Nitco's Q3 FY 2025-26 Quarterly Results

Result Summary

• Nitco Ltd reported a 20.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 57.8%.
• Its expenses for the quarter were up by 29.1% QoQ and down 47.7% YoY.
• The net profit decreased 1372.3% QoQ and decreased 98.2% YoY.
• The earnings per share (EPS) of Nitco Ltd declined at 0.34 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Nitco Ltd is a prominent name in the industry, primarily engaged in the manufacturing and distribution of floor tiles and marble products. The company operates in the ceramic and marble industry, which caters to both residential and commercial construction markets. Recently, Nitco has been focusing on expanding its product line and increasing its market presence through strategic partnerships and modernizing its production facilities. However, specific recent developments related to the company's strategic direction or new product launches are not available based on the provided data.

Revenue

In the third quarter of FY26, Nitco Ltd recorded a total income of ₹134.36 crores, which reflects a significant improvement from ₹111.20 crores in the second quarter of the same fiscal year. The quarter-over-quarter (QoQ) increase in total income is approximately 20.8%. When compared to the same quarter in the previous fiscal year (Q3FY25), where the total income was ₹85.17 crores, there is a year-over-year (YoY) growth of 57.8%. This increase indicates that the company has experienced substantial revenue growth over the past year, with a notable rise in the most recent quarter.

Profitability

The profitability metrics for Nitco Ltd show a disparate performance. In Q3FY26, the company reported a loss before tax of ₹11.96 crores, a substantial decline from the profit before tax of ₹0.94 crores in the previous quarter (Q2FY26). Compared to Q3FY25, where a significant loss of ₹660.17 crores was recorded, the YoY change in profit before tax stands at -98.2%. Despite the reduction in losses YoY, the QoQ decline is marked by a -1372.3% change. The earnings per share (EPS) for Q3FY26 stood at -₹0.34, down from ₹0.04 in Q2FY26 and -₹91.87 in Q3FY25, indicating a -950.0% QoQ and -99.6% YoY change in EPS. No tax was recorded in any of the quarters mentioned.

Operating Metrics

The operating metrics for Nitco Ltd in Q3FY26 exhibit notable trends. Total expenses increased to ₹142.31 crores, marking a 29.1% rise from ₹110.25 crores in Q2FY26. This is a substantial reduction when compared to the total expenses of ₹272.20 crores in Q3FY25, reflecting a YoY decrease of 47.7%. The increase in expenses QoQ, coupled with the revenue growth, suggests a possible shift in operational scale or cost structure. However, the significant reduction in expenses YoY demonstrates improved cost management or changes in operational efficiencies. Earnings per share figures and associated profit metrics are reflective of these operational trends, highlighting the financial challenges faced during the quarter.