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The robust performance was supported by multiple growth drivers, including higher customer demand, strengthening of the product portfolio, and sustained emphasis on operational efficiencies.
Vivek Talwar, chairman & managing director of company, said: “Achieving 85% growth in sales reflects the strength of our business strategy, the dedication of our teams, and the trust our customers placed in us.
We remain focused on sustainable growth while continuing to invest in innovation, capacity expansion, and customer experience.'
Looking ahead, NITCO stated that it remains optimistic about its growth prospects and will continue to focus on strengthening its market position while maintaining financial discipline.
NITCO is engaged in providing floor and wall solutions with a portfolio comprising a comprehensive range of tiles, marbles and mosaic.
The company had reported a consolidated net profit of Rs 1.00 crore in the quarter ended September 2025 as against net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales increased by 62.21% YoY to Rs 106.78 crore in Q3 FY26.
The orders are expected to be executed over a period of approximately 12 months.
The contract, awarded by domestic entities, involves the supply of premium building materials to ongoing residential and commercial projects by the two developers.
Nitco confirmed that neither its promoters nor promoter group or group companies have any interest in the awarding entities. The transaction is not classified as a related party transaction and is being executed on an arm’s-length basis.
This development highlights continued demand in the construction materials segment amid active real estate projects across India.
The company reported consolidated net profit of Rs 47.46 crore in Q1 FY26 as against net loss of Rs 43.52 crore in Q1 FY25. Revenue from operations surged 114.8% year on year to Rs 149.66 crore in Q1 FY26.