Latest news with #Nitco
Business Standard
16 hours ago
- Business
- Business Standard
Nitco gains on securing Rs 261 crore order from Prestige Estates Projects
Nitco jumped 2.65% to Rs 133.60 after the company announced that it has received a fresh Letter of Intent (LoI) from Prestige Estates Projects for an additional tile supply order worth approximately Rs 45 crore. This new order comes on top of previous contracts totaling Rs 216 crore, bringing the cumulative value of orders from Prestige to around Rs 261 crore. These orders span across tiles, marble, and mosaic segments. The company expects to execute the full order over the next twelve months. Nitco emphasized that this development underlines a strong business environment and reinforces the trust that prominent real estate developers like Prestige Estates place in its execution capabilities. Nitco is a leading tiles manufacturer. Its collection includes ceramic, vitrified, mosaic, natural stone tiles, and high-quality marble. The company reported net loss of Rs 2.85 crore in Q4 March 2025 as against net loss of Rs 54.94 crore in Q4 March 2024. Net sales rose 30.37% YoY to Rs 93.19 crore in Q4 March 2025.
Business Upturn
19 hours ago
- Business
- Business Upturn
Nitco shares jump 3% after securing additional Rs 45 crore order from Prestige Estates
Nitco Ltd. shares rose 3% in early trade after the company announced a new business development with Prestige Estates Projects Ltd. Building on previous orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile supply order valued at approximately ₹45 crore. This takes the total order value from Prestige to ₹261 crore. The deal covers the supply of premium Tiles, Marble, and Mosaic products and is expected to be executed over the next 12 months. Nitco confirmed that the order is domestic and does not fall under related party transactions. Advertisement This marks a significant milestone in Nitco's long-standing collaboration with Prestige Estates—one of India's leading real estate developers. The continued partnership not only reflects strong demand for Nitco's product range but also reaffirms its execution strength in large-scale supply contracts. The development further strengthens Nitco's position in the institutional supply space and boosts its order book for FY2025- 26. Nitco shares moved in a tight range today, opening at ₹133.00 and, at the time of reaching, an intraday high of ₹135.00. The stock touched a low of ₹131.81 during the session. With its 52-week range between ₹69.00 and ₹150.00, Nitco continues to trade with moderate momentum. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Business Upturn
19 hours ago
- Business
- Business Upturn
Nitco secures additional Rs 45 crore tile order from Prestige Estates, total deal value reaches Rs 261 crore
By Aman Shukla Published on June 23, 2025, 09:02 IST Nitco Ltd has announced a fresh development in its ongoing business collaboration with Prestige Estates Projects Limited. Building on earlier orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile order valued at approximately ₹45 crore. This brings the total value of orders from Prestige to around ₹261 crore. The entire order, which covers the supply of Tiles, Marble, and Mosaic products, is expected to be executed over the next 12 months. The agreement underscores the strong demand for Nitco's premium offerings and affirms the company's execution capabilities in large-scale supply contracts. This continued partnership with Prestige Estates—a reputed name in the Indian real estate sector—highlights the trust developers place in Nitco's quality and service standards. The latest order is purely domestic and falls outside the scope of related party transactions. With this development, Nitco further strengthens its foothold in the institutional supply segment, signaling a positive trajectory in its order book and overall growth momentum for FY2025-26. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
03-05-2025
- Business
- Business Standard
Nitco reports standalone net loss of Rs 1.94 crore in the March 2025 quarter
Sales rise 30.60% to Rs 92.58 crore Net Loss of Nitco reported to Rs 1.94 crore in the quarter ended March 2025 as against net loss of Rs 53.15 crore during the previous quarter ended March 2024. Sales rose 30.60% to Rs 92.58 crore in the quarter ended March 2025 as against Rs 70.89 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 736.21 crore in the year ended March 2025 as against net loss of Rs 156.59 crore during the previous year ended March 2024. Sales declined 3.15% to Rs 310.66 crore in the year ended March 2025 as against Rs 320.75 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 92.5870.89 31 310.66320.75 -3 OPM % -6.97-30.46 - -10.88-11.45 - PBDT 1.05-45.90 LP -87.13-127.10 31 PBT -1.94-53.15 96 -274.36-156.26 -76 NP -1.94-53.15 96 -736.21-156.59 -370
Business Standard
03-05-2025
- Business
- Business Standard
Nitco reports consolidated net loss of Rs 2.85 crore in the March 2025 quarter
Sales rise 30.37% to Rs 93.19 crore Net Loss of Nitco reported to Rs 2.85 crore in the quarter ended March 2025 as against net loss of Rs 54.94 crore during the previous quarter ended March 2024. Sales rose 30.37% to Rs 93.19 crore in the quarter ended March 2025 as against Rs 71.48 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 741.15 crore in the year ended March 2025 as against net loss of Rs 162.97 crore during the previous year ended March 2024. Sales declined 3.11% to Rs 312.92 crore in the year ended March 2025 as against Rs 322.97 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 93.1971.48 30 312.92322.97 -3 OPM % -6.60-30.20 - -11.10-13.27 - PBDT 0.65-46.21 LP -91.57-133.54 31 PBT -2.90-53.47 95 -279.35-162.70 -72 NP -2.85-54.94 95 -741.15-162.97 -355
