Novateor Research Laboratories Ltd — Results, 30-05-2025: Result

Novateor Research Laboratories has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025. The company also converted 12.18 lakh warrants into equity shares at an issue price of Rs. 28 each, raising approximately Rs. 3.41 Cr and increasing paid-up capital to Rs. 6.05 Cr. The audited results showed revenue growth to Rs. 222.25 lakh for the half-year with a profit before tax of Rs. 11.32 lakh for the year. The auditor issued a qualified opinion citing deviations in accounting standards related to inventory valuation, employee benefits, segment reporting, and IPO expense amortization. Despite these, there were no material impacts quantified. Cash flow remained positive primarily due to financing activities.