Nitco Ltd

According to media reports, the two parties are also likely to enter into a joint development agreement, with the deal expected to be signed soon. The proposed project could have a revenue potential of up to Rs 6,000 crore. The terms of revenue sharing between Nitco and HOABL are expected to be finalised as part of the agreement, the reports added. Nitco is a surface solutions company, offering tiles, marble and mosaic products. It has a strong presence across more than 55 countries and a wide domestic network of over 650 dealers, experience centres and franchise stores. On a consolidated basis, Nitco reported net loss of Rs 11.90 crore in Q3 December 2025 as against net loss of Rs 660.18 crore in Q3 December 2024. Net sales rose 54.66% YoY to Rs 130.30 crore in Q3 December 2025.

According to the company, Jain will continue in his role until the close of business hours on 31 March 2026, after which his resignation will become effective. Following his exit, he will also cease to be part of the company's senior management team from the same date. The company acknowledged his contributions during his tenure and expressed appreciation for his services. NITCO is engaged in providing floor and wall solutions with a portfolio comprising a comprehensive range of tiles, marbles and mosaic. The company had reported a consolidated net profit of Rs 1.00 crore in the quarter ended September 2025 as against a net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales increased by 62.21% YoY to Rs 106.78 crore in Q3 FY26. The counter jumped 4.59% to Rs 86.19 on the BSE. Powered by Capital Market - Live

Net Loss of Nitco reported to Rs 11.90 crore in the quarter ended December 2025 as against net loss of Rs 660.18 crore during the previous quarter ended December 2024. Sales rose 54.66% to Rs 130.30 crore in the quarter ended December 2025 as against Rs 84.25 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales130.3084.25 55 OPM %-4.62-5.96 - PBDT-5.90-17.14 66 PBT-7.96-187.02 96 NP-11.90-660.18 98 Powered by Capital Market - Live

Nitco will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

The robust performance was supported by multiple growth drivers, including higher customer demand, strengthening of the product portfolio, and sustained emphasis on operational efficiencies. Vivek Talwar, chairman & managing director of company, said: 'Achieving 85% growth in sales reflects the strength of our business strategy, the dedication of our teams, and the trust our customers placed in us. We remain focused on sustainable growth while continuing to invest in innovation, capacity expansion, and customer experience. Looking ahead, NITCO stated that it remains optimistic about its growth prospects and will continue to focus on strengthening its market position while maintaining financial discipline. NITCO is engaged in providing floor and wall solutions with a portfolio comprising a comprehensive range of tiles, marbles and mosaic. The company had reported a consolidated net profit of Rs 1.00 crore in the quarter ended September 2025 as against net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales increased by 62.21% YoY to Rs 106.78 crore in Q3 FY26. Powered by Capital Market - Live

Net profit of Nitco reported to Rs 1.00 crore in the quarter ended September 2025 as against net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales rose 62.21% to Rs 106.78 crore in the quarter ended September 2025 as against Rs 65.83 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales106.7865.83 62 OPM %-12.84-19.40 - PBDT-12.59-38.69 67 PBT0.94-45.91 LP NP1.00-34.60 LP Powered by Capital Market - Live

Nitco will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live

The orders are expected to be executed over a period of approximately 12 months. The contract, awarded by domestic entities, involves the supply of premium building materials to ongoing residential and commercial projects by the two developers. Nitco confirmed that neither its promoters nor promoter group or group companies have any interest in the awarding entities. The transaction is not classified as a related party transaction and is being executed on an arm's-length basis. This development highlights continued demand in the construction materials segment amid active real estate projects across India. The company reported consolidated net profit of Rs 47.46 crore in Q1 FY26 as against net loss of Rs 43.52 crore in Q1 FY25. Revenue from operations surged 114.8% year on year to Rs 149.66 crore in Q1 FY26.Powered by Capital Market - Live

The orders are expected to be executed over a period of approximately 12 months. The contract, awarded by domestic entities, involves the supply of premium building materials to ongoing residential and commercial projects by the two developers. Nitco confirmed that neither its promoters nor promoter group or group companies have any interest in the awarding entities. The transaction is not classified as a related party transaction and is being executed on an arm's-length basis. This development highlights continued demand in the construction materials segment amid active real estate projects across India. The company reported consolidated net profit of Rs 47.46 crore in Q1 FY26 as against net loss of Rs 43.52 crore in Q1 FY25. Revenue from operations surged 114.8% year on year to Rs 149.66 crore in Q1 FY26. Shares of Nitco rose 0.65% to settle at Rs 115.70 on the BSE. Powered by Capital Market - Live

Nitco announced that the Annual General Meeting(AGM) of the company will be held on 29 September 2025.Powered by Capital Market - Live