Nitco Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "NITCO Q1 Revenue Surges 114% on Alibaug Deal, Tiles Growth."".
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Nitco Limited reported a strong Q1 FY26 turnaround with consolidated revenue from operations rising 114% year-on-year to Rs. 150.22 crore, compared to Rs. 70.22 crore in Q1 FY25. The company swung from a loss of Rs. 43.52 crore in Q1 FY25 to a profit after tax of Rs. 47.46 crore in Q1 FY26. A key driver was a recently signed Joint Development Agreement (JDA) for the Alibaug land parcel, which contributed Rs. 58.42 crore as an Interest Free Adjustable Advance under the company's asset monetization strategy. The core tiles and related products business also grew about 31% to Rs. 91.27 crore from Rs. 69.66 crore a year ago, reflecting steady demand and operational efficiency. The company's Chairman expressed confidence in sustaining the growth momentum through the year.
The sharp revenue jump and swing to profit are positive for shareholders, but a large portion of the earnings (around 39% of revenue) came from a one-time land monetization deal rather than recurring operations, so investors should watch whether the core tiles business can sustain this growth pace.