Nitco Reports Mixed Financial Results for December 2024, Highlighting Sales Growth and Debt Concerns

Nitco, a microcap player in the ceramics, marble, granite, and sanitaryware industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a complex landscape for the company, with notable shifts in its financial metrics.
On a positive note, Nitco achieved its highest quarterly net sales in the last five quarters, reaching Rs 84.63 crore. Additionally, the operating profit, although still negative, showed an improvement, marking the highest level at Rs -5.02 crore during the same period. This suggests a potential positive trend in operational efficiency, as reflected in the operating profit margin, which also reached its highest point at -5.93%.

Conversely, the financial results reveal significant challenges. The profit before tax (PBT) and profit after tax (PAT) figures were notably low, with PBT at Rs -187.57 crore and PAT at Rs -187.03 crore, both reflecting substantial declines compared to previous quarters. Furthermore, the debt-equity ratio has reached its highest level at -1.58 times, indicating an increasing reliance on borrowing, which may raise concerns about liquidity.

Overall, Nitco's recent evaluation changes reflect a nuanced picture of its financial health.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.