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NITCO Limited appointed Mr. Arihant Kothari as Company Secretary and Compliance Officer, designating him as a Key Managerial Personnel and Senior Management Personnel, effective September 15, 2026. Mr. Kothari, a qualified Company Secretary, Chartered Accountant, and Cost & Management Accountant, brings over 14 years of experience across various sectors and will contribute to the company’s corporate governance, statutory compliance, and financial oversight.

NITCO Limited appointed Arihant Kothari as Company Secretary and Compliance Officer, designating him as a Key Managerial Personnel and Senior Management Personnel, effective September 15, 2026. Kothari, a qualified Company Secretary, Chartered Accountant, and Cost & Management Accountant, brings over 14 years of experience across various sectors and will contribute to the company’s corporate governance, statutory compliance, and financial oversight.

Nitco Ltd share price declined by 0.10% to Rs 96.7 after the company`s net profit jumped 32.61% to Rs 10.33 crore, while revenue from operations nosedived 24.06% to Rs 114.74 crore in Q2FY26 over Q1FY26. The market capitalization of Ceramics industry group stocks on BSE stood at Rs 24186.78 crore, declining 5.92%. It has marginally improved by 2% over last one week and moving up by 9.62% in last one month while the market capitalization of Nitco Ltd has slipped by 6.43% and 1.57% in the same period respectively. Profit before tax (PBT) of Nitco Ltd stood at Rs 10.33 crore in Q2 FY26, tumbling by 121.77% year-on-year, and rallying 33.12% quarter-on-quarter. EBITDA came in at Rs 11 crore, tanking 123.16% YoY and jumping 47.65% sequentially. Total expenses tumbled by 20.77% to Rs 126.35 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 23.16 crore, registering a fall of 27.74% YoY, while employee benefits expense was at Rs 19.49 crore, seeing a marginal contraction of 4.60% YoY. For the TTM ended FY26, revenue from operations softened by 3.11% to Rs 312.92 crore, while net profit surged by 354.81% to Rs 741.21 crore, compared to previous TTM. EBITDA jumped by 10990% to Rs 48.08 crore, and PBT soared 355.56% to Rs 741.2 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 147.97 crore in FY26, as against Rs 8.79 crore in FY25. Nitco Ltd nosedived by 25.39% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.04% during the same period.

Nitco will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Net Loss of Nitco reported to Rs 7.73 crore in the quarter ended March 2026 as against net loss of Rs 2.85 crore during the previous quarter ended March 2025. Sales rose 62.13% to Rs 151.09 crore in the quarter ended March 2026 as against Rs 93.19 crore during the previous quarter ended March 2025.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. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales151.0993.19 62 479.40312.92 53 OPM %-3.26-6.60 -5.21-11.10 - PBDT-5.530.65 PL 26.55-91.57 LP PBT-7.76-2.90 -168 32.67-279.35 LP NP-7.73-2.85 -171 28.90-741.15 LP Powered by Capital Market - Live News