Nitco's Q2 FY 2025-26 Quarterly Results

Result Summary

• Nitco Ltd reported a 27.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 64.8%.
• Its expenses for the quarter were up by 3.8% QoQ and down 2.8% YoY.
• The net profit decreased 98.0% QoQ and decreased 102.7% YoY.
• The earnings per share (EPS) of Nitco Ltd stood at 0.04 during Q2 FY 2025-26.

Financial Statments for Q2 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 entity in the ceramics industry, mainly known for producing tiles, marble, and other related materials. The company is engaged in the manufacturing and distribution of a wide range of flooring solutions, which are used extensively in residential and commercial projects. Nitco has established itself as a significant player in the Indian market, catering to both domestic and international clients. As a part of its strategic growth initiatives, Nitco may engage in expanding its product lines or distribution networks, although specific recent developments are not detailed in the available data.

Revenue

In Q2FY26, Nitco Ltd reported a total income of ₹111.20 crores, reflecting a decline of 27.6% from the previous quarter (Q1FY26) where the total income was ₹153.69 crores. However, when compared to the same quarter in the previous fiscal year (Q2FY25), the total income shows a substantial increase of 64.8%, up from ₹67.47 crores. This year-over-year (YoY) growth indicates a notable improvement in revenue generation compared to the previous year, despite the quarter-over-quarter (QoQ) decline.

Profitability

The profitability of Nitco Ltd in Q2FY26 experienced significant changes. The company recorded a Profit Before Tax (PBT) of ₹0.94 crores, which is a sharp decline from the ₹47.46 crores reported in Q1FY26, marking a QoQ decrease of 98.0%. Compared to Q2FY25, where the company had a negative PBT of ₹-34.61 crores, the current quarter reflects an improvement. The Profit After Tax (PAT) mirrors the PBT figures, with the same QoQ and YoY percentage changes, suggesting no tax expenses were incurred. Earnings Per Share (EPS) also decreased from ₹1.87 in Q1FY26 to ₹0.04 in Q2FY26, indicating a 97.9% QoQ decrease, while it improved from a negative EPS of ₹-4.82 in Q2FY25.

Operating Metrics

The total expenses for Nitco Ltd in Q2FY26 were ₹110.25 crores, which represents a 3.8% increase from ₹106.24 crores in Q1FY26. When comparing these expenses to Q2FY25, where the total expenses were ₹113.39 crores, there is a slight decrease of 2.8% YoY. The financial data available does not include other specific operating metrics such as P/E ratio, debt-to-equity ratio, or current ratio, which could provide further insights into the company's operational efficiency. However, the changes in expenses alongside income dynamics provide a partial view of Nitco's financial positioning within its industry context.