NITCO Tiles, founded in 1966, manufactures a variety of tiles, marbles, and mosaics in addition to offering floor and wall solutions. Additionally, it now engages in real estate development.
Financial Results:
NITCO Limited’s revenue in Q3FY23 fell 6% to ₹ 11,273 lakhs from ₹ 12,047 lakhs in Q3FY22. Consolidated Loss After Tax came at ₹ 3,448 lakhs in Q3FY23. In this quarter’s results, the reports suggested that the firm has reported decreased profits due to a high level of expenses.