Nitco Ltd's Q3FY25 Quarterly Results

Result Summary

• Nitco Ltd reported a 26.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.1%.
• Its expenses for the quarter were up by 140.1% QoQ and 115.7% YoY.
• The net profit increased 1807.5% QoQ and increased 1362.2% YoY.
• The earnings per share (EPS) of Nitco Ltd declined at 91.9 during Q3FY25.

Financial Statments for Q3FY25

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 an established player in the tile and marble industry, primarily engaged in the manufacturing and distribution of tiles and marble products. The company operates in the construction and building materials sector, providing a diverse range of flooring solutions. While specific recent developments about the company are not provided, Nitco Ltd is known for its focus on innovation and quality in its product offerings. Its market presence extends across various regions, catering to both residential and commercial projects. The company has traditionally focused on expanding its product line and enhancing its distribution network to strengthen its market position.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Nitco Ltd reported a total income of ₹85.17 crores. This represents a significant increase of 26.2% quarter-over-quarter (QoQ) from ₹67.47 crores in Q2FY25, and a moderate year-over-year (YoY) increase of 5.1% from ₹81.04 crores in Q3FY24. The rise in total income QoQ indicates a positive revenue performance over the recent quarter. Despite the challenging market conditions, the company has managed to improve its revenue streams compared to the previous fiscal year's same quarter. This growth in revenue can be attributed to potential changes in sales volume, pricing strategy, or product mix.

Profitability

For Q3FY25, Nitco Ltd experienced a substantial loss, reporting a profit before tax of -₹660.17 crores. This marks a drastic increase in loss when compared to the previous quarter, Q2FY25, which recorded a loss of -₹34.61 crores. The YoY comparison also shows a significant rise in losses from -₹45.15 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was heavily impacted, recorded at -₹91.90, up from -₹4.80 in Q2FY25 and -₹6.30 in Q3FY24. The absence of tax payments remains consistent across the periods. These figures indicate severe challenges in the company's profitability, with notable increases in loss margins both QoQ and YoY.

Operating Metrics

During Q3FY25, Nitco Ltd's total expenses surged to ₹272.20 crores, reflecting a dramatic increase of 140.1% QoQ from ₹113.39 crores in Q2FY25, and 115.7% YoY from ₹126.19 crores in Q3FY24. This indicates a significant rise in operational or production costs affecting the company's profitability. The substantial increase in expenses relative to the revenue growth suggests operational challenges that the company might be facing. The financial data provided does not include specific details on cost breakdowns or other operational metrics, such as production efficiency or sales distribution. Hence, any further analysis on operational performance would require additional data.