7th, May, 2025

Nitco Ltd. Reports ₹310.66 Cr Revenue in FY 2024-25, Down 3.15% YoY

Nitco Ltd., a leading player in the tiles and surface industry, has reported its financial results for the fiscal year 2024–25 and Q4, reflecting a mixed performance with a marginal decline in revenues and a significant increase in losses.

Nitco Ltd. FY 2024–25 Performance Overview:

• Revenue from Operations stood at ₹310.66 crore, down by 3.15% compared to ₹320.75 crore in FY 2023–24. This slight dip indicates a relatively stable topline despite market challenges.

*Standalone Report

• Loss Before Tax (LBT) widened sharply to ₹274.37 crore from ₹156.26 crore in the previous fiscal, marking a 75.59% increase in losses. Rising costs or operational inefficiencies may have contributed to this spike.

• Loss After Tax worsened significantly to ₹736.21 crore in FY 2024–25, up from ₹156.59 crore in FY 2023–24, registering a 370.17% jump. This substantial increase in net losses raises concerns over long-term sustainability and balance sheet stress.

Nitco Ltd. Q4 Performance Overview (Jan-March 2025):

Despite the full-year numbers being under pressure, the company showed signs of turnaround in the fourth quarter (Q4 2024–25).

• Revenue from Operations increased to ₹92.58 crore in Q4 2024–25, up 30.61% from ₹70.89 crore in Q4 2023–24. This jump indicates growing demand or better market penetration during the quarter.

*Standalone Report

• Loss Before Tax significantly reduced to ₹1.94 crore compared to ₹53.15 crore in the same quarter last year, reflecting a 96.35% improvement.

• Loss After Tax also narrowed substantially to ₹1.94 crore from ₹53.15 crore in Q4 2023–24, a 96.35% year-on-year improvement, suggesting enhanced operational efficiency or cost control measures in recent months.

Conclusion:

While Nitco Ltd. faced steep challenges throughout FY 2024–25, leading to heavier annual losses, the strong Q4 performance offers a glimmer of hope. A solid revenue boost and massive reduction in quarterly losses may indicate early signs of a turnaround. Investors and stakeholders will now closely watch how the company builds on this momentum in the coming fiscal year.