similarly, Mr. Rajesh Cherukuri was proposed for re-appointment as a Whole-Time Director for three years, and Mr. Ramesh Babu Nemani was proposed for re-appointment as a Non-Executive Independent Director for five years.
- Appointment of Key Personnel: The Board approved the appointment of Mr. Gopi Mallikharjuna Rao Avvaru as Company Secretary and Compliance Officer.
These roles—the appointment of the Company Secretary, along with the various director recommendations—are subject to approval by the members at the forthcoming Annual General Meeting.
NOVAAGRI Stock Price Movement
Shares of Nova Agritech Limited slipped today as the stock shed 2.43%, settling at ₹24.50 in post-market trading. The equity finished with a recorded volume of 42,410 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.