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For the full year,net profit reported to Rs 28.90 crore in the year ended March 2026 as against net loss of Rs 741.15 crore during the previous year ended March 2025. Sales rose 53.20% to Rs 479.40 crore in the year ended March 2026 as against Rs 312.92 crore during the previous year ended March 2025.
Total revenue from operations jumped 62.85% to Rs 152.32 crore in Q4 FY26 as against Rs 93.53 crore in Q4 FY25.
The company reported a pre-tax loss of Rs 7.76 crore in the fourth quarter of FY26 compared with a pre-tax loss of Rs 2.89 crore posted in the same period a year ago.
Total expenses increased by 162.40% YoY to Rs 162.40 crore in Q4 FY26. The cost of materials consumed was Rs 32.05 crore (up 141.70% YoY) during the quarter.
On segmentwise, revenue from tiles and other related products surged 54.39% year-on-year to Rs 151.74 crore, while revenue from the real estate segment declined 19.71% YoY to Rs 0.57 crore in Q4 FY26x .
NITCO makes designer tiles. Its product ranges from ceramic tiles, mosaic tiles, vitrified tiles, vitrified flooring, and marble.
At the same time, Rashi Fincorp sold 23 lakh shares, equivalent to a 0.96% stake, at Rs 95.09 per share.
Cyriac’s name did not appear in Nitco’s shareholding pattern for the quarter ended March 2026.
As of March 2026, promoters held a 20.17% stake in the company. Among public shareholders, Authum Investment and Infrastructure held 46.77%.
Cyriac is executive chairman of Florintree Advisors, a private equity firm focused on emerging Indian companies across sectors including technology, industrials, healthcare and financial services.
Before founding Florintree, he served as managing director and co-head of private equity operations at Blackstone India. He also worked at Tata Motors and later joined Bank of America in investment banking.
Cyriac currently serves on the boards of Gokaldas Exports and ideaForge Technology.
Nitco is a surface solutions company, offering tiles, marble and mosaic products. It has a strong presence across more than 55 countries and a wide domestic network of over 650 dealers, experience centres and franchise stores.
On a consolidated basis, Nitco reported net loss of Rs 11.90 crore in Q3 December 2025 as against net loss of Rs 660.18 crore in Q3 December 2024. Net sales rose 54.66% YoY to Rs 130.30 crore in Q3 December 2025.
The terms of revenue sharing between Nitco and HOABL are expected to be finalised as part of the agreement, the reports added.
Following his exit, he will also cease to be part of the company’s senior management team from the same date.
The company acknowledged his contributions during his tenure and expressed appreciation for his services.
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 loss of Rs 11.90 crore in the quarter ended December 2025 as against a net loss of Rs 660.18 crore recorded during the previous quarter ended December 2024. Sales increased by 54.7% YoY to Rs 130.30 crore in Q3 FY26. The company reported a consolidated net loss of Rs 11.90 crore for the quarter ended December 2025, compared to a net loss of Rs 660.18 crore in the corresponding quarter of the previous year. Sales increased 54.7% year-on-year to Rs 130.30 crore in Q3 FY26.
The counter jumped 4.59% to Rs 86.19 on the BSE.
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.
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 Q2 FY26.