NITCO Limited, a leading player in the tiles, marble, and mosaic industry, has reported a sharp turnaround in its first-quarter results for FY2025-26, driven by revenue from a recently signed Joint Development Agreement (JDA) for its Alibaug land parcel and steady growth in its core tiles business.
For the quarter ended June 30, 2025, the company recorded consolidated revenue from operations of Rs.150.22 crore, compared to Rs.70.22 crore in the same quarter last year — reflecting a strong growth of 114%. Consolidated profit after tax stood at Rs.47.46 crore, compared to a loss of Rs.43.52 crore in Q1 FY2024-25.
The revenue boost came largely from the Alibaug land development deal, which contributed Rs58.42 crore during the quarter as an Interest Free Adjustable Advance. The agreement marks a significant step in the company’s asset monetization strategy, aimed at unlocking value from its real estate holdings.
Alongside real estate gains, the tiles and related products segment delivered stable performance, generating Rs.91.27 crore in revenue compared to Rs.69.66 crore in Q1 last year — a growth of around 31%. This reflects sustained market demand for NITCO’s design-led surfaces and a continued focus on operational efficiency.
Commenting on the results, Mr. Vivek Talwar, Chairman & Managing Director, NITCO said: "The first quarter marks a strong start to the financial year. The Alibaug development deal underscores our commitment to unlocking value from our land bank, while our core tiles business continues to deliver consistent results. We are confident of sustaining this growth momentum in the quarters ahead."
