Results - Announcements
Nitco Ltd share price inched up 2.13% to Rs 74.48 after the company's net profit plunged by 40.27% to Rs 6.17 crore, while revenue from operations increased sharply by 35.02% to Rs 154.92 crore in Q3FY26 over Q2FY26.
The market capitalization of Ceramics industry group stocks on BSE stood at Rs 25864.45 crore, rising 5.54%. It has marginally improved by 2.39% over last one week and ticked higher by 6.09% in last one month while the market capitalization of Nitco Ltd has improved by 7.91% and 26.91% in the same period respectively.
Profit before tax (PBT) of Nitco Ltd stood at Rs 6.17 crore in Q3 FY26, nosediving by 756.38% year-on-year, and plunging by 40.27% quarter-on-quarter. EBITDA came in at Rs 6 crore, crashing by 65.99% YoY and tumbling by 45.28% sequentially.
Total expenses jumped by 27.88% to Rs 161.58 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 31.11 crore, witnessing a sharp rise of 34.33% YoY, while employee benefits expense was at Rs 19.0 crore, seeing a marginal contraction of 2.51% YoY.
For the TTM ended FY26, revenue from operations witnessed a strong growth of 73.21% to Rs 542.0 crore, while net profit tanked by 103.87% to Rs 28.65 crore, compared to previous TTM. EBITDA saw a sharp decline of 24300% to Rs 13.08 crore, and PBT collapsed by 103.87% to Rs 28.67 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 152.58 crore in FY26, as against Rs 147.97 crore in FY25.
Nitco Ltd nosedived by 26.26% in last one year, underperforming the benchmark BSE Sensex which has slipped by 8.41% during the same period.