NITCO revenue soars 114% on Alibaug land deal

NITCO Limited's consolidated revenue surged 114% to Rs.150.22 crore in Q1 FY2025-26, up from Rs.70.22 crore last year. The company swung to a Rs.47.46 crore profit after tax, reversing a Rs.43.52 crore loss in the prior year.

A major portion of growth, Rs.58.42 crore, came from an Interest Free Adjustable Advance related to the Alibaug land development deal. The tiles segment also performed strongly, with revenue rising 31% to Rs.91.27 crore.