The Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2025 along with Limited review report.
Awaiting price reaction for this filing.
Nitin Fire Protection Industries, which has been under liquidation since January 2022 after insolvency proceedings, has reported its first quarterly results post-acquisition by the Elysian Wealth Fund-led consortium (which bought the company as a going concern in October 2024). Standalone revenue from operations jumped to ₹296.66 lakhs in Q1 FY26 from just ₹17.16 lakhs in the same quarter last year. Total income, boosted by ₹747.66 lakhs in other income, stood at ₹1,044.32 lakhs. The company swung to a standalone profit of ₹591.01 lakhs from a loss of ₹128.79 lakhs a year ago. On a consolidated basis, revenue from operations rose to ₹327.21 lakhs (vs ₹30.53 lakhs), and net profit was ₹662.17 lakhs vs a loss of ₹150.24 lakhs. The auditor issued an unqualified review conclusion. New directors were appointed, and the company is awaiting NCLT's final liquidation closure order.
For shareholders, this signals a sharp operational turnaround under the new acquirer, with the company returning to profitability after years of distress. However, the final liquidation closure order is still pending and share capital is likely to be restructured (cancellation and reissuance of shares), which means existing shareholdings may change materially once that process concludes.