Nitco Ltd

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

Nitco announced that Infomerics Valuation and Rating (Infomerics) has re-affirmed the credit rating assigned to the debt/loan facilities availed by the Company through Issuer not Cooperating category. The Company does not concur with the ratings assigned by Infomerics, since they have relied on an outdated data prior to the restructuring agreement entered into by the Company with its lender viz. Authum Investment and Infrastructure (Authum). Infomerics has overlooked the crucial fact that the Company has fully repaid the sustainable debt amount due to Authum and has also settled the outstanding dues of Life Insurance Corporation of India. As on date, the Company's outstanding debt comprises only of Non-Convertible Debentures of Rs. 50 crore (Interest Rate 5%) maturing in the year 2028. The Company continues to make timely interest payments on due obligations. Further, Authum holds Rs. 150 crore of Non-Convertible Preference Shares (Coupon Rate 0.10%) issued by the Company which is due for redemption from the year 2028. Further, the Company has sufficient liquidity position comprising of cash and cash equivalents amounting to Rs. 79.61 crore as on 30 June 2025. Given the above, the Company is not in agreement with assigned ratings and is in discussions with Infomerics to conclude the rating process. Powered by Capital Market - Live

Net profit of Nitco reported to Rs 47.53 crore in the quarter ended June 2025 as against net loss of Rs 43.52 crore during the previous quarter ended June 2024. Sales rose 114.84% to Rs 149.66 crore in the quarter ended June 2025 as against Rs 69.66 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales149.6669.66 115 OPM %33.16-15.49 - PBDT50.56-36.37 LP PBT47.46-43.52 LP NP47.53-43.52 LP Powered by Capital Market - Live

Nitco will hold a meeting of the Board of Directors of the Company on 11 August 2025.Powered by Capital Market - Live

Nitco has entered into a Joint Development Agreement on 26 June 2025 with Total Environment Building Systems (Developer), for the plotted development of the Company's Land situated at Alibaug, specifically, all that piece and parcels of land in Shrigaon, Kalwadkhar, Mondvira & Dehenkoni villages at Alibaug Taluka, Raigad, for a consideration which is likely to fetch minimum of Rs. 350 crore over a period of 3 years. Out of the same, the Company has received an interest free adjustable advance of Rs. 58.42 crore.Powered by Capital Market - Live

This new order comes on top of previous contracts totaling Rs 216 crore, bringing the cumulative value of orders from Prestige to around Rs 261 crore. These orders span across tiles, marble, and mosaic segments. The company expects to execute the full order over the next twelve months. Nitco emphasized that this development underlines a strong business environment and reinforces the trust that prominent real estate developers like Prestige Estates place in its execution capabilities. Nitco is a leading tiles manufacturer. Its collection includes ceramic, vitrified, mosaic, natural stone tiles, and high-quality marble. The company reported net loss of Rs 2.85 crore in Q4 March 2025 as against net loss of Rs 54.94 crore in Q4 March 2024. Net sales rose 30.37% YoY to Rs 93.19 crore in Q4 March 2025. Powered by Capital Market - Live

Nitco has received a letter of intent from Prestige Estates Projects for an additional order of tiles worth Rs 45 crore. With this, total orders receives from Prestige Estates Projects stands at approximately Rs 261 crore to be executed potentially over the period of twelve months. Powered by Capital Market - Live

Net Loss of Nitco reported to Rs 1.94 crore in the quarter ended March 2025 as against net loss of Rs 53.15 crore during the previous quarter ended March 2024. Sales rose 30.60% to Rs 92.58 crore in the quarter ended March 2025 as against Rs 70.89 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 736.21 crore in the year ended March 2025 as against net loss of Rs 156.59 crore during the previous year ended March 2024. Sales declined 3.15% to Rs 310.66 crore in the year ended March 2025 as against Rs 320.75 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales92.5870.89 31 310.66320.75 -3 OPM %-6.97-30.46 --10.88-11.45 - PBDT1.05-45.90 LP -87.13-127.10 31 PBT-1.94-53.15 96 -274.36-156.26 -76 NP-1.94-53.15 96 -736.21-156.59 -370 Powered by Capital Market - Live