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(31 May 2023, 13:34)

Nitco reports consolidated net loss of Rs 42.14 crore in the March 2023 quarter

Sales decline 12.06% to Rs 105.18 crore


Net Loss of Nitco reported to Rs 42.14 crore in the quarter ended March 2023 as against net loss of Rs 37.25 crore during the previous quarter ended March 2022. Sales declined 12.06% to Rs 105.18 crore in the quarter ended March 2023 as against Rs 119.60 crore during the previous quarter ended March 2022.

For the full year,net loss reported to Rs 151.25 crore in the year ended March 2023 as against net loss of Rs 126.13 crore during the previous year ended March 2022. Sales declined 6.20% to Rs 380.27 crore in the year ended March 2023 as against Rs 405.39 crore during the previous year ended March 2022.

ParticularsQuarter EndedYear Ended
 Mar. 2023Mar. 2022% Var.Mar. 2023Mar. 2022% Var.
Sales105.18119.60 -12 380.27405.39 -6
OPM %-15.35-11.86 --9.82-9.69 -
PBDT-34.17-29.87 -14 -106.13-96.14 -10
PBT-41.24-37.24 -11 -135.39-126.14 -7
NP-42.14-37.25 -13 -151.25-126.13 -20

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