NITCO Tiles Ltd registers net profit of Rs 86 lakh for Q4FY20

New Delhi: NITCO Tiles Ltd’s consolidated net profit stood at Rs 86 lakh for the fourth quarter of the fiscal 2019-20 as compared to a net loss of Rs 11 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 53 percent to Rs 79 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 169 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net loss jumped 12 percent to Rs 70 crore for the entire fiscal 2019-20 as compared to a net loss of Rs 61 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 22 percent to Rs 459 crore for the entire fiscal 2019-20 as compared to Rs 591 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 112 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 183 crore in the corresponding quarter of the previous fiscal. The total expenses of the company declined to Rs 573 crore in the 2019-20 fiscal as compared to Rs 657 crore in the previous fiscal, the company said in a regulatory filing.

 

menu
menu