Nitco Share Price

Monitoring Agency Report for the quarter ended June 30, 2026.

• BSE India
• 2 days 23 hours ago

Newspaper Publication

• BSE India
• 4 days 1 hour ago

<h3><span style="font-size:16px;"><strong>Ceramics company Nitco announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427="">Total Income for Q1FY27 was Rs 11,850.79 lakh, showing a decrease of 23.36% QoQ from Rs 15,464.04 lakh in Q4FY26 and a decline of 22.89% YoY compared to Rs 15,368.99 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Revenue from operations in Q1FY27 stood at Rs 11,601.45 lakh, representing a drop of 23.83% QoQ from Rs 15,232.29 lakh in Q4FY26 and a decrease of 22.77% YoY from Rs 15,021.79 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">The Group reported a Net Loss of Rs 1,032.97 lakh for Q1FY27, compared to a Net Loss of Rs 778.57 lakh in Q4FY26 and a Net Profit of Rs 4,745.50 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Profit before tax and after exceptional items for Q1FY27 was a loss of Rs 1,032.81 lakh, as against a loss of Rs 776.00 lakh in Q4FY26 and a profit of Rs 2,867.34 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Total Comprehensive Income for Q1FY27 was a loss of Rs 1,030.07 lakh, compared to a loss of Rs 755.21 lakh in Q4FY26 and a profit of Rs 4,762.77 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Earnings per share (Basic) for Q1FY27 stood at Rs (0.43), compared to Rs (0.34) in Q4FY26 and Rs 2.07 in Q1FY26.</li> </ul> <p _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427="">Total Income for Q1FY27 stood at Rs 11,710.18 lakh, a decline of 23.56% QoQ from Rs 15,319.29 lakh in Q4FY26 and a drop of 23.23% YoY from Rs 15,253.95 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Revenue from operations in Q1FY27 was Rs 11,549.57 lakh, decreasing by 23.89% QoQ from Rs 15,174.90 lakh in Q4FY26 and 22.84% YoY from Rs 14,968.68 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">The company reported a Net Loss of Rs 925.13 lakh for Q1FY27, compared to a Net Loss of Rs 635.52 lakh in Q4FY26 and a Net Profit of Rs 4,920.65 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Profit before tax for Q1FY27 was a loss of Rs 925.13 lakh, as against a loss of Rs 635.52 lakh in Q4FY26 and a profit of Rs 4,920.65 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Total Comprehensive Income for Q1FY27 was a loss of Rs 922.23 lakh, compared to a loss of Rs 612.16 lakh in Q4FY26 and a profit of Rs 4,937.92 lakh in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Earnings per share (Basic) for Q1FY27 was Rs (0.38), compared to Rs (0.28) in Q4FY26 and Rs 2.15 in Q1FY26.</li> </ul> <p _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Segment Wise Performance:</strong> <ul> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Tiles and other related products:</strong> The segment recorded revenue of Rs 11,549.57 lakh in Q1FY27 with a segment loss of Rs 747.47 lakh.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Real Estate:</strong> The segment recorded revenue of Rs 51.88 lakh in Q1FY27 with a segment loss of Rs 285.63 lakh.</li> </ul> </li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Fund Raising and Utilization:</strong> The company has fully utilized Rs 54,211.17 lakh raised through preferential allotment basis till June 30, 2026. The funds were utilized for repayment of debt (Rs 20,000.00 lakh), payment to operational creditors (Rs 5,000.00 lakh), working capital (Rs 9,805.38 lakh), acquisition of real estate/land (Rs 16,885.25 lakh), and general corporate purposes (Rs 2,520.54 lakh).</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Employee Stock Options:</strong> The Parent Company recognized an ESOP cost of Rs 1,057.74 lakh for the vesting period from August 2024 to June 2026 based on the fair value of 9,88,000 stock options determined at Rs 113.76 per option.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Alibaug Land Development:</strong> The company has entered into a Joint Development Agreement (JDA) for plotted development of land at Alibaug. The company expects the balance interest-free adjustable advance to be received in FY27.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Monetisation of Property:</strong> Shareholders approved the monetisation of the Kanjurmarg property for a monetary consideration of Rs 14,300.00 lakh and additional office space. Pending execution of a definitive agreement, the sale has not yet been recognized in the books.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Legal/Penalty Matter:</strong> The Additional Directorate General Foreign Trade (ADGFT) levied a penalty of Rs 17,000.00 lakh for irregular/non-fulfilment of export obligations. The Company has filed a Writ Petition in the Hon'ble Bombay High Court, and no provision has been made in the books as management considers the order bad in law.</li> </ul> <p><a class="lb" href="/get-document/post/pdf/5783718/" target="_blank">Result PDF</a></p>

• Trendlyne
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