Nitco Reports Wider Q4 Loss Despite Revenue Surge
Nitco tumbles after Q4 net loss widens to Rs 8 cr
Business Standard
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Nitco's consolidated net loss widened to ₹7.78 crore in Q4 FY26 from ₹2.90 crore in Q4 FY25, despite a 62.85% increase in total revenue to ₹152.32 crore. The company's expenses surged by 162.40%, primarily due to rising material costs.
- 01Consolidated net loss increased to ₹7.78 crore in Q4 FY26.
- 02Total revenue rose by 62.85% to ₹152.32 crore.
- 03Pre-tax loss also widened to ₹7.76 crore.
- 04Total expenses surged by 162.40% year-on-year.
- 05Revenue from tiles increased significantly, while real estate revenue declined.
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Nitco's consolidated net loss for Q4 FY26 reached ₹7.78 crore, a significant increase from the ₹2.90 crore loss reported in Q4 FY25. Despite this setback, the company experienced a robust 62.85% growth in total revenue, amounting to ₹152.32 crore compared to ₹93.53 crore in the previous year. The widening loss was attributed to a pre-tax loss of ₹7.76 crore, up from ₹2.89 crore a year earlier. Total expenses skyrocketed by 162.40% year-on-year, driven by a 141.70% increase in the cost of materials consumed, which totaled ₹32.05 crore. Segment-wise, revenue from tiles and related products surged by 54.39% to ₹151.74 crore, while revenue from the real estate segment saw a decline of 19.71%, totaling just ₹0.57 crore.
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The widening loss and increased expenses may affect Nitco's ability to invest in future projects, potentially impacting jobs and supplier relationships.
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