NITCO Q1 Revenue Surges 114% on Alibaug Deal, Tiles Growth

NITCO Limited has reported a significant increase in its first-quarter results for FY 2025-26. The company's revenue from operations surged by 114% to Rs.150.22 crore, compared to Rs.70.22 crore in the same quarter last year. This growth was driven by revenue from a recently signed Joint Development Agreement (JDA) for its Alibaug land parcel and steady growth in its core tiles business. The tiles and related products segment generated Rs.91.27 crore in revenue, a growth of around 31%. The Alibaug deal contributed Rs.58.42 crore during the quarter as an Interest Free Adjustable Advance. The company's profit after tax stood at Rs.47.46 crore, compared to a loss of Rs.43.52 crore in Q1 FY2024-25.