Nova Iron & Steel Ltd. Announces Q2 and Half-Yearly Results for 2025, Reports Qualified Opinion from Auditor

Nova Iron & Steel Ltd. has announced its unaudited financial results for the quarter and half-year ending 30/09/2025. The company's revenue from operations stands at ₹ 10,838.85 Lakhs, with a net profit of ₹ 13,974.45 Lakhs. However, the company's independent auditor, MNRS & Associates, has issued a qualified opinion due to certain issues related to asset disposal and interest recognition. The company has disposed off charged assets in favor of Shree Balaji Steel and Metal Private Limited, which has not been approved in accordance with SEBI (LODR) Regulations, 2015. Additionally, the company has not recognized interest on borrowings with certain lenders, making it impossible to determine the impact. The company's total assets stand at ₹ 52,664.00 Lakhs, with total liabilities of ₹ 32,064.00 Lakhs as of 30/09/2025.