NITCO Ltd’s net loss more than doubles to Rs 36 cr for Q1FY21

New Delhi: Tiles maker NITCO Ltd’s consolidated net loss more than doubled to Rs 36 crore for the first quarter of the current fiscal as compared to Rs 13 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 83 percent to Rs 23 crore for the first quarter of the current fiscal as compared to Rs 139 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 61 crore for the first quarter of the current fiscal as compared to Rs 158 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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